Fooled agan. Coño. My wife tells me not to use that word. It is not so bad from a Dominicano she says, but from an extranjero, it's not ok. However, it is applies in this case. As I kick myself for being duped. I post this here so others can avoid this mistake.
I have for many years withdrawn money from ATM's in the DR with a foreign debit card - U.S. bank. My bank does the exchange rate and I get the right rate. For example, now the rate should be about 59 pesos for a dollar.
Never has the screen come up that shows an exchange rate and asks you to accept it. I saw that screen for the first time at a Banco Popular ATM today. I have been out of the country for a while.
I did not read the question completely. The choice I think was do you want to accept the Banco Popular rate or the rate your bank will give you. I have seen this choice in another country and know not to accept the ATM rate. But, here Banco Popular asks the question in a different way.
So, without reading the rate, etc. I just accepted it. The alternative choice was don't accept it. I did read that. It said something about sin conversión. I thought that might result in them rejecting the withdrawal. Now, I think not. I think it would have resulted in my bank doing the conversion. I will see next time.
The reason this is such a big deal is that the Banco Popular exchange rate in this ATM situation is 51 pesos to the dollar. The real rate today should be about 59 pesos, more or less.
So, on a 10,000 peso withdrawal, they screwed me out of 1,500 pesos, about 25 dollars. Again, coño. Never again. Ladrones.
On a different topic, tropical wave moving through today. Wow. Mucha agua. Y ahora trueno.
I have for many years withdrawn money from ATM's in the DR with a foreign debit card - U.S. bank. My bank does the exchange rate and I get the right rate. For example, now the rate should be about 59 pesos for a dollar.
Never has the screen come up that shows an exchange rate and asks you to accept it. I saw that screen for the first time at a Banco Popular ATM today. I have been out of the country for a while.
I did not read the question completely. The choice I think was do you want to accept the Banco Popular rate or the rate your bank will give you. I have seen this choice in another country and know not to accept the ATM rate. But, here Banco Popular asks the question in a different way.
So, without reading the rate, etc. I just accepted it. The alternative choice was don't accept it. I did read that. It said something about sin conversión. I thought that might result in them rejecting the withdrawal. Now, I think not. I think it would have resulted in my bank doing the conversion. I will see next time.
The reason this is such a big deal is that the Banco Popular exchange rate in this ATM situation is 51 pesos to the dollar. The real rate today should be about 59 pesos, more or less.
So, on a 10,000 peso withdrawal, they screwed me out of 1,500 pesos, about 25 dollars. Again, coño. Never again. Ladrones.
On a different topic, tropical wave moving through today. Wow. Mucha agua. Y ahora trueno.