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#11
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Please, pretty please - which banks provide these services so cheaply. My
bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ "Miguel Cruz" wrote in message ... Spehro Pefhany wrote: Chris Blunt wrote: Looking at the most recent foreign currency withdrawal on my account, I was given a rate of GBP=PHP102.528 for a transaction dated April 6th 2005. According to www.oanda.com the average interbank exchange rate for that day was GBP=PHP103.101, so the rate I got was about 0.5% away from that. A HK bank told me that any fees like the 2.5% or whatever results from using the Cirrus/Maestro network, and that they only charge a flat fee of HKD25 per transaction. I don't bank with them so I don't know how true that is. I think the HK bank was lying, unless there's something special about Hong Kong. Like Chris, I usually pay 0.5% over interbank for withdrawals in major currencies, and I don't pay any other fees for ATM transactions. miguel -- Hit The Road! Photos from 36 countries on 5 continents: http://travel.u.nu Latest photos: Jordan, Turkey, Malaysia, Thailand, Indonesia, Israel |
#12
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Please, pretty please - which banks provide these services so cheaply. My
bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ "Miguel Cruz" wrote in message ... Spehro Pefhany wrote: Chris Blunt wrote: Looking at the most recent foreign currency withdrawal on my account, I was given a rate of GBP=PHP102.528 for a transaction dated April 6th 2005. According to www.oanda.com the average interbank exchange rate for that day was GBP=PHP103.101, so the rate I got was about 0.5% away from that. A HK bank told me that any fees like the 2.5% or whatever results from using the Cirrus/Maestro network, and that they only charge a flat fee of HKD25 per transaction. I don't bank with them so I don't know how true that is. I think the HK bank was lying, unless there's something special about Hong Kong. Like Chris, I usually pay 0.5% over interbank for withdrawals in major currencies, and I don't pay any other fees for ATM transactions. miguel -- Hit The Road! Photos from 36 countries on 5 continents: http://travel.u.nu Latest photos: Jordan, Turkey, Malaysia, Thailand, Indonesia, Israel |
#13
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On Sun, 10 Apr 2005 09:34:24 +1000, "A Mate"
wrote: Please, pretty please - which banks provide these services so cheaply. My bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ In my case, its the Nationwide Building Society in the UK, so unlikely to be of much use to you. I also get a reasonably good deal from HSBC. They make no charge for using ATM's at other branches of HSBC anywhere in the world, and if you're a Premier account holder you get a better exchange rate also. I don't think its quite as good as the 0.5%, but certainly within 1% of interbank. You just have to shop around and ask various banks in your area what they charge. Chris "Miguel Cruz" wrote in message ... Spehro Pefhany wrote: Chris Blunt wrote: Looking at the most recent foreign currency withdrawal on my account, I was given a rate of GBP=PHP102.528 for a transaction dated April 6th 2005. According to www.oanda.com the average interbank exchange rate for that day was GBP=PHP103.101, so the rate I got was about 0.5% away from that. A HK bank told me that any fees like the 2.5% or whatever results from using the Cirrus/Maestro network, and that they only charge a flat fee of HKD25 per transaction. I don't bank with them so I don't know how true that is. I think the HK bank was lying, unless there's something special about Hong Kong. Like Chris, I usually pay 0.5% over interbank for withdrawals in major currencies, and I don't pay any other fees for ATM transactions. miguel -- Hit The Road! Photos from 36 countries on 5 continents: http://travel.u.nu Latest photos: Jordan, Turkey, Malaysia, Thailand, Indonesia, Israel |
#14
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On Sun, 10 Apr 2005 09:34:24 +1000, "A Mate"
wrote: Please, pretty please - which banks provide these services so cheaply. My bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ In my case, its the Nationwide Building Society in the UK, so unlikely to be of much use to you. I also get a reasonably good deal from HSBC. They make no charge for using ATM's at other branches of HSBC anywhere in the world, and if you're a Premier account holder you get a better exchange rate also. I don't think its quite as good as the 0.5%, but certainly within 1% of interbank. You just have to shop around and ask various banks in your area what they charge. Chris "Miguel Cruz" wrote in message ... Spehro Pefhany wrote: Chris Blunt wrote: Looking at the most recent foreign currency withdrawal on my account, I was given a rate of GBP=PHP102.528 for a transaction dated April 6th 2005. According to www.oanda.com the average interbank exchange rate for that day was GBP=PHP103.101, so the rate I got was about 0.5% away from that. A HK bank told me that any fees like the 2.5% or whatever results from using the Cirrus/Maestro network, and that they only charge a flat fee of HKD25 per transaction. I don't bank with them so I don't know how true that is. I think the HK bank was lying, unless there's something special about Hong Kong. Like Chris, I usually pay 0.5% over interbank for withdrawals in major currencies, and I don't pay any other fees for ATM transactions. miguel -- Hit The Road! Photos from 36 countries on 5 continents: http://travel.u.nu Latest photos: Jordan, Turkey, Malaysia, Thailand, Indonesia, Israel |
#15
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A Mate wrote:
Please, pretty please - which banks provide these services so cheaply. My bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ Those of you in Australia seem to get the short end of the stick when it comes to consumer banking. There are dozens, and probably hundreds, of banks in the US offering no-fee worldwide ATM withdrawals. miguel -- Hit The Road! Photos from 36 countries on 5 continents: http://travel.u.nu Latest photos: Jordan, Turkey, Malaysia, Thailand, Indonesia, Israel |
#17
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On Sun, 10 Apr 2005 08:30:13 -0500, the renowned
(Miguel Cruz) wrote: A Mate wrote: Please, pretty please - which banks provide these services so cheaply. My bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ Those of you in Australia seem to get the short end of the stick when it comes to consumer banking. There are dozens, and probably hundreds, of banks in the US offering no-fee worldwide ATM withdrawals. miguel Canada too, at least among the major chartered banks. Competition is limited in their oligopoly position, so they get to be big fish in a small pond, and make (literally) billions in profits each every year. Foreign banks such as HSBC might be better, but they have a fraction of the branches (the big 5 or so banks are everywhere) so you would end up paying more fees domestically to withdraw money. Best regards, Spehro Pefhany -- "it's the network..." "The Journey is the reward" Info for manufacturers: http://www.trexon.com Embedded software/hardware/analog Info for designers: http://www.speff.com |
#18
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On Sun, 10 Apr 2005 08:30:13 -0500, the renowned
(Miguel Cruz) wrote: A Mate wrote: Please, pretty please - which banks provide these services so cheaply. My bank doesn't, but if Miguel's bank or Chris' bank have a presence in Australia................ Those of you in Australia seem to get the short end of the stick when it comes to consumer banking. There are dozens, and probably hundreds, of banks in the US offering no-fee worldwide ATM withdrawals. miguel Canada too, at least among the major chartered banks. Competition is limited in their oligopoly position, so they get to be big fish in a small pond, and make (literally) billions in profits each every year. Foreign banks such as HSBC might be better, but they have a fraction of the branches (the big 5 or so banks are everywhere) so you would end up paying more fees domestically to withdraw money. Best regards, Spehro Pefhany -- "it's