Traveling to Peru involves considering various financial aspects, such as foreign currency exchange. In this guide, we’ll provide some essential tips for exchanging your money wisely.
Banks and Currency Exchange:
When it comes to exchanging money in Peru, it’s crucial to choose reliable financial institutions. Opt for reputable banks and currency exchange offices that offer competitive rates. Avoid exchanging money on the street, as you could expose yourself to scams.
Avoid Exchanging at Airports:
Exchange rates at airports or bus terminals are low and inconvenient. It’s advisable to wait until you reach less crowded areas or use ATMs to get a better exchange rate.
Alternatives such as ATMs:
ATMs are a convenient and safe option for obtaining local currency in Peru. Before traveling, check if your bank has partnerships with local banks to avoid additional fees for international withdrawals. Also, be sure to use ATMs located in safe areas and avoid making withdrawals at night in poorly lit areas.
Cards Accepted in Peru
The most widely accepted card at ATMs in Peru is Visa, although Cirrus/Mastercard are sometimes also accepted. GlobalNet is one of the ATMs in Peru that accepts almost all cards, including American Express, PLUS, and Diners Club.
Tips for Using ATMs Safely
Although you shouldn’t have any problems using ATMs in Peru, there are some precautions you can take to minimize risks:
- Use ATMs located inside banks or commercial establishments rather than those located on the street.
- Avoid visiting ATMs at night or in isolated areas; if you do, take extra precautions.
Do not use ATMs that appear to have been tampered with or that have suspicious devices, especially around the card slot.
Which bank doesn’t charge a fee for cash withdrawals in Peru?
Banco de la Nación offers the option of withdrawing cash through its extensive ATM network without charging a fee (MULTIRED).