Banco Macro has removed fees for transfers from abroad

[MilHojas]

Banco Macro eliminó comisiones para transferencias desde el exterior

La entidad informó que esta medida busca facilitar el ingreso de fondos. Aplicará a montos de hasta u$s 10.000, beneficiando -en mayor medida- a profesionales independientes y freelancers.

www-cronista-com.translate.goog

Original article in Spanish

It looks like they have a 29 USD maintenance fee for dollar accounts, which is currently not being applied, but they could start charging it again.

 

[dlish]

So they are incentivizing an inflow of dollars to their holdings rather than peso … yet another sign that banks see problems on the horizon for the peso

 

[LuckyLuke]

Interesting...though I can't imagine this will last long before cuevas begin offering a superior rate to MEP. By my math at a an outgoing wire fee of $45 (BofA), Macro is only cheaper than WU when we are talking USD transfers over $500.

 

[lunar]

So they are incentivizing an inflow of dollars to their holdings rather than peso … yet another sign that banks see problems on the horizon for the peso

I doubt there are many people out there holding Argentine pesos in foreign bank accounts.

 

[Rich One]

Interesting...though I can't imagine this will last long before cuevas begin offering a superior rate to MEP. By my math at a an outgoing wire fee of $45 (BofA), Macro is only cheaper than WU when we are talking USD transfers over $500.

Thanks for your comments I''m also with BofA and Macro. WU is very expensive today. If it helps one can use Dolarapp with a fee of $3 per transfer, or Moneygram with a fee of $1.90, for transfers to Macro peso cuenta de ahorro.

 

[LuckyLuke]

Thanks for your comments I''m also with BofA and Macro. WU is very expensive today. If it helps one can use Dolarapp with a fee of $3 per transfer, or Moneygram with a fee of $1.90, for transfers to Macro peso cuenta de ahorro.

Moneygram canceled every account I tried opening with them after 1 transfer due to "security" reasons they could never care to explain. A worthless app as far as my experience.

I recall briefly researching Dolarapp, but I think there was some catch. It requires an intermediary app to fund it, right? Or were you able to link it directly to your BofA? What commission does it charge?