US bank recommendations?

misterfinger says on Oct 10, 2009, 19:05:

TRY BOA THEN...

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misterfinger says on Oct 10, 2009, 19:48:

more babies please woof im hungry now

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Paisa/Calena/Luver says on Oct 10, 2009, 19:51:

Really do a search, just type in like "no fee cards" or Bank charges, or Bank Fees... there will be pages of info.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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Bill Turley (Moderator) (Trustee board) (☼Travelguide writer) says on Oct 10, 2009, 20:22:

wabbits says on Oct 10, 2009, 20:36:

Well i'm a US resident also... so if anyone has the Paypal card and likes it, please let me know.

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Paisa/Calena/Luver says on Oct 10, 2009, 20:42:

I have one, its a $1 flat rate per transaction but only a $400 usd per day transaction. You must transfer money from your banking account to your paypal debit card. It is not instantaneous and can take like 4 or 5 business days. The exchange rate also seemed to be slightly lower than using my Wamu card at the time... Get a Fidelity Smart Cash Card.. No fees whatsoever and excellent exchange rate. Transferring funds can take a week though.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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scumbuster says on Oct 11, 2009, 04:50:

I like National InterBank. You can apply online. It has 0% international exchange fees. and no ATM fees. It will also reimburse your account if the ATM bank has fees.

Tomas Jefferson “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

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Mephisto410 says on Oct 11, 2009, 04:51:

I knew you could do it PCL, giving the OP a helpful straight forward answer; perhaps there is hope for you yet!

Induite vos arma Dei ut possitis stare adversus insidias diaboli

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Allen Parker says on Oct 11, 2009, 07:54:

Hey wabbits,Try Citi-bank they're worldwide....I know they have branch in Poblado

Without change we all die!

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viajero123 (☼Travelguide writer) says on Oct 11, 2009, 10:38:

Paisa/Calena/Luver says on Oct 11, 2009, 11:33:

"I knew you could do it PCL, giving the OP a helpful straight forward answer; perhaps there is hope for you yet!"

Yep once in while, never with you though because we like playing the game. :) and p.s. Who are you to judge?

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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larryrn says on Oct 11, 2009, 14:49:

I second Capital One. No transaction fees period. BOA I have too - but it's 3% plus $5 per transaction which sucks. So for me, Capital One is the only way.

Your Source for Nursing CEUs - www.RN.ORG - www.RNCE.US - www.EnfermeriaSite.com - www.Enfermeria.US

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throwingcopper33 says on Oct 12, 2009, 10:12:

I know there are very few options that have no fees for foreign exchanges in Colombia. I have BOA, and like larryrn says... they have the $5 flat rate on any withdrawl in Colombia. Someone did mention to me, that Capital One has no transaction fees. I used my Capital One credit card, and was charged for any transaction in Colombia. This could have been because it was a credit card, and not a debit card?? I dont know.

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Paisa/Calena/Luver says on Oct 12, 2009, 11:13:

TC, get a Fidelity Card, Interbank card or PayPal $1 flat rate per usage... Forget all of the other crapola.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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larryrn says on Oct 12, 2009, 12:49:

For clarification - I use a Capital One Rewards Credit card (for charging food and gas) and no foreign transaction fee and a Capital One Money Market ATM card again with no foreign transaction fee period. The conversion rate is slighly above the TRM rate (conversion rate) than I see in my foreign conversion box that comes with Vista.

There are no extra fees period with Capital One.

BOA has a $5 charge plus foreign conversion transfer fee.

Larry

Larry

Your Source for Nursing CEUs - www.RN.ORG - www.RNCE.US - www.EnfermeriaSite.com - www.Enfermeria.US

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maynard7 says on Oct 13, 2009, 13:25:

Capital One Interest Bearing checking account does not charge a transaction fee to use the card outside the USA. Also Charles Schwab Bank is the same. Both of those companies also have credit cards that don't charge foreign fees. I'm satisfied with these 2 companies

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oneforyourmillion says on Oct 13, 2009, 14:30:

I think a Citibank account is your best bet. BOA? No way, fees too high. I might add I have that account and once the card comes expired or lost they are really good at sending you another one express mail even to Colombia. Problem is you have to go back to the US and use it in an ATM there to activate it. Just a little something to prepare for.

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Paisa/Calena/Luver says on Oct 13, 2009, 14:52:

Citibank is 3% and a foreign transaction fee UNLESS its a citigold account and I think you need a minimum of $150k in that account.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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oneforyourmillion says on Oct 13, 2009, 15:01:

I beleive the transaction is free if you use a Citibank in Colombia to make your withdrawel. Wrong? jiji

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Paisa/Calena/Luver says on Oct 13, 2009, 15:02:

Used to be that way ONE but that was scrapped like 2 years ago.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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gamm2 (☼Travelguide writer) says on Oct 13, 2009, 15:03:

Brian858 says on Oct 13, 2009, 15:26:

I got tired of paying the Citibank 2.7% fee using the card at their banks in Colombia. I just opened a:

Fidelity - mySmart Cash Account
Capital One - Direct Banking Account
Interbank - Checking Account
Paypal - Business Debit Account

From reading the forum these are the cards that are suppose to have "No Fees" I'll be back to Colombia next month to try them all out and report back.

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Brian858 says on Oct 13, 2009, 15:26:

duplicate entry - removed.

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oneforyourmillion says on Oct 13, 2009, 16:02:

Well that sucks about citibank. So probably the paypal is the best way to go.

But really screw using a bank. I got to tell you there are so many things that can be imported here from the states that there is no need to go to the teller machine. I only wire money out these days. I have not been to a teller in a long time.

Wholesale retail whatever if you need some help bringing it in let me know. For a small fee I will take care of it for you.

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oneforyourmillion says on Oct 13, 2009, 19:00:

Glad your happy for me, after all I am all that counts. JAJA

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Brian858 says on Nov 7, 2009, 17:07:

I tried the Capital One card today and withdrew $300,000 COP and was charged $153.20. El Tiempo states the TRM today is $1981.61. So I divide 300,000 by 153.20 and I get an exchange rate of $1958.22. Does this look right to the Capital One users?

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jcf says on Nov 19, 2009, 05:01:

Brian,

Seems a bit low. With my Cap1 ATM card, COP 120K cost USD 61.56 on 11/18/09 which yields an exchange rate of 1949.32. Oanda, XE and TRM are all quite close to that. I don't know if you need to use the prior day's value nor if the hour of the day makes a difference.

Have you done an experiment of making withdrawals from the same ATM in the same hour using all of your cards to compare rates?

I did an experiment in Oct withdrawing the different sums from different ATMs using the same Cap1 ATM card in the same hour. I scaled the the results and the exchange rates were identical. So I inferred that the exchange rate is determined not by the ATM's bank but by the Plus network (Visa) and that there are no hidden fixed fees.

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