FAQ about cash/withdraw/banks and insurance

Which bank has the lowest or no withdrawal fees?

Banco de la Nación does not charge any fees. Banco de Crédito is a good second choice.

Which ATM allows free withdrawals?

Banco de la Nación is recommended for free withdrawals. It’s known locally as Banco Red, but listed as Banco de la Nación on Google.

For those traveling through South America for an extended period, what kind of insurance did you choose?

Many travelers opt for comprehensive coverage like the 365-day policy from Unive, which includes everything from medical to property damage, and has been noted for good customer service. FBTO is also highly recommended for its coverage options. For Dutch people.

Does anyone know if you can withdraw 400 soles multiple times a day at Banco de la Nación?

It has been reported that you can make multiple withdrawals of 400 soles each in a row without issues at Banco de la Nación.

Does anyone know if using a Wise credit card makes sense in South America/Peru, given they don’t support the local currency?

While Wise doesn’t offer accounts in PEN (Peruvian soles), their favorable exchange rates still make it a worthwhile option for international travelers in South America.

Hey! Does anyone know if it’s more advantageous to exchange money at the airport or in downtown? Just landed in Lima.

It’s generally better to exchange a small amount at the airport for immediate needs and find better exchange rates in the city center.