ATM fee

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jistoner
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Re: ATM fee

Post by jistoner » Mon Feb 26, 2018 7:43 pm

tiagoabner wrote:
Mon Feb 12, 2018 10:29 am
I was at downtown Santiago earlier today and I had a couple of spare minutes around Moneda, so I checked out the Security Bank atm there. They're charging a $4.500 withdrawal fee, while Banco de Chile next door was charging $6.500 (!!). Banco Estado still charges $4.000, BCI was charging $4.790 and ScotiaBank still doesn't charge me withdrawal fees.

This shouldn't be news for anyone that withdraws money with any frequency at Santiago, but maybe it can help some newcomers.
Yeah.... Banco Estado lets me pull out more then 200.000, usually the amount of $600 US (360.000-400.000) which helps me out a lot from all these high ATM fees!

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tiagoabner
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Re: ATM fee

Post by tiagoabner » Mon Feb 26, 2018 9:26 pm

ScotiaBank is still the go-to option for me, but I've heard from some fellow forumites that it's charging them fees. Might be worth checking out, in case you're close by to a ScotiaBank, and otherwise Banco Estado is the best one due to lower fees plus higher withdrawal limit.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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mlightheart
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Re: ATM fee

Post by mlightheart » Fri Mar 02, 2018 10:03 am

Bice is still charging me 2500 with a limit of 200.000 per transaction. ScotiaBank is still charging me 3500 with a limit of 200.000 per transaction.
I haven't tried Banco Estado in a while. They were charging 4000 per transaction but it was possible to withdraw 400.000 in one transaction. But they had since stopped working for me and I could not use them anymore.

All of this information was verified by a friend of mine who has seen the same charges and also the issue with Banco Estado.

By the way, I am on the Co-op and Plus ATM networks.

Edit: Good point that my friend makes. My cards are from a US Bank/CU.

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tiagoabner
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Re: ATM fee

Post by tiagoabner » Fri Mar 02, 2018 10:12 am

Curiously, both Bice and ScotiaBank charge no fees for my card (Mastercard, from an US bank). Of course, it seems things are not consistent. YMMV.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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eeuunikkeiexpat
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Re: ATM fee

Post by eeuunikkeiexpat » Fri Mar 02, 2018 12:17 pm

US CARD (let's start adding country of issue at the beginning of every post here so we can better understand the situation)

Mastercard is usually but not always associated with the CIRRUS system.

Visa is usually but not always associated with the PLUS system.

To get a better handle on the situation:

(1) mlightheart
In the long ago past, BancoEstado did not work with PLUS system cards and around the time they started charging their fee (as they were once fee-free), they started accepting PLUS system cards.

Is your card and your friend's card on the PLUS system?


Need testers for BancoEstado ATMs, please list whether card is on the PLUS or CIRRUS system.


(2) tiagoabner

I assume your Mastercard debit card is on the CIRRUS system?


Need testers for BICE and Scotiabank ATMs, please list whether card is on the PLUS or CIRRUS system.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

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tiagoabner
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Re: ATM fee

Post by tiagoabner » Fri Mar 02, 2018 2:56 pm

Yep, mine connects to the Cirrus network and it's connected to my US bank account as a debit card. I've also tested at Scotiabank with my Brazilian Mastercard credit card and I wasn't charged fees. I hope that helps.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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mlightheart
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Re: ATM fee

Post by mlightheart » Fri Mar 02, 2018 7:31 pm

I guess one difference is that you have a US Mastercard which is on the CIRRUS network. My card is a US VISA on the PLUS network (and Co-Op network).

Yes my friends's US card is on the Plus System and also VISA.

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jistoner
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Re: ATM fee

Post by jistoner » Sat Mar 03, 2018 4:34 pm

I have a US Visa on the plus system!

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st130811
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Re: ATM fee

Post by st130811 » Sun Mar 04, 2018 2:08 pm

I have a US issued Visa/Plus card. BE lets me ask for up to 400.000, says it will charge me the fee, works at something for about 10 minutes before telling me it can't. Bank account shows withdrawal and immediate reversal. I don't know what that's about.
Banco de Chile 6.500
BCI 4.700
Haven't tried Scotia.

Mike

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eeuunikkeiexpat
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Re: ATM fee

Post by eeuunikkeiexpat » Sun Mar 04, 2018 2:11 pm

So a second report of a Visa/PLUS system debit card being turned down at a BE ATM.

Thanks.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

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tiagoabner
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Re: ATM fee

Post by tiagoabner » Sun Mar 04, 2018 4:19 pm

I have the impression that this may be related to how the ATM is setup. There's a Banco Estado close by at Ekono Bellavista that doesn't accept any kind of foreign card, including debit and credit. It's close to here and it's right next to a hostel, so I often see gringos trying to use it to no avail.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

bones
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Re: ATM fee

Post by bones » Tue Mar 06, 2018 3:13 pm

US issued Visa/Plus card

ScotiaBank ATM in Constitucion - $3,500 fee

Max withdrawal amount of $200,000

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