Comments on: Panama Banks Issuing New ATM Fees

By: Ron

Ron — Mon, 21 Apr 2008 01:29:30 +0000

I’ve never received a charge in the past when I transferred form my US account at Banistmo’s atm but I’ll check when I get back next month.

By: Don Ray

Don Ray — Sat, 19 Apr 2008 20:31:26 +0000

Hi Pantah, I wonder why your CU is doing that? I wish mine would. Maybe I need to move my account to your CU.

Hi Dan, Yes, it is for withdrawals outside the US. I just did some checking and a person I know that has an account in Costa Rica gets charged .004 per dollar withdrawal from a CR bank.

By: Dan Miller

Dan Miller — Sat, 19 Apr 2008 19:33:19 +0000

I assume that the “Cross-Border Fee Assessed” applies to ATM withdrawals only from accounts outside Panama. Is this correct? We are still charged eighty-five cents for usage of ATMs other than our bank’s, and nothing from our bank’s ATMs.

Dan

By: Pantah

Pantah — Sat, 19 Apr 2008 19:29:30 +0000

Still free for me with my US credit union. I get charged a $1 fee from Panama banks here and a day or two later my credit union issues a $1 credit. Been this way for a long time.

Maybe the Balboa/Dollar exchange rate slipped. Just kidding.

By: Don Ray

Don Ray — Sat, 19 Apr 2008 13:10:13 +0000

Interesting that you have been receiving this charge for four years and my charges started this month. Maybe I shouldn’t complain.

By: John

John — Sat, 19 Apr 2008 13:05:33 +0000

I’ve been using Banco General. My withdrawal slip will show $300 but when I get my bank statement it will show $302.40. It has been that way with me for 4 years.

Now that a penny is worth 2 cents because of the value of the metal content, I am going to start paying in pennies.