Banking question - **fondeo**

Question

Money is being wired to Colombia. The bank says, "Lo que pasa es que hay que fondearlo dos días. No lo fondea, tiene que pagar el cuaro por mil."

Answer 1

I'm not familiar with that use of "fondeo", but I would say that if you take the money from the bank without waiting those two days, they will charge you that extra 0.4%. If you leave the money two days in the account before getting it, they won't charge you that. I'm pretty sure I'm right.

In this case EKolbinsky, I would go with this answer, guillermo is a native (venezuelan I think) and he is probably closest. - DJ_Huero, May 24, 2011

Argentinian. :) - 00e657d4, May 24, 2011

Answer 2

Well, this seems to be a confusing word, it has multiple meanings. In our dictionary (here) it has two meanings, none referring to banking. Now, I found this and it seems to relate to funds here. The second meaning is the one you're looking for, and it would appear fondear would translate "to fund".

Note: My answer is web-based research, i'm not really familiar with this word.

Answer 3

That's an extra charge for sending money.

A fondeo must be some type of hold placed on money so you don't pay the extra charge. How do I translate "fondeo" in this instance? - EKolbinsky, May 24, 2011