ATM ~ Cajero Automatic: using your ATM card in Ecuador Tip #1
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You probably know that Ecuador is more of a cash society than a credit card society. You also probably know that bills of $5O and $1OO are very difficult to cash here into small denominations and anything larger than a $2O may not be acceptable
You certainly do not want to travel with a pocket full of bills so the best thing to do is bring your ATM card. And if you can, have a second account on back up since there are daily limits.
*IMPORTANT* Be sure and notify your bank using the phone number on the reverse of the card that you will be accessing your account from another country. Using your card from a foreign location will trigger a red-flag and may block your access to your funds if they have not been notified.
Just a note ~ travelers checks are very hard to cash these days and many locations no longer accept them due to the high level of fraud and counterfeit checks being passed.
Susan
www.TheOceanHideaway.net
Submitted on May 14, 2013 - Category: Expat Finance, Network: Ecuador
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OceanHideaway
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