General Info

[Dickhead]

Thank you. Sounds a bit risky for my tastes. Ouch.

[Mr Enternational]

WTF is 'tea bagging'? Or do I even want to know?

It is when you stand over someone and dip your ball bag into their mouth, as you would do a tea bag into a cup of hot water.

[Dickhead]

WTF is 'tea bagging'? Or do I even want to know?

[YippieKayay]

Wait. Don't you mean the ATM charge is in because gringos arent washing their butts and getting rimjobs?

I'm confused on the hygiene issue here.

[PirateMorgan]

Yesterday I went into the local Bancolombia office near my home here in Bogota. I asked them about the ATM charges when using a USA Debit card. They said that in Medellin there was a charge and in Bogota no! I demanded an explanation. This manager swore me to secrecy. Meaning I could not use his name but it was okay to quote him. He said, "The gringos in Bogota are classy guys, always use condoms and are very particular about washing there butts before asking for rimming". He said on the Medellin side. "The guys there need to be penalized for their unreasonable demands put on the daughters of the local families. Always asking for tea bagging, rimming and other disgusting things" For this reason the bank has instituted an ATM charge for withdrawals. He did say that this charge has not started yet and those dopes in Medellin don't know what they are talking about. I said I would defend the honor of the guys in Medellin and would also pay expenses for a Bogota blow job from one of Bogota's finest to anyone who could document being charged for a Bancolombia charge. He said Piratemorgan, you are a prince!

[Fun Luvr]

...FYI from my experience Banco Caja Social does not charge a fee and neither does Colpatria.

Last year Banco Caja Social charged a fee. I have not checked them this year, but I will do that tomorrow.

[Gimmedub]

Every night the central bank sets an official exchange rate. The local banks then implement that as their ATM reference point 48 hours after so xe.com rates takes two days (more over weekends / holidays) to show up at the ATM.

FYI from my experience Banco Caja Social does not charge a fee and neither does Colpatria.

Yesterday, being like a native of Medellin, I did some walking for exercise. I checked all the ATM's I could find on Ave Poblado between Calle 10 and near the Mansion. Three banks, Banco Caja Social, Citibank, and Bank of Bogota, have been charging fees for a long time, so I did not check them. Also, I did not check Bancolombia because I (and others) have reported their recent fees. The ones with fees, that I checked, are Banco de Occidente, Banco Popular, Servibanca, and AV Villa. The fees appear to be about 1. 9% of the transaction. They did not appear to be a fixed amount like Bancolombia, because on 600,000 it was 11,400, and on 700,000 it was 13,300. I did not check different amounts at the same ATM.

The two banks that do not charge a fee are Davivienda and BBVA, but there is something strange in their exchange rate. The closing rate on xe.com Friday was 2937/$1 (up 60 points), but both banks were giving 2862/$1 over the weekend and today. Earlier last week, the rate was tracking very close to the previous day's close.

And, for those curious, I am not spending all my time checking ATM's. I usually do money runs in the mornings and have the afternoons and evenings to enjoy Medellin's finest.

[Fun Luvr]

Yesterday, being like a native of Medellin, I did some walking for exercise. I checked all the ATM's I could find on Ave Poblado between Calle 10 and near the Mansion. Three banks, Banco Caja Social, Citibank, and Bank of Bogota, have been charging fees for a long time, so I did not check them. Also, I did not check Bancolombia because I (and others) have reported their recent fees. The ones with fees, that I checked, are Banco de Occidente, Banco Popular, Servibanca, and AV Villa. The fees appear to be about 1. 9% of the transaction. They did not appear to be a fixed amount like Bancolombia, because on 600,000 it was 11,400, and on 700,000 it was 13,300. I did not check different amounts at the same ATM.

The two banks that do not charge a fee are Davivienda and BBVA, but there is something strange in their exchange rate. The closing rate on xe.com Friday was 2937/$1 (up 60 points), but both banks were giving 2862/$1 over the weekend and today. Earlier last week, the rate was tracking very close to the previous day's close.

