PBH / Colombia / Forums (active) Travelguide Cheap hostels Pictures

Yikes! ATM Fees

ATMs that I have used for years are now charging a transaction fee and it ain´t cheap: $5.500. I´m only aware of two, Bancolombia and Davidienda that haven´t joined the trend yet but even they show the verbage for it on the screen so I guess it´s just a matter of time

By Atrevido on Oct 26, 2009, 15:01 in Friendly Talkzone.

Miguel_Clavo says on Oct 26, 2009, 15:03:

BofA are the biggest crooks outside of Congress when it comes to ATM fees..

RVW orderded me to remove my tagline congratulating the PBH Mods New Golden Boys. Lame.

0 funny, 0 helpful.

Paisa/Calena/Luver says on Oct 26, 2009, 15:08:

WAMU was acceptable at 1% flat fee, now that its Chase its 3% plus a foreign transaction fee.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

0 funny, 0 helpful.

theflatline says on Oct 26, 2009, 15:11:

But on the flip side you can open a bank of america account without providing a social or being a citizen.

Legaleez for Complete Morons - A book for gringos in Colombia for who think they understand the nature of the law in a country where they cannot speak the language.

0 funny, 0 helpful.

davidyamiga says on Oct 26, 2009, 15:38:

To every coin, there is a head and a tail. Everything in life, has a good and a bad side.

Otra vez en casa...Cali!

0 funny, 0 helpful.

viajero123 (☼Travelguide writer) says on Oct 26, 2009, 19:47:

True, Servibanca had never charged and they are now charging $5.500. Hope ti doesn't become a trend. Anyone else experiencing charges from the Colombian ATM?

0 funny, 0 helpful.

pilotguy says on Oct 26, 2009, 19:58:

Go to Fidelity.com, no fees, Joe

0 funny, 0 helpful.

viajero123 (☼Travelguide writer) says on Oct 26, 2009, 20:08:

I think the OP is referring to the fees charged by Colombian banks, not by the US bank.
It is common knowledge on PBH that certain debit/credit/ATM card don't charge fees when used abroad. But the ATMs abroad can still charge fees. Up until recently, Colombian ATMs didn't seem to charge. Anyone receving charges from the Colombian ATM?

0 funny, 0 helpful.

davidyamiga says on Oct 27, 2009, 05:12:

I have gone to Citibank and Bank of Bogota. No fees.

Otra vez en casa...Cali!

0 funny, 0 helpful.

pilotguy says on Oct 27, 2009, 08:13:

fidelity.com will refund any foreign atm fees, I meant it when I said, no fees.... joe

0 funny, 0 helpful.

mikeinpuerto says on Oct 27, 2009, 08:37:

the bank fees in colombia are outrageous .....the banking system is setup to get money from you ..the systems between the branches of the same bank are atrocious ........all in all buy Bank shares in Colombia ... They cannot loose money on the fees they charge .....

Smile and everyone will wonder what they are missing.

0 funny, 0 helpful.

jimmymcc says on Oct 27, 2009, 14:48:

As far as I know the Colombian banks charge as well, but it shows up in your statement, either monthly or every quarter,all part of the hidden extras.
As for the Servibanca cash points that charge comes from visa even if you don't have a visa card, I checked it out with the Nationwide in the UK, they were not aware of the charge as they pride themself on not charging customers .

0 funny, 0 helpful.

viajero123 (☼Travelguide writer) says on Oct 27, 2009, 14:58:

mike, true! I bought Helm Bank shares and they have done pretty well, and also have a nice dividend!
But at least they were not charging for using their ATMs up until Servibanca and apparently a few other started charging.

really pilotguy? do they have a max amount that they refund?

0 funny, 0 helpful.

panthdave says on Oct 27, 2009, 16:32:

HSBC near Parque Poblado...Gives a notice of 5500COP....BBVA at the airport gave a notice but did not show the amount but when I used did not deduct any fees...Citibank No Fees....We are taking about the ATM/Withdrawal Bank....Capital One never charges ATM Fees International or Domestic but they will not responsible for the otherside...

Might be a trend..Now BancodeBogota,BancoPopular,BancoAvillas,BBVA are with the ATH Network...So I would think this would be up to the ATH network if there going to start charging fees....Colpatria did not charge any fees last month..but I am only using citibank for now on anyways..I don't like the security at the Colombian Banks ATMs except Citibank...and Citibank ATM's are newer and you can withdraw million pesos in one shot...

panthdave Miami

0 funny, 0 helpful.

davidslc46 says on Oct 27, 2009, 17:01:

Citibank ATM's are newer and you can withdraw million pesos in one shot...

This is true. I pay $5 foreign transaction fee to my card company but when you can get $1000 USD out in one transaction it does not hurt that much.

David

0 funny, 0 helpful.

davidyamiga says on Oct 27, 2009, 17:02:

David...I am only able to take out 800,000 pesos. They changed recently.

Otra vez en casa...Cali!

0 funny, 0 helpful.

davidslc46 says on Oct 27, 2009, 17:10:

davidyamiga says on Oct 27, 2009, 17:02 (today): flag

David...I am only able to take out 800,000 pesos. They changed recently.

David

Change machines until you fiind one with money and then it will give you 2 million. I thought the same thing a few months ago and it took me a few times to Citibank San Diego and El Poblado to figure out that is what the machine reverts to when it is low on cash.

Now I just cancel the transaction and then try other machines. Only once did I have to try three to get back two million.

David

0 funny, 0 helpful.