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Thread: Newbie money question

  1. #11
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    Thank you all for the responses, suggestions and map (the map is great). When I started investigating Scotia Bank last night I realized it was not an easy process and have abandoned the idea for that unless we become frequent travelers to Jamaica which I "think" we will. Right now I only get one vacation a year and Isla Mujeres is where we have spent our vacation for years. I wanted to try something new this year and the Negril area seems to be perfect for an alternate vacation. I am not a anal person but when it comes to planning a trip I guess I am a little anal.
    I have found over the years that "prior planning prevents poor performance" which equal's no stress during the vacation itself and importantly no time wasted trying to figure out something "on vacation" that could have been figured in advance.
    Sounds like the ATM and using the J will be the way to go. I was only stressing about the ATM after reading the trip report Paradox in Paradise and the problems Guirigay had with and ATM not accepting his card and having to spend hours in a bank. I definitely want to avoid that type of problem! I have always simply let my bank know where I am traveling out of country and the dates and have never had a problem with my bank card being accepted. Just didn't know if Jamaica banking/ATM's presented some problem I had not every run into before.
    When we both are retired (which is not that far away) we will have more vacation time and splitting between Jamaica and Isla Mujeres look appealing but I will know more after this "first" vacation to Negril.
    Thanks again,
    Larry

  2. #12
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    I wish us Yanks could open accounts with Scotia here in North America. It would make things so much simpler. I live in Minnesota, which is almost Canada, but almost counts for nothing...

  3. #13
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    Bank of America ATM card can be used at the Scotia Bank, no fee. Somehow thay are associated so, unless there's been a change, a BOA account is helpful in accessing your cash back home.

  4. #14
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    In the past we have been charged a "foreign transaction" fee for ATM AND credit card transactions while in Jamaica ............... percentage has been as high as 5% of the total transaction .............. these fees were over and above the usual fees charged for using another banks ATM ................... the games played with these fees led to a class action lawsuit which was recently settled and resulted in payouts to affected people, myself included .............. if there are credit cards and bank accounts that do not charge theses fees, please list them so visitors to Jamaica can maximize their vacation experience and not be forced to pay theses fees to the big banks.

  5. #15
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    That would be great Captain Oil. I hope someone has that information but very doubtful anyone will. I have never used an ATM in Jamaica but planned to this year. Wasn't sure what the charge was going to be so sounds like I had better check it out first. If they are that high I w


    ill probably just take cash which doesn't thrill me all that much.
    Last edited by Jimmy Ricketts; 03-11-2012 at 10:55 AM.

  6. #16
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    Quote Originally Posted by Captain Oil View Post
    if there are credit cards and bank accounts that do not charge theses fees, please list them so visitors to Jamaica can maximize their vacation experience and not be forced to pay theses fees to the big banks.
    Capital One World Card and Chase Sapphire Preferred have no foreign transaction fees. Some banks (mine included) will reimburse you for out of network ATM fees.
    Linston's Zion Hill Taxi

    Captain Dave

  7. #17
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    Quote Originally Posted by Yvonne View Post
    Bank of America ATM card can be used at the Scotia Bank, no fee. Somehow thay are associated so, unless there's been a change, a BOA account is helpful in accessing your cash back home.
    What she said. If you bank with BofA you are good to go. I used my BofA card numerous times with no fees.


  8. #18
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    Agreed. I use my BOA check/debit card at Scotia ATMs...no Fees. I use a Capitol One card for the hotel expense and any other non-cash purchases...no foreign transaction fees. Works great. We have also used a USAA debit card at ATMs. USAA credits you for the ATM fees (up to $5 per transaction, I think).

  9. #19
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    Captain Oil/Captain D.... All/any Capital One CC is kosher in JA as far as no foreign transaction fees....been using mine for all kinds of things for years now....

  10. #20
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    Just to clarify I will be using a debit card not a credit card. To the best of my knowledge all major credit cards "for cash charge" interest from day of transaction, unlike a debit card, that only charges a transaction fee.

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