And, for those curious, I am not spending all my time checking ATM's. I usually do money runs in the mornings and have the afternoons and evenings to enjoy Medellin's finest.

[Sean EZ]

fuck me in the ass Colombia prison.

I certainly hope you aren't speaking from a personal experience Mr Sensible.

[JjBee62]

I retired 600,000 from Colcolombia bank ATM inside of Jumbo carrera 65 in front of Sudamericana train station. No fees were charged. The ATM says no fees for transactions and no fees were charged. BTW Jumbo is a nice superstore in Carrera 65 with a food court with over 15 restaurants, a lot of banks, pet hospital, Western Union, drugstore and movie theaters.

Yes it is. It's much nicer than Jumbo Las Vegas. Just stopped in for dinner on my way home from El Centro, than walked to HomeCenter for some necessary items.

[PirateMorgan]

No. Not gibberish. It seems that there are two different software systems at BC. If a bank statement from the USA Shows a rebate, then something must have been charged. In my 16 months here I still have not had such charges nor rebates. Alfred E. Neuman is at work here.

[JjBee62]

If you receive exactly the amount requested for withdrawal. Say 600,000. Then the bank has not taken this so called 12,000 fee (assuming the the payout is done at x-rates or close to the number). If the bank has not reduced the payout, as other banks here do, and the bank has no way to debit your USA Account, then how in the world can there have been a 12,000 peso charge. Again, what the screen says on the machine or what the printed receipt says means nothing. It is the actual number of pesos you have in hand. If you ask for 600,000 and get 600,00, no charge. If I remember correctly, Citybank actually reduces the payout by the amount of the charge and the payout is not as good as BC. If anyone has trouble. Come and use the ATM at carrera 15 calle 100 and stop by for breakfast. Pura Vida.

WTF?

Many times in the US and Canada I've had to use ATMs which specifically state there will be an additional charge to use the ATM. Each time I've had to click to approve the charge and continue the transaction. At no time did an ATM ever deduct $3.95 from my withdrawal and dispense $296.05. With my bank it has always shown up as an additional ATM fee.

Withdrawing the same amount from 2 different bank ATMs, minutes apart, the ATM which has a service charge has always charged my account more than the ATM without a charge.

I haven't found a Colombian ATM yet which dispenses 2000 peso notes, so it's going to be difficult for the ATM to deduct 12 k from the amount it dispenses.

[BoricuaOnline]

I retired 600,000 from Colcolombia bank ATM inside of Jumbo carrera 65 in front of Sudamericana train station. No fees were charged. The ATM says no fees for transactions and no fees were charged. BTW Jumbo is a nice superstore in Carrera 65 with a food court with over 15 restaurants, a lot of banks, pet hospital, Western Union, drugstore and movie theaters.

[Hilltopper]

The Bancolombia machines that I use in Cartagena and Barranquilla are now charging a 12 mil peso ATM fee. I have used the same machines hundreds of times over the past 11 years. That they are charging a 12 mil fee is new beginning sometime between November / December of 2017.

Whatever illogical reasoning one can concoct to state otherwise is pure gibberish.

I withdrew 600 mil pesos, I received 600 mil pesos, duh, but 612 mil pesos was deducted from my account. The beginning of the following month, my bank reimbursed Bancolombia's 12 mill ATM fee, as it is their policy to cover the cost of other banks' ATM fees.

This ain't rocket science.

[PirateMorgan]

If you receive exactly the amount requested for withdrawal. Say 600,000. Then the bank has not taken this so called 12,000 fee (assuming the the payout is done at x-rates or close to the number). If the bank has not reduced the payout, as other banks here do, and the bank has no way to debit your USA Account, then how in the world can there have been a 12,000 peso charge. Again, what the screen says on the machine or what the printed receipt says means nothing. It is the actual number of pesos you have in hand. If you ask for 600,000 and get 600,00, no charge. If I remember correctly, Citybank actually reduces the payout by the amount of the charge and the payout is not as good as BC. If anyone has trouble. Come and use the ATM at carrera 15 calle 100 and stop by for breakfast. Pura Vida.