Silvie
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Do you know what commission daes the Santander Bank charges you for this type of transfer?
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Do you know what commission daes the Santander Bank charges you for this type of transfer?
And get the official rate. Why would you want to do that? And deal with the banks here?Directly from the horse's mouth:
Today I had an appointment in the Banco Santander Rio and they told that I could open an account in USD, and transfer directly funds fron the USA to my account here.
The cost is 2.5% of the total amount, with a minimun of 200 USD being sent.
Why does this matter? You deposit USD in the US and here you get USD again. Or am I missing something?And get the official rate. Why would you want to do that? And deal with the banks here?
Correct. The issue would be, however, what happens when you get to the bank and say, "I want my money from my USD account." Will they pay out in Pesos (at the official rate) or will they literally pay out in USD. The answer, at least for now and at least for one bank with which I am familiar, is the payout can be in USD. I believe it has not always been so and this would be something to discuss when setting up the USD account.Why does this matter? You deposit USD in the US and here you get USD again. Or am I missing something?
Funds will be deposited to clients DOLLAR account in BA. Who said pesos, I missed that.?And get the official rate. Why would you want to do that? And deal with the banks here?
Deposit - yes. Withdrawal (for now) - yes. I offer the concern for situations where large amounts of USD build in a USD account in the blissful assumption that banking rules never change in Argentina.NO way, they will de[posit USD in your dollar account