[QUOTE=Gallant555;1895889]Hi,
Has any one used the MDE airport ATM? There are 2. Based on forums, second floor ATM gives better rates. I was wondering what is ATM limit (maximum withdrawal)?
Any information on ATM is appreciated!
Thanks![/QUOTE]I have found that different banks have a slightly different rate at their ATM's. The ones at the airport will give you the same rate as the same bank's ATM's at other locations. On the first floor (arrival floor), there are two Bancolombia ATM's. They do not charge a fee and the rate is competitive with other banks. I do not know what the max withdrawal is. At Bancolombia, I always withdraw 400,000 COP because that is the highest pre-selected amount. Since my bank (Schwab) does not charge any fees, I make multiple withdrawals if I need more money. Many times, there will be people waiting to use the ATM, so I make the fastest withdrawal (pre-selected amounts). If you hesitate during the transaction, like 10 seconds, the transaction will time out and you will have to start from the beginning.
Someone else mentioned that usually your bank sets the exchange rate. I doubt that because I have received different rates at different banks within minutes of transactions. Of course, that could be hidden fees built into the transaction. Most of the Colombian owned banks do not charge an ATM fee.
