Make Sure A Prepaid Debit Card Can Be Used Before You Use One To Transfer Money To Ecuador

Of course, you should put some research into this method before you use it to transfer

money to Ecuador, especially if your relative lives in or near a smaller city that might not allow much debit card usage, such as Vinces, Zamora, or Los Palos.

Most ATMs in Ecuador accept cards from any country, though some might charge a fee of a few dollars for using it in a foreign country. It is usually a flat fee, which means that if your relative takes out a lot of money at one time, they will pay less than if they take out a little at a time each day. In general, ATMs are the best way in this country to keep track of money, and most are available 24 hours a day. However, the safest ATMs to get money from are often in shopping centers during business hours. It is easiest to find ATMs in some of the larger cities, such as Quito, Guayaquil, Cuenca, Manta, and Santo Domingo, to name a few.

Your relative can also use their debit card to purchase items, but they should be aware that many retailers in Ecuador add a fee for users. It can range from 4 to 10% of the total amount, so let your relatives know this fact before you transfer money to Ecuador on a card. They may decide to stick to removing money from the ATMs if they do not want to pay extra. If they are okay with the fee, they should know that mostly only the larger or high-end stores accept cards, and they are typically found at the mall. Some restaurants and many major hotels also take them, such as Hotel Carvallo Cuenca, Arasha Rainforest Resort and Spa, and Hilton Colon Hotel Guayaquil. The best way to know is to call ahead before shopping, or just keep some cash out at all times.

The fact that the currency is now the American dollar may help you when you transfer money to Ecuador, no matter which method you choose. This way, you do not have to calculate how much money you are sending in another currency, nor should you have to pay exchange fees unless you are sending in a currency other than U.S. dollars. To make sure the prepaid debit card is the best method for you to transfer money to Ecuador to your relative, it is a good idea to both know the ATM situation in the country, and ask your recipient if they typically like using debit cards.

by: Peter Frampton

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