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Local Items: ATM vs. Traveler Checks.
Bonaire Talk: Local Items: Archives: Archives 2001- 2004: Archives - 2003-05-01 to 2004-06-30: ATM vs. Traveler Checks.
Top of pagePrevious messageNext messageBottom of page Link to this message  By Bill LaBarge (BonaireTalker - Post #15) on Friday, April 2, 2004 - 12:52 pm:     Edit PostPrint Post

I have traditionally used traveler checks in Bonaire because they have gotten the best exchange rate. But as anyone who does the same knows, you can spend a whole morning in line.... so I was just wondering if anyone knows the difference in exchange rates between t checks and the good ole ATM....

Please and thank you (Capt. Kangaroo) at 8 days and counting..... yes!!!!!!!!!!!!!

 

Top of pagePrevious messageNext messageBottom of page Link to this message  By michael gaynor (Extraordinary BonaireTalker - Post #1742) on Saturday, April 3, 2004 - 12:02 pm:     Edit PostPrint Post

It depends on where you use your card. All our credit card charges are in US Dollars except for local debit cards. Some stores us 1.75, some 1.77 and still others 1.78. Travellers checks are only 1.78 at banks so stores are free to use what ever formula they use for $'s

 

Top of pagePrevious messageNext messageBottom of page Link to this message  By Ruth van Tilburg (Experienced BonaireTalker - Post #198) on Saturday, April 3, 2004 - 6:01 pm:     Edit PostPrint Post

I use ATM's everywhere I go, for the convenience of pressing a few buttons. Buying the traveler' cheques, filling them out, recording the numbers, presenting 2 forms of photo ID's....eh-why bother? I also consider it a form of safety, because I do not have too much cash at any given time. It's a personal thing and depends upon your comfort level.

The ATM's here will give you either US$ or NAfls.--use your ATM card & take out NAfls every few days as needed. Your own home bank will probably do the conversion at 1.78 & charge you for using an ATM that's not theirs. Since our currency is pegged to the US$, you won't find wide ranges of exchange rates like you would if you were getting out pounds or euros. The most we're talking about here is the difference of .03, between 1.75 & 1.78.

For me, it's just the opposite--I use my Bonairean ATM card to w/d US$ while in the states--(or for euros in europe, etc.). With a non-fluctuating exchange rate for the $, my bank here charges me 1.82 to buy dollars, and an ATM service fee of fls 4,20 (about $2.35). I find this totally worth it.

 

Top of pagePrevious messageNext messageBottom of page Link to this message  By Corney Ann Carter (Experienced BonaireTalker - Post #210) on Monday, April 5, 2004 - 10:54 am:     Edit PostPrint Post

I use the travelers checks. No bank charges on them. Just don't go to the bank on Monday morning when the lines are bad.

 


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