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Banking & Storing Cash In South America

 
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localabel



Joined: 05 Aug 2014
Posts: 9

PostPosted: Mon Sep 08, 2014 1:23 am    Post subject: Banking & Storing Cash In South America Reply with quote

A friend of mine just got back from living in Rio de Janeiro for a couple of months. When flying into Santiago, Chile, he used an airport ATM. The ATM was hacked and all the funds in his checking account were wiped out.

I asked my friend how to avoid this from happening to me when I go to live in Peru. He told me that it was best to only use ATMs located inside banks. Any truth to this?

Also, I have read that many of the ATMs charge fees to withdraw cash. Is there a way to avoid withdrawal fees?

Is it possible to set up a checking account in a foreign bank? Would it not be easiest to withdraw money straight from your regional South American bank?

Thanks for the help!
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Mon Sep 08, 2014 1:49 am    Post subject: Reply with quote

Best to post this in the South America forums.
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