Over the course of your travels in Colombia, determining how much cash to carry is necessary for a smooth experience. While Colombia has become increasingly modern in terms of electronic payments, having cash on hand is still necessary, especially in rural areas and for small purchases. You should consider carrying between $100 to $200 USD in cash, which you can convert upon arrival or withdraw from ATMs. This amount should cover daily expenses like food, transportation, and minor shopping.
When planning your cash needs, take into account your itinerary. In major cities like Bogotá, Medellín, and Cartagena, you will find numerous places where you can pay with cards. However, in more remote areas and smaller towns, cash is preferred. It’s advisable to have smaller denominations as the ability to break larger bills can sometimes be limited.
In terms of accessing your funds, you have a couple of reliable options. ATMs are widely available in urban centers. Use machines located at reputable banks or in well-trafficked areas to ensure security. ATMs typically allow you to withdraw in COP (Colombian Pesos), and you can opt to withdraw amounts equivalent to $200 to $400 USD at a time, depending on your needs and the machine’s limit.
Before using ATMs, check with your bank regarding foreign transaction fees and any daily withdrawal limits. Inform your bank about your travel plans to prevent any hold on your card due to suspicious activity. You might also want to consider using a no-foreign transaction fee card if available.
In addition to ATMs, you can also exchange currency at currency exchange offices, especially in tourist areas. While you may find favorable rates at these offices, it is advisable to compare a few options, as commission fees can vary. Airports have currency exchange kiosks, but these often offer less favorable rates, so it’s better to exchange only a small amount there if needed.
As a fallback, having a credit or debit card is a wise decision. Make sure that your cards have a chip and PIN for effective transactions as some locations may not accept swipe-only cards. Cards will be beneficial for larger purchases, and they often come with better exchange rates than cash.
To wrap things up, you should aim to carry sufficient cash for everyday expenses while ensuring you have access to ATMs for larger withdrawals as needed. Balance your cash between USD and COP, use cards where acceptable, and remain aware of your surroundings to keep your finances secure during your Colombian adventure.
