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Thread: Newbie money question

  1. #21
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    When we researched our first trip we were concerned about relying on ATM's because of some of the issues others had run into. About a month before we left we contacted our banks to let them know we would be traveling so they wouldn't put a hold on our accounts when they saw a foreign transaction. We brought enough cash to survive on should we run into banking issues. We also brought plenty of US 1's and 5's for tipping (We were told small JA bills can be hard to come by and it was often the case). We exchanged a very small amount at the airport (bad exchange rate) so we would have some JA on us when we landed. We exchanged the rest of our cash at a cambio the next day. We both used 2 different ATM's with 2 different bank cards without any problems. We brought a small amount of JA home for next trip. Both banks charged us a $5 foreign transaction fee and one of the banks charged an additional fee based one a percentage of the total amount withdrew (I think it was 3%). You're bank should be able to tell you what fees they charge. I found this information right on our banks website but also confirmed it when we informed them of our travel plans.

    Next time we may bring less cash with us and rely on ATM's a bit more. I wouldn't worry about it too much. Just make sure you notify your bank and know your fee's. Bring enough cash to get you threw a couple of days just in case and use the cambio's to exchange any of your money and you'll be fine.

    That's my 2 cents.
    Last edited by Kevin, PA; 03-11-2012 at 01:42 PM.

    Blue Cave Castle '12, '13 '14 '15 '16 Catcha Falling Star '13 Boardwalk Village '14 '15

  2. #22
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    I hate having to go to the bank/ATM while in Negril, especially the bank. You stand in line forever....!

  3. #23
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    I personally prefer the cambio option. Banmarc on the West End was never a wait and the rate was always good. Hop in, hop out and on your way. I do have to say it was hot as hell in there the first week of October.


  4. #24
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    Our preferred method is to bring Travelers Checks (get them with no fee as a AAA member) and cash them for $J at a cambio. We use the FX Trader at the HiLo since we go there several times each trip for supplies anyway. I've also used the cambio by Bourbon Beach and one on the west end but prefer the FX Trader. There is an FX Trader on the hip strip in MoBay so you can skip the bad rate at the airport.

  5. #25
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    We've also done the TC option on one trip. I definitely felt safer using them, but I just really hate having to go to the bank or cambio to use them.

  6. #26
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    Holy Cow!!! So many options not sure what I am going to do. Maybe try them all and see what I like doing better.

  7. #27
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    Quote Originally Posted by Ras Walleye View Post
    Our preferred method is to bring Travelers Checks (get them with no fee as a AAA member) and cash them for $J at a cambio.
    That has been our choice also for many years. We do stop at a great shop on the hip strip that has a wonderful supply of the latest Jamaica T-shirts and a great exchange rate. Usually exchange enough to get us through a Mega Mart shopping adventure and at least 2 days of fun in Negril.

    Does any one know if the prepaid Visa / Mastercards charge a "foreign transaction fee" or do you get to use 100% of your money ? ?

    Thanks to everyone for the great credit card info. Will have to get one of those for the next trip as we leave this Friday for Negril ! !

    See you on the beach ! !

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