Who gives a better exchange rate for Canadian dollars? Cambio or ATM? I'm thinking the ATM might be better since there's no physical cash trade involved. Cambio might take a couple of points to handle cash.
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Who gives a better exchange rate for Canadian dollars? Cambio or ATM? I'm thinking the ATM might be better since there's no physical cash trade involved. Cambio might take a couple of points to handle cash.
I would go to the fx/trader to cash your Can$. its the best rate of the cambios. its in the same building as western union next to the high low entrance.Last year i had 3 cards compromised in the machines.
Agree that you must take care with your cards in all machines. I take the same precautions as I do at home... I am able to "turn off" my card, and do so whenever not in active use. I have yet to run into an issue, but know that you must be cautious of this. I've only used abm's when necessary.Quote:
Originally Posted by Boogzy
Justin...it depends on the type of bank account you have.
Some don't charge fees, some do. If your bank doesn't charge you any fees or a minimal fee...use the ATM/ABM here.
If you're charged fees...use one of the cambios here.
I know scotiabank offers a debit visa bank card.
when used in abm or any establishment that accepts visa there are no fees and exchange is at bank rate.
We use it everytime we go and never had issues.
but withdrawals must be thru the atm not at the teller.
Also I wouldn't bother bringing Can $, bring US or bring Ja.
Does this apply also to exchanging USD$ ??Quote:
Originally Posted by Boogzy
All summer long FX Trader had lower exchange rates than the other Cambios... It has been a crazy year the foreign exchange!Quote:
Originally Posted by jamman
All the ATMs in town have been replaced and upgraded this year...Quote:
Originally Posted by Boogzy
Here's my post on the topic from a couple of years ago. Although the exchange rate was different last year, the overall results were the same: withdrawing from an ATM was best, even though my credit union charged me $1.50 US per transaction, as long as I did relatively large transactions ($250. US). If you mistakenly withdraw $300 JMD when you mean to withdraw $300 USD, the fees will be greater than the amount of cash you get.
https://negril.com/forum/showthread....l=1#post174566
Personally, I have never had an issue with fraud on my ATM card, but then I use only bank ATMs and never a third-party ATM at a store etc.
As a Canadian, I've yet to understand Canadians bringing US...just change your Canadian money to Jamaican.Quote:
Originally Posted by Weeboy1
any one more recommended than others for exchanging USD$ ?Quote:
Originally Posted by Rob
Not really.
Unless you are changing a whole lot of currency at one time, the difference between all the cambios currently is pocket change...
It really depends on your bank. I use ALLY online bank. With my debit card, I was getting $132 (out of $136 international rate) back in sept after charges were applied when using it at a Scotia bank ATM. I've never had issues with my card being compromised. If you can join an online bank in Canada (like Tangerine or PC Financial), I'd advise to do so since their rates tend to be better with the lower overhead they have (it's easy to transfer money to that account before you travel).
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I agree, just bring Jamaican $. However some people for whatever reason prefer not to deal in foreign currency and the USD is acceptable and usable in negril , Mexico etc. Canadian currency not as acceptable nor usable. That was my pointQuote:
Originally Posted by Bnewb
Ya...but my point is :) ...you don't have to bring US currency as a Canadian or a Brit ect...just bring your own countries currency and exchange for Jamaican currency.Quote:
Originally Posted by Weeboy1
Why spend the time and extra fees exchanging to another countries currency (CAD to US) first?
Obviously, everyone takes Jamaican currency here... :encouragement:
Yep, I agree... like paying a middleman!Quote:
Originally Posted by Bnewb
For years I used the Cambio but in the last couple I learned the Negril bank machines take debit and the rates are great. Limit your withdrawals to 30000J and you only pay one service charge. I have also found that the machine in the bank at the Sunshine plaza had the best rate.
Not talking about exchanging Can. To US and then to Ja.Quote:
Originally Posted by ukran1ans
I was referring to the travellers who Do not wish to use Ja currency and prefer one they are familiar with.
What I was trying to get across was if that is your intent Canadian currency is not readily accepted on the street level.
Would never suggest conversion from can$ to us$ and then to ja$