Jump to content

Foreign ATM Card Cash Withdrawals Soon to Be Limited to $250 Per Transaction


Recommended Posts

  • Moderators

We are getting "reliable" information that ATM withdrawals will be limited to $250.00 per transaction, with a minimum fee of $5.25 per transaction, beginning September 1st. We are trying to find official documentation of these changes in policy, but so far we are not finding it. The following are screen captures at various ATM machines in the Panama City area over the past couple of days. Reports say that these messages are being displayed at different bank ATMs (specifically including Banco General, Global and BAC), not just one bank.

Note the qualification that the $250.00 limit applies only to ATM cards issued outside of Panama.

Bank Fees September 1, 2020.jpg

Bank Fees September 1, 2020 Eng.jpg

Link to post
Share on other sites
  • Moderator_02 changed the title to Foreign ATM Card Cash Withdrawals Soon to Be Limited to $250 Per Transaction
  • 2 weeks later...

Yes it is true. Last Friday I tried to withdraw 500 dollars, but got only 250. I was charged 5.25 for this and when I withdraw another 250 dollars I was charged again for 5.25 dollars. Very bad!

  • Upvote 1
Link to post
Share on other sites
  • 2 weeks later...
  • Moderators

Since we (personally) do not use ATM cards we have no personal experience with the charges and withdrawal limitations. The information published above was from reliable sources, and provided everything that we were told. Whether all banks follow these procedures is unknown to us.

We did research recently to see if there is more information, but alas, no joy.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...