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Just FYI, Different rates given with 2 different cards at same ATM, same time!

#1 With PAYPAL card ONLY charges $1 per transaction but shittier rate!

Debit Card ATM Withdrawal From AV.5 NORTE #23AN 4 Cali Dec. 2, 2008 Completed Details -$391.84 USD -$1.00 USD 900,000cop comes out to 2296.8

#2 With WAMU platinum debit card! Charges 1% but better rate!

12/2/2008 AV.5 NORTE #23AN 49 CALI 1202 M $64.66 for 150,000cop comes out to 2319.8 .64 cents foreign transaction fee..

So you see it does vary for which card you use. So people here who say they get NO FEES probably are getting the worser rate with the F.T.F built in already.

By Paisa/Calena/Luver on Dec 2, 2008, 14:13 in Friendly Talkzone.

Monita Linda says on Dec 2, 2008, 14:16:

Nothing is free in this world. They do (and need) to make money some way!

Good luck in Cali!

Don't forget to eat some fresh manjarblanco!

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Cheers Terry says on Dec 2, 2008, 14:19:

We all need to meet up at a bar and get into a big "dueling ATM cards" shoot-out.

I bet my RBC International (.49% fee but smokin' international exchange rates) can kick ALL your asses... LOL

Cheers,
Terry

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yummyj says on Dec 2, 2008, 15:12:

let's see...my card...

NO fee
regular bank rate of the day. So, same as everyone gets.

Beat that.

Just because you have been to Colombia, that does NOT mean that you are anywhere near an expert on the place. Sorry. Truth hurts.

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mctraveler says on Dec 2, 2008, 15:37:

mine too....no fee that´s why i opened up a capital one account...but i think theres something in the fine details that says you must keep either a daily balance of $1000 USD or monthly cant remember but im covered

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ColombianoGringo (Moderator) (Trustee board) (☼Travelguide writer) says on Dec 2, 2008, 15:54:

My experience with Capital One has been that even if you don't keep the minimum balance, they only charge you $1.50 for ATM withdrawals in Colombia. The rates I've gotten have always been in line with the current TRM exchange rates. I only use the account for withdrawals in Colombia so I don't always keep the $1,000 minimum. It's still a good deal.

I'm so hip, I have difficulty seeing over my pelvis.

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Cheers Terry says on Dec 2, 2008, 16:25:

"... Regular bank rate of the day. So, same as everyone gets. Beat that..."

==============================================================

Regular bank rate? That's like paying retail. Only suckers pay retail. ;-)

Cheers,
Terry

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njc (Dev team) (☼Travelguide writer) says on Dec 3, 2008, 06:31:

Paisa, if you calculate 2296.8/2319.8 = 0.99008.

Paypal is giving you a rate that has 1% taken off from that of WAMU. Looks like a higher Foreign Transaction Fee built into the exchange rate.

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