Dangers of pulling out money at atms

[orwellian]

That article has been posted here already though. And yes, I am paranoid every time I withdraw.

 

[evan]

i always take out 3k at a time. never had a worry.

 

[cbphoto]

When I was living in Argentina... I would withdraw the money from inside a local mall...keeping an eye out for who might be watching. Like many things in Argentina... the policy actually goes against what makes sense in practice. The excuse the banks/government give for 300pesos per atm withdrawal "is for your protection". The reality is for them to ream you for the charges. To stand at an ATM for 5 minutes...making withdrawal after withdrawal to get your 3000pesos rent money... attracts attention from thieves... but as long as they get their 5U$S for every 300pesos (50U$S in charges in 5 minutes)...this will not change

 

[GuilleGee]

this will not change

Funny, since the limit is 1000 Pesos per withdrawl these days. I mean, damn, things never change.

 

[cbphoto]

It is? That would be a welcome change
Is that at all ATM's or do the small ones (not in a bank) still have the 300 limit?

 

[GuilleGee]

I have never had a problem taking out 1000 pesos to go pay rent in one swift motion.

 

[perry]

I agree that this system is for the purpose of making money for the banks . A three thousand peso withdrawal should be allowed per transaction. It hardly buys a lot these days and it certainly would make a lot easier for all.

 

[evan]

at no point in the last 3 years was i not able to take out at least 3k pesos at Citibank, so I think it's a little more complicated than some of y'all are making it out to be.

 

[marksoc]

But, if you get held at gunpoint while the bad guys get money with your cards is better to have a 1000-1500 peso limit per day.