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strategy to exchange $ for COP in Colombia?
#7

strategy to exchange $ for COP in Colombia?

Quote: (07-22-2010 11:48 PM)gringoed Wrote:  

Get a Schwab Investor Checking Account.

http://www.schwab.com/public/schwab/bank...g/checking

You will freaking love it

-No foreign transaction fees
-All ATM fees get reimbursed to you
-Online Banking
-Its VISA, so use at pretty much any ATM around the world.

I use paypal debit card which charges a one dollar withdrawal fee with the same exchange rate has very other VISA debit card I have without the 5 dollar transaction fee.

I usually look for a BanColombia ATM because they let you withdraw 400,000 pesos at a time while some other banks limit you to 300,000 peso per withdrawal.

They daily limit for cash withdrawals on a paypal debit card is $400 but if you get a second card on the account you can withdraw up to $800 a day from just one account.
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