When planning your trip to Cartagena, it’s essential to know your options for exchanging currency. Whether you’re preparing for your journey or are already exploring the vibrant streets of this Colombian city, understanding the best methods to obtain local currency can make your experience smoother.
You might consider visiting a currency exchange store, going to a traditional bank ATM, or opting for a travel card that offers better rates. In this article, we will go over all options, provide recommendations for our La Carta-approved picks, and give you very important tips on how to withdraw money in Colombia, what to look out for, and how to safely transact with money in Colombia.
How to Exchange Currency in Cartagena?
When you need to exchange currency in Cartagena, you have several options to choose from, including banks, ATMS, currency exchange shops, online platforms, and crypto. Each method has its benefits, and it’s helpful to consider your preferences before deciding.
If you are traveling beyond Cartagena, you’ll find that many cities and towns in Colombia also offer currency exchange services. If you need to know how to withdraw money in Colombia, it’s useful to know that most banks provide currency exchange, but not all will exchange every type of currency. In some cases, banks focus on converting popular currencies like US Dollars and Euros into Colombian Pesos.
You might also find dedicated currency exchange offices, known as casas de cambio, which can be helpful when you’re learning how to withdraw money in Colombia. These places usually provide a variety of currencies and may have better rates than banks. Always compare different locations to ensure you get the best possible deal.
How to Withdraw Money in Colombia Using Currency Exchange Services (“Casa de Cambios”)
Visiting a currency exchange service is another option. These places often provide a wide variety of foreign currencies, though smaller branches may have limited stock. The rates you receive may differ based on whether you exchange in person or order online. Here’s how to make the most of this method:
- Decide on direct or online: Choose whether to visit a currency exchange location or place an order in advance.
- Order online: If you pick the online route, simply make your order and pay via card.
- Collect your cash: You can get your money right away or pick it up later at the branch. If you are collecting in person, be sure to bring your ID.
10 Best Places to Exchange Money in Cartagena
| Business | Address | Phone Number | Google Review |
|---|---|---|---|
| Punto Dollar Money Exchange Centro Comercial La Serrezuela | Carrera 11 # 39-21 local S-16, Provincia de Cartagena | +57 605 6421701 | 4.8 out of 5 stars |
| Punto Dollar Money Exchange Getsemaní | Cl. 30 #10c – 52, Getsemaní, Provincia de Cartagena | +57 314 6560803 | 4.9 out of 5 stars |
| Casa de cambio de divisas “Florida Money Exchange” | Cl. 29 #10-93, Getsemaní, Provincia de Cartagena | +57 321 6995593 | 4.8 out of 5 stars |
| Casa de cambios “Comisiones Eliel” Currency Exchange | Cra. 3 #67-92, Provincia de Cartagena | +57 302 4436777 | 4.9 out of 5 stars |
| CAMBIOS INTERNATIONAL MONEY (MONEY EXCHANGE) CASA DE CAMBIO | Carrera 2, Av san martin, Edifico saker, frente juan valdez, Provincia de Cartagena | +57 6658854 | 3.4 out of 5 stars |
| CAMBIE YA * Money Exchange | Cra. 2 #9-52 Local 2, Provincia de Cartagena | +57 317 7792078 | 4.8 out of 5 stars |
| MONEY EXCHANGE SOISA- CAJA DE CAMBIO | Cra. 10 #29-117, Getsemaní, Provincia de Cartagena | +57 318 6900847 | 5 out of 5 stars |
| Comisiones Sion | Carrera 7 #35-1 a 35-115, Calle Primera de Badillo | +57 301 4655665 | 5 out of 5 stars |
| MONEY EXCHANGE OLAM SHADDAI | Cra. 7 #3632, San Diego, Provincia de Cartagena | +57 302 3531135 | 5 out of 5 stars |
| Money Exchange – Super Dollar | Centro Amurallado, Cl. 36 #7-20, El Centro, Provincia de Cartagena | +57 310 4942332 | 5 out of 5 stars |
Cartagena ATMs for Easy Access: How to Withdraw Money in Colombia
Taking out money with ATMS in Cartagena is certainly the quickest and most efficient means. Typically ATMS will charge anywhere from 5$-20$ + currency exchange rate for withdrawal depending on your bank institutions. We recommend getting a 0 forex fee credit/debit card so you just pay the withdrawal fee. If you can get a 0% cash advance from credit card on top of your 0 forex fee credit card then this is by far the most efficient means of withdrawing cash in Cartagena. Here are the best ATMS in Cartagena.
Extra Advice for Using ATMs in Cartagena
Withdrawing Larger Amounts:If you need to access more money than the ATM allows in a single transaction, don’t worry—many ATMs let you perform a second withdrawal right after the first. Alternatively, you can try using a different bank’s ATM for the second transaction. A foreign card may work at one ATM of a bank but may not work at another ATM of the same bank!
