Cool, Green and the best Coffee in the world
Get rid of the ATM card and cash a US check at your local bank. Works a lot better.
Is this a requirement specifically by your Credit Union or it is some exciting new addition and/or interpretation of the US Patriot Act or is it a newly enacted 'regulation' to protect us from the boogie man? Do you know?
I'm with Juan Carlos.... tear up the ATM card.
As I said, I neglected to ask them; so I don't know.
Yes, I'm going to start writing checks to my account here and withdrawing from it. Until a couple of months ago, my bank didn't charge for ATM withdrawals. Now they do, and with the additional charge by CLAVE, using your ATM card for withdrawals from your US bank doesn't make financial sense anymore.
Bank of America will only set an out of US arrangement for 3 months, then needs a renewal. HSBC is 2 years. Guess Boa is going to get phased out on my personal finances
MultiBank in Boquete also doesn't charge for depositing a U.S. check and it clears in 4-5 working days. The requirement is that you can only do this with one check per month per account and it has to be $3000 or less. If you have a checking and savings account you can do two checks.
We use Multibank. EACH CHECK must be in an increment below $3000...so $2900. (There is a $5000 a month total max). If some huge emergency were to come up we are told we would need to speak with a bank officer.