How to Use ATMs in Guatemala – Finding the Cheapest ATMS

When we travel we tend to pay for as much as possible in cash.  We carry an ATM card that has no foreign transaction fees and a credit card that has no foreign transaction fees.  Plus, because we’re cautious, we have spares.  One of the items on our list for each country we visit is how to obtain cash.  Here’s what we’re learning about Cash and ATMs in Guatemala.

We endeavour to keep this post up to date with current fees and rates – if you have further information please drop us a line in the comments and we’ll update the costs!

THIS POST MAY CONTAIN COMPENSATED AND AFFILIATE LINKS. MORE INFORMATION IN OUR DISCLAIMER

Guatemalan Currency – The Quetzal

The currency of Guatemala is the Quetzal. (GTQ)    It’s named after the national bird – the quetzal (ket-zal).  It used to be that in ancient Mayan culture, the tail feathers from the bird were used as currency.  The Quetzal is divided into 100 centavos.  (you might hear lenes, which is the local slang for centavos).

The largest note you’ll get is the 100 Quetzal Note.  There are also 50Q, 20Q, 10Q, 5Q and 1Q notes.  Coins include the 1Q coin, 50 centavos, 25 centavos, 10, 5 and 1 centavos.

Use Cash in Guatemala

Guatemala is primarily a cash society.  Certainly for us.  That’s usually because most of the places we eat at, the buses and transport options we catch operate in a cash society.  Most of our purchases (food, bus tickets, occasionally water, etc) are small ticket items.  Whipping out a credit card to pay for a US$1.50 bill for two coffees just doesn’t feel right.  It also makes sense to us not to use a credit card for a number of reasons.  Most places, unless you’re travelling at the very high end do NOT accept credit cards at all.

Don’t Use Credit Cards In Guatemala

We rarely use a credit card.  In Guatemala we didn’t use it once.  That’s for a number of reasons.

1. Most of our spending is small  A couple of cups of coffee or a few tacos.
2. We buy from small shops (tiendas), or market stalls, or street food vendors. Don’t even begin to think that they accept credit cards
3. In most countries, there will be a credit card fee. It may be laid out as an additional charge or built into the pricing.  We found this (as a shock to the system) in Australia and New Zealand.    Here in Guatemala, it’s around 8%.    You read that right.  EIGHT PERCENT.
4. The more I get out my credit card and have someone wander off with it, or it put into paper or electronic swipes, the more chance I have of getting it cloned, stolen or misused. Trying to get a new credit sent to us while we’re on the move isn’t something I really want to contemplate.

Finding ATMs in Guatemala

Just because you see a map entry for a bank in Guatemala doesn’t mean that there’s an ATM there.  ATM’s and banks don’t necessarily co-locate.   ATM in Guatemala are called “Cajero Automatico”.  Or Cajero.  You might see signs for Cajera too.    If you’re asking for directions, then this phrase will help you.

¿Donde esta un cajero automatico?”

ATM Withdrawal Costs in Guatemala

The first thing that you’ll find about ATM’s is that they’re temperamental.  Sometimes you’ll need to put your card in (and pull it out) several times.  Depending on the ATM you need to leave your card in.  Or take it out.  While making the transaction.  As always follow the instructions on the screen.  And if it’s not accepting your card, give it another go.  Or five.

ATM Limits in Guatemala

There is a withdrawal limit on each ATM in Guatemala.  Sometimes this is per withdrawal (usually 2,000 to 3,000 Quetzals) and sometimes you can make multiple withdrawals per day.  I use the word sometimes a lot here because that’s the reality.  An ATM of the same brand in a different location in the same city may have different rules to the one you just used.  Ask why and you’ll get a shrug.  Mostly, take what you can get and be thankful that the machine spits your card out again.

Charges from Your Bank

When we first set off travelling we were somewhat wet behind the ears and didn’t contemplate how many times we would visit an ATM.  So we travelled for the first 9 months with a regular debit card account.  We moved money into it when we needed it.  (We ensured that we hooked up our VPN before we did ANYTHING like this. – FIND OUR WHY you should use a VPN in our guide to VPNS).  The best VPN for Guatemala is ExpressVPN, find out more!

We recommend ExpressVPN, which we’ve used in some of the world’s most difficult countries to access the internet – check it out here.  This link will give you up to 49% off RRP or 3 months for free!

The fees from our bank soon mounted up, especially when we hit India and our maximum withdrawal per transaction was only around GBP100 for the ATM’s there.  (In the UK a usual daily amount is between GBP250 and GBP300).  With a fee for each transaction, it got pretty expensive.

We moved our account to one which gives us free foreign currency withdrawals.    It’s worth looking into!  We have since moved to a different account that has no fees.  We are also Wise (formerly Transferwise) debit card holders for their borderless account > read how the Wise account can save you a WHOLE LOT OF MONEY here

ATM Guatemala Airport

The Guatemala City Airport ATMs are on the third floor (departures) and it is a 5B ATM.  If getting cash at the airport is a requirement, then it’s going to cost you!

Guatemala ATM fees from the ATM provider

As well as the charge from your financial services or card provider there’s often a cost from the ATM provider too.  This varies IMMENSELY and can add up to a significant amount.  Here are the costs we’ve found for Guatemala ATMs.

ATMs Guatemala – The Providers

5B ATM Guatemala (The Yellow ATM’s)

You’ll find more of these ATM’s than any other in Guatemala.  They can be found at petrol/gas stations, Despensa Familiars and shopping centres.  They are however EXPENSIVE when it comes to fees.  They may, however, be your only choice, as they tend to work when other ATMs don’t.

2,000 Quetzales costs 45 Quetzales as a fee.  That’s a HUGE percentage just to get access to your cash.  The maximum amount per transaction from a 5B ATM is 2,000 Quetzales.

BAC Guatemala (Usually Red and White)

These will give up to 3,000 Quetzales per day (and per transaction).  There’s one under the colonnade around the edges of the Central Park in Antigua.  The fee for 2,500 Quetzales is 22 Quetzales.   In 2018 and 2019 many people were reporting that BAC could not make a connection to foreign cards and therefore withdrawals were not possible.

You can also find a BAC ATM in Xela (Quetzaltenango) on the opposite side of the central park (in Zone 1) to the Xela Pan bakery.

BI Guatemala (Silver/Black)

We used BI more than any other ATMs because we were not charged ANY FEES for using these machines.  (Yep.  NO FEES since 2017 that has changed.).

The maximum withdrawal is 2,000 Quetzales per transaction.  The fee to withdraw is now USD$4 in December 2018.

There’s a BI ATM inside the Despensa Familiar near the central park in Xela.  It’s right next to the 5B ATM in the same location.

 Advice on Cash in Guatemala

1. Don’t carry all your money with you all the time. Or in one place.
2. Smaller shops, buses and restaurants will struggle to break a 100 quetzales note for you. Split larger notes and keep change with you.
3. Be sure to get your change when on a bus – “sencillo, por favour”

We’ll keep updating this as the situation changes.  Keep us posted with the latest on ATM’s in Guatemala and we’ll keep this post updated.

Final Words on ATMs in Guatemala

We hope you find this guide to ATM’sin Guatemala useful. Let us know if you have updates so that they’re available for others travelling.