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Using ATMs vs a currency exchange place in Sri Lanka.

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J
Joshua R.•290 rep•1

Are the bank withdrawal fees so high that carrying cash to exchange is much better.

26
budget-travel

2 Answers from travellers

✓Accepted Answer

Using ATMs is highly convenient, but Sri Lankan commercial banks charge a mandatory local withdrawal fee for foreign cards, usually around 1000 to 1500 LKR per transaction, on top of whatever exorbitant fees your home bank charges you.

38
S
Sithara M.•17960 rep•1

Because ATM machines also strictly limit the maximum amount of cash you can withdraw in a single transaction, these fees add up massively. Bringing crisp foreign cash and using an authorized currency exchange place in the city is almost always significantly cheaper and yields a much better overall exchange rate.

17
S
Sumudu K.•17560 rep•1

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