Which ATM In The Philippines Gives The Best Exchange Rate

which atm in the philippines gives the best money exchange rate

Which ATM in the Philippines gives the best exchange rate?  ALL OF THEM!  The ATM machine DOES NOT SET THE RATE (unless you use a machine that offers “Dynamic Currency Conversion” or “Pay in your home currency” or something like that).

If you make a standard withdrawal and do not choose the alternative processing, the ATM DOES NOT SET THE RATE.  I ran this same test in Thailand, and got the same results.

In the screenshot below, taken from my online Schwab ATM checking account, you can see that I made three withdrawals, from three different bank ATMs, and was charged the exact same amount.

which atm in the philippines gives the best money exchange rate

Three different banks, not affiliated, with atms located next to each other at a mall.  Withdrawals taken minutes apart.

Unless you choose “dynamic currency conversion”, the ATM machine you use does NOT set the exchange rate.

 

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