I am travelling in Colombia and I would like to share my experience and ask for recommendations while travelling in Colombia.
My base currency is DKK.
I withdraw money 3 times as they charge 4% when you use cash here.
I took money from
Banko Colombia (max 400,000 COP and they charge 14,000 COP
BBVA (max 300,000 COP, once I was not charged fee for withdrawal but the second time I was charged about 2USD, don’t know how it really works).
Have you tried any other banks here?
My another question is, do you think I should keep all the money in my base currency which is DKK and let it be exchanged to COP (the exchange rates varies a lot) or change to completely other currency for instance USD and let be exchanged from it.
I couldnt add my virtual card nor physical card to uber but you can pay in cash to drivers. It is way better than taking taxis here that are 2x more expensive.
I’ve been traveling for the last 2-3 months in Colombia and I found that all Davivienda ATM’s don’t charge any fees if you withdraw from your “checking account”. Also there is no fees when you pay at any store, sometimes you get asked if you want to be charged in GBP or COP, always select COP.
Wow, that’s a very bad rate, almost a 6% difference from the Mastercard rate!
If you press decline, does it cancel the entire transaction? If yes, then that means the ATM is forcing DCC which is very bad.
See if you can find some Colpatria or BBVA ATM’s, I heard some of them don’t have fees.
Banco Caja Social is what I usually use since it has no fees, however, I’ve never tried it with a Revolut card so I can’t confirm if it works or not.
I know! Yes… It cancels it all!! I will try with those ones, thanks! I read BBVA sometimes charges that is why I was avoiding. Also I am using ATMs from the list of mastercard accepted ATMs that Revolut gave me.
Banco Caja social is super good as is free and allows more money at once, it works with other Visa card I have but not Revolut
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