Alan wrote:That's been my experience, too. I remember not too long ago that withdrawals of up to $500 were permitted.
Yeah, Alan, part of the changes when they went to chip. Of course you can go into some banks and do a manual transaction for more $$ than ATM limit. As well, with currency rate rapid changes sometimes can get 500 soles, sometimes only 400. And Sundays might be different too? All because the ATM has a dollar daily limit, not soles. And Scotia Peru will blame the card limit, not true, it is the Scotia Peru ATM limit, originating country card limit is much greater.
Bright side, I too have taken the daily limit twice in one day (in different cities). I want to try some other options, but am a bit nervous the machine will eat my card.
Chante, have you tried ScotiaBank? My account has no fees and the Scotia ATM doesn't add a fee (using in other company ATMs does).
Also, no ATM card will give you the exact rate without skimming off the top, you just do not see it. In fairness, if you are not doing bulk $$ not likely you can get the best rate. But for fun, use this site to see what the difference. It uses mid-range (mid between high and low) so it is an imaginary number. http://www.xe.com/creditcard-charges-calculator/
Also I find best to use my MC world card (with no fees) at places like Plaza Vea and Metro because they are slow at doing the rate changes. Meaning I get a better currency exchange than withdrawing soles from the bank and paying them cash. Sometimes a negative rate, meaning they are paying me over the current rate
Nevertheless, the Cdn $ crash sucs.