What bank gives you the best exchange rate in Colombia??

ColombianoGringo (Moderator) says on Feb 11, 2009, 10:17:

That's an awful rate. Are you sure that's current? Most banks base their rate on the current TRM(representative market rate) which is currently at 2494. BofA should be close to that.

If you live in an area with Capital One branches, you should get an account with them. They don't charge any fees and they give you the TRM rate for your ATM withdrawals.

I'm so hip, I have difficulty seeing over my pelvis. - Zaphod Beeblebrox, Former President of the Galaxy and inventor of the Pan Galactic Gargle Blaster

0 funny, 0 helpful.

expatriate says on Feb 11, 2009, 10:20:

If you use a Colombian ATM, as far as I can tell, the exchange rates among Colombian banks are all the same.

What you should have is a favorable U.S. bank account that does not charge any international fees. Once again, Affinity Bank in Ventura, Ca. and National Interbank in Indianapolis offer free checking accounts with no international ATM fees, and they can be opened by mail.

Your comment on Bank of America's rate being 2100 to 1 probably means that if you want to buy Pesos in the U.S., that is their going rate. The rate at Colombian ATMs right now is around 2500 to the USD.

You better take care of me Lord, if you don't you're gonna have me on your hands.

0 funny, 0 helpful.

tasco66 says on Feb 11, 2009, 10:34:

Citibank does not charge ATM withdrawals with my Visa Debit Card, has always given me a good rates and allowed me to withdraw up to the limit of my card.

Newsweek on Uribe: "he's delivered the trifecta of peace, security, and prosperity"

0 funny, 0 helpful.

scumbuster says on Feb 12, 2009, 05:19:

I need to check out what happened with the exchange rate my mother in law got yesterday. She went to the ATM yesterday and only got 2448. I was expecting it to be about 2500

Tomas Jefferson “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

0 funny, 0 helpful.

agucho says on Feb 15, 2009, 01:40:

Ill tell you for sure, DAVIVIENDA or BBVA, sometimes BANCOLOMBIA pays good. remember you never get to official price, you get about 200 pesos below the official.

0 funny, 0 helpful.

Brian858 says on Dec 15, 2009, 17:41:

Update on the ATM fees using the National Interbank card. http://nationalinterbank.com/nib/

Re: ATM/Debit card

You may withdraw funds at any of the over 300,000 NYCE or CIRRUS Terminal machines across the U.S. and abroad. Your daily limit for cash via the ATM is $400.00, the debit POS is $1500.00. We will reinburse $4.50 per month for any fees you are charged.

http://www.youtube.com/harringtonb

0 funny, 0 helpful.

kevinincali says on Dec 29, 2009, 03:24:

Affinity Bank in Ventura, CA has been closed. Here's a snippet from the FDIC website.
"On Friday, August 28, 2009, Affinity Bank, Ventura, CA was closed by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. "

The FDIC website is http://www.fdic.gov/BANK/INDIVIDUAL/FAILED/affinity-ca.html

Hope this helps.

PM me if you need to consult with an experienced immigration lawyer licensed to practice in all 50 US states.

0 funny, 0 helpful.

rjstuff says on Dec 29, 2009, 08:58:

I have beeen withdrawing from different ATMs the last 4 weeks and the best I got was 2045 - most gave 2000 - so I don´t know where you can get better rates - I have used Davivienda, Bancolombia among others. Though I am happy that the rate is not 1900 as it was a few months ago when i sent a large chunk of change for renovations here!

0 funny, 0 helpful.