Using ATMs vs a currency exchange place in Sri Lanka.
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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.
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answered 2 days ago
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Sithara M.•17960 rep•117
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.
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answered 2 days ago
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Sumudu K.•17560 rep•1You must be logged in to post an answer.
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