Denominations:
Most ATMs in Cartagena will dispense 50,000 COP notes. Keep this in mind when shopping at smaller stores, as they may not have enough change, or “cambio”. If you’re figuring out how to withdraw money in Colombia, it’s best to use these larger bills at supermarkets, hostels, or bigger stores where they can easily break them.
ATM Availability on Weekends and Holidays:
Not all ATMs are accessible on weekends or public holidays. However, those located in larger supermarkets, such as Éxito or Olímpica, are usually available. If the ATM on the ground floor of a store like Éxito is closed, try checking upper floors, as many of these stores have multiple ATMs.
Looking for More ATM Options?
While we’ve provided some helpful tips on how to withdraw money in Colombia, there are many ATMs around Cartagena. If these suggestions don’t meet your needs, feel free to ask locals for additional recommendations. And if you discover an ATM with better rates or find that any of our info has changed, we’d love to hear from you! Please contact us with the details.
Exchanging Currency at Cartagena Banks
Banks provide a safe and reliable method, while physical exchange services offer convenience. If you prefer a modern approach, look into travel money cards from providers like Wise. These cards can be ordered online or through an app, allowing you to top up funds remotely and withdraw or spend abroad with ease.Travel money cards tend to offer better exchange rates and lower fees than traditional exchanges, giving you peace of mind while traveling. Evaluate your options carefully to ensure you choose what suits your needs, maintaining safety and convenience throughout your time in Cartagena.
What are the Colombia bank withdrawal fees & limits?
| Bank | Max Withdrawal | Fees |
|---|---|---|
| Davivienda | 2,000,000 (Visa) / 400,000 (Mastercard) | 15,000 COP |
| BBVA | 300,000 (x 3 per day) | 18,000 COP (Visa, Dec 2023) / 18,500 COP (Mastercard, Dec 2023) |
| Colpatria ScotiaBank CitiBank | 900,000 (Max 2.7M per day) | 20,900 COP (Dec 2023) |
| Banco Caja Social | 300,000 (Dec 2023) | Zero Fees (Verified by 3 people, Dec 2023) |
| CorpBanco | 400,000 | Reported to be Zero Fees |
| Bancolombia | 600,000 | 26,990 COP (Dec 2023) |
| Servibanca | 780,000 | 16,000 COP (Feb 2021) |
| ATH Cajeros Automáticos | 600,000 | 18,500 COP (July 2023) |
| Banco de Bogotá | 1,600,000 | 15,000 COP (August 2023) |
| Banco Popular | 600,000 | 10,500 COP |
Note about fees: ATM withdrawal fees may vary depending on the type of card (Visa/Mastercard) and time of year. Make sure to verify with your bank and the ATM before withdrawing money. Also, some banks or ATMs may charge additional fees not reflected here due to changes in policy.
If you prefer to go through a bank, it’s important to verify that the bank you select offers currency exchange services and can assist with how to withdraw money in Colombia. Many banks only assist customers who hold an account with them. Additionally, if you need a less common currency, you may need to place an order in advance. Here’s a straightforward list to guide you when using a bank for currency exchange:
- Confirm bank services: Make sure the bank provides currency exchange.
- Check currency availability: Ensure that the currency you need is in stock.
- Follow ordering processes: Depending on the bank, you may need to visit in person or order online.
- Bring cash: Visit the branch with your money in hand, or order online for collection later. If you are not a bank customer, don’t forget your ID.
Keeping your photo ID, like a passport or driver’s license, ready is essential, as banks typically require identification for currency exchanges.
Can You Exchange US Dollars in Cartagena?
When you need to exchange currency in Cartagena, it’s important to ask each exchange service about the currencies they handle, especially when you are learning how to withdraw money in Colombia. Most currency exchange locations accept major currencies, including US Dollars. This gives you options for converting your money effectively. For smooth transactions, confirming what currencies are available in each service helps you avoid any surprises.
Consider utilizing a Wise travel card for added convenience. This allows you to spend directly without dealing with cash. Also, Wise often offers better rates and lower fees compared to traditional currency exchanges.
Online Currency Exchange Options: Tips on How to Withdraw Money in Colombia
For those who prefer a more convenient approach, exchanging currency online might be the best fit when figuring out how to withdraw money in Colombia. Many providers let you order currency from the comfort of your home. Options can include having cash delivered to your residence or allowing you to collect it at a branch or airport. Some services even provide travel money cards that you can top up and use while traveling. Here are the steps to follow for online currency exchange:
- Select a provider: Find an online currency exchange service that meets your needs.
- Follow the ordering process: Place your order for cash or a travel money card according to the site’s steps.
- Verify your identity: Most services will ask you to upload a photo of your ID for verification.
- Choose delivery or pickup: Decide whether you want your money or card mailed to your home or available for collection.
