I have just spent few months living in Buenos Aires. Researched the topic of ATM withdrawals and money exchange, and can confirm the following findings.
The smallest ATM fee is at Banco De La Nacion. It’s around 230 ARG (or 5 USD). All other banks charge 10 USD or more.
Max withdrawal limit: Up to 4000 ARG
Also, Banco De La Nacion seems to be the best place where you can exchange your foreign cash. Just don’t forget your passport.
Updated information here.
This is the way that I dealt with the problem:
My hostel also suggested using azimo to send money to a local pickup location although we were unable to try this as we were already away from those locations when it was suggested. I have also seen Xoom suggested which I was unable to test and finally supermarkets seem to do cash out at the till but this may be for Argentine accounts only.
For those who already hold USD in cash, taking your USD to Argentina and exchanging it for ARS at a Cambio is apparently a good option as well. As a holder of AUD I didn’t fit into this category.
It seems like all ATMs in Argentina are charging the crazy fees, and the linked site notes that your best bet is to get a credit/debit card in your home country that doesn’t charge/refunds international fees.
The author also notes that they were charged considerably more at ATMs outside of Buenos Aires, so at the very least you’ll want to consider drawing more cash in Buenos Aires before you leave the city.
An alternative way to obtain cash it is to exchange with fellow travellers at hostels, everyone’s usually keen if it works out for them, and you all win.
Credit:stackoverflow.com‘
5 Mar, 2024
5 Mar, 2024