Get an ATM card that refunds the fees.
[QUOTE=TXGuy009;2296292]Looking for advice for lowest fees on obtaining COP. I am from the USA and have the option of getting it from my local bank. Just for reference, getting 2 million Pesos will impose a fee of about $40-$50 dollars. I have read you can get COP from the Airport ATM but limited to about 600,000 and the fee is $2-$3? Is this true? I know one can likely make multiple transactions and end up with 2 million for around $8-$12. I did something similar in DR but found that some of the ATMs ran out of money frequently.
Would you recommend I get it ahead of time and take a hit on the fee or wait and chance it for lower fees?[/QUOTE]Unless you have a low limit on your card (s) I would definitely wait. You can also change cash at a Cambio at I assume a better rate and no lower fee in Medellin. Avoid the Cambios at the airport, they have no fees but their poor rates more than make up for that. Remember a fee is only one part of the cost, a poor rate can cost you more than any fees. ATMs may charge up to three fees a local ATM fee, your bank ATM fee and finally a transaction fee (usually 1% to 3%). Your existing bank can advise you on what those banks charge in fees. Local banks in Medellin will charge fees (if I remember correctly) of $3 to $5 per transaction on foreign transactions. ATM exchange rate are based off the existing international bank exchange rate.
Schwab and Fidelity offer ATM cards that charge nothing for international ATM withdraws and even refund any local ATM fees. The Fidelity fees hits in a day or two. Schwab bundles them and give you one rebate with all fees at months end. I don't know how often you travel internationally, but I'm out of the country over 6 month a year. I have both these cards and they save me hundreds of dollars year in ATM fees. I think on both cards you can set the daily withdrawal limit and can take multiple withdrawals until you hit that limit. Amazingly Schwab has no minimum balance requirement. I'm not sure about Fidelity. At one point Capital One had an ATM card with a similar benefit but I'm not familiar with it. Plenty of ATMs in Medellin and the only time they may run out of money is on the weekend, especially Sunday. The airport has several ATMs and one always seems to have enough money to get me into town.
While I rarely need the withdrawal power of two cards, its nice to know if one is lost or stolen (I've had both happen internationally) I have a backup. My ATM card was stolen in Medellin and I lost on in the Atacama desert in Chile.
More of a concern in Medellin will be security. I tend to take money out of ATMs deep inside malls or the supermarket and never at night in an on the street ATM.
Calling a Medellin girls cell phone while in Medellin using Wifi and Tmobile carrier.
Can I get a straight answer? Tmobile told me I have to dial 011 57 then the local one digit code, then the persons seven digit number.
The girls are giving me 10 digit numbers beginning with 300 or 301 followed by 7 more digits. WTH? LOL.
Is it best to use Whatsapp?
Thanks in advance!
You are forgetting the country code.
[QUOTE=Bill;2296733]I have a USA Tmobile plan and have my USA phone with their Tmobile chip. Do you know the procedure to text a girl that gave me a local 10 digit number and I use Whatsapp on a Wifi connection?[/QUOTE]You need to type in the country code.
+57 xxx xxxxxxx.
To return to you they need to type +1 xxx xxxxxxx.