While exchanging currency in Cartagena, always keep in mind the necessity of having proper identification. Whether you are visiting a bank, a currency exchange service, or using an online platform, understanding your options will help you make informed choices and enhance your travel experience.Things to Consider Before Exchanging MoneyFactors to Think About When Selecting an Exchange Service in CartagenaWhen choosing a currency exchange service in Cartagena, it’s essential to compare different options. Make sure to evaluate the expenses involved, how secure the provider is, and what previous customers have experienced.
Evaluate Costs
Look at both the exchange rate and any fees on top of that. Many exchange services may claim zero commission, but the expenses can often be factored into the rate itself. Get the full picture to avoid unexpected costs.
Safety and Reputation
Opt for a licensed and trustworthy provider to ensure a smooth process when figuring out how to withdraw money in Colombia. Generally, major banks will be a secure choice. For currency exchange shops, inquire about their regulations and licensing. For online services, check their website for licensing information and reviews to ensure a smooth transaction.
Understanding the Mid-Market Rate
The mid-market rate is the standardized rate used for trading in the global market. This is the rate that banks and currency exchanges use when buying or selling currencies in bulk. Unfortunately, most providers do not offer this rate to the public, as they add extra percentages, known as markups or margins.Use the mid-market rate as a benchmark when assessing your options for currency exchange in Cartagena. You can easily find this rate online, so compare it with the rates offered by different providers to determine the most favorable option.
Consider a Travel Money Card
Opting for a travel money card from providers like Wise allows you to access competitive exchange rates without the standard fees of traditional methods, which can be a great option when learning how to withdraw money in Colombia. These cards often leverage live mid-market rates and outline all fees clearly, making it easier to understand what you’re paying.
Be Cautious
Even if a deal seems excellent, remember to choose a reputable provider for your currency exchange to ensure you know how to withdraw money in Colombia effectively. If it sounds too good to be true, it might be a sign to proceed with caution. Always prioritize safety and transparency when exchanging your money. Tips for Finding the Best Currency Exchange Rates in Cartagena To secure the best exchange rates in Cartagena, consider the following strategies:
- Compare Rates: Look at various currency exchange providers nearby and online. Be mindful of extra fees or commissions that may increase overall costs.
- Use Tools: Online currency converters and finance apps can keep you informed about current rates. Monitor these closely and exchange when rates are favorable.
- Explore Digital Options: Consider using online services like Wise, which allow you to convert currencies on your mobile device at competitive rates.
Pay attention to Google ratings for providers to gauge reliability and service quality.
Crypto Exchanges in Cartagena
When you are in Cartagena and want to engage in cryptocurrency transactions, there are several options available to you. Here’s a quick overview of some popular choices:
- Juan Liquores: This is a notable exchange for cryptocurrencies in Cartagena. They facilitate transactions with a fee of 10% on exchanges. While this rate may seem high, their services cater to various needs for those seeking to buy or sell Bitcoin locally.
- La Carta: Another option worth considering for peer-to-peer exchanges. This platform allows you to connect with other users directly for trading. It’s a viable choice, especially since many traditional methods are less accessible.
Key Points to Remember
- Crypto ATMs: It’s important to note that crypto ATMs were banned in Colombia about a year ago. This change has made direct transactions through machines unavailable. However, peer-to-peer trading remains an option through platforms like Juan Liquores and La Carta.
- Safety and Regulations: Always ensure you’re trading safely and are aware of the local regulations concerning cryptocurrencies. Research the transaction processes to avoid any issues.
Exchanges to Avoid When Learning How to Withdraw Money in Colombia
When exchanging currency, it’s important to be mindful of where you go. Here are some options that can lead to less favorable rates:
- Avoid Hotel Exchanges: Hotels often charge high fees for currency exchange. You will likely receive less value for your money compared to local options.
- Skip Airport Currency Exchange: Currency exchange services at airports typically offer poor rates. It’s best to wait until you are in the city.
- Be Cautious with Unlicensed Vendors: Only use licensed and reputable exchange services. Unofficial vendors may charge hidden fees or offer unfair rates.
- Watch for Hidden Fees: Some exchanges might advertise good rates but will charge extra fees. Always ask about any additional costs before proceeding.
Staying Safe While Accessing Money in Cartagena
When visiting Cartagena, you’ll find a wide range of ATMs throughout the city to conveniently access cash, which is useful when you’re learning how to withdraw money in Colombia. However, like many popular tourist destinations, it’s important to stay vigilant and follow some basic safety tips when handling money in public. Here’s what you should keep in mind:
1. Use ATMs in Safe and Well-Lit Areas
Always opt for ATMs located inside or near reputable banks, shopping centers, or large hotels. These areas are typically well-lit and monitored by security cameras. Avoid using ATMs in isolated or poorly lit places, especially at night.
2. Be Aware of Your Surroundings
Before withdrawing money, take a quick look around to ensure that no one is watching you too closely, particularly when learning how to withdraw money in Colombia. If you feel uncomfortable at any point, trust your instincts and walk away. It’s better to find another ATM than to risk your safety.
3. Limit the Amount of Cash You Withdraw
Cartagena is largely cash-based, but you don’t need to carry large sums of money with you at all times. Plan your withdrawals based on your daily budget and avoid withdrawing large amounts. Keeping your cash to a minimum reduces the risk if your wallet or purse is lost or stolen.
4. Consider Using Currency Exchange Services
If you’re withdrawing cash from an international card, keep in mind that ATMs will typically charge fees. It may be more cost-effective to use a currency exchange service to convert your money at a favorable rate, particularly when you need to know how to withdraw money in Colombia. Many exchange services in Cartagena are located in secure areas of the city.
5. Avoid Flashing Cash
After making a withdrawal, don’t count your money out in public. Store it discreetly and keep the bulk of your cash in a safe place. Carry only what you’ll need for the day, and split your money between different locations on your body (wallet, money belt, etc.).
6. Notify Your Bank
Before traveling to Cartagena, make sure you notify your bank of your travel plans to avoid having your card blocked for suspicious activity. Also, check with your bank about any international fees associated with ATM withdrawals.
7. Check for Skimmers
Before using any ATM, inspect the card slot to ensure that there’s no skimming device attached, which is crucial when learning how to withdraw money in Colombia. If the card reader seems loose or tampered with, it’s better to avoid using that machine. Skimmers can steal your card information, leading to unauthorized charges.
8. Use Credit Cards
Try and use credit cards as much as you can in Cartagena. Typically major merchants always accept, however Cartagena is a cash dominant society. By using credit cards you limit the risk of having to withdraw from ATM and carry cash on you as well as the safety of fraudelent transactions you can dispute with your credit card provider.
9. Store Cash Safely
Put your wallet in zip tied areas. Fanny packs, or backpacks that are not easy to access. Consider having zipper pockets too when in Cartagena. Although pick pockets aren’t as big here like in Europe, always take precaution!
Save Money on Currency Exchange with a Wise Card: The Smart Way for How to Withdraw Money in Colombia
Obtain a Travel Money Card from Wise
Getting a travel money card from Wise can be a smart choice for managing your funds while traveling, especially when you need to know how to withdraw money in Colombia. Here are some key benefits:
- Multi-Currency Account: You can hold and manage multiple currencies in one account. This means you can avoid unfavorable exchange rates by converting your money when the rates are optimal.
- Real Exchange Rates: Wise uses the mid-market exchange rate, which is typically better than the rates you see at high-street exchanges. This lets you stretch your travel budget further.
- Low Fees: With a Wise card, you can avoid high fees often associated with currency exchange. This can save you significant amounts, especially when making larger transactions.
- Easy Management: The Wise app allows you to track your spending in different currencies, making it easier to manage your overall expenses while abroad.
- Withdrawal Options: The card can be used at ATMs around the world, giving you flexible access to cash when needed. Just be aware of any local ATM fees that may apply.
To get your Wise card, simply sign up on the Wise website and follow their instructions. It’s a straightforward process that can lead to considerable savings on currency exchanges during your travels, especially when figuring out how to withdraw money in Colombia.
FAQ
To find reliable currency exchange services in Cartagena, look for established banks like Bancolombia, Banco de Bogota, and Davivienda, which can help you understand how to withdraw money in Colombia effectively. These institutions are regulated and known for their legitimacy. Additionally, you can explore dedicated currency exchange kiosks in tourist-heavy areas or shopping centers, which often display clear rates.
Locations that tend to offer favorable exchange rates include currency exchange shops in the city center and local markets. Places such as Éxito may provide competitive rates too. It’s advisable to compare rates among a few options before making a decision.
Exchanging money at the airport is generally not the best choice, as the rates are often less advantageous compared to those found in the city. Airport exchange services typically charge higher fees or offer lower rates, so it’s wise to avoid this option if possible.
It is not strictly necessary to exchange money before your trip to Cartagena. Many ATMs in the city accept international cards, making it easy to figure out how to withdraw money in Colombia and get Colombian pesos directly. This option often provides better rates than pre-exchanging currency. If you prefer to have cash on hand upon arrival, consider exchanging a small amount before your trip.
Be cautious with street vendors or informal exchange services as they may offer poor rates or even engage in fraudulent practices. It’s best to avoid exchanging money at hotels and using airport services unless absolutely necessary, as these locations often have unfavorable rates.
While rates fluctuate, you can typically expect about 2,850 to 2,900 Colombian pesos per US dollar at most exchange spots. Keep in mind that rates may vary daily, and checking a few different locations can help you secure a better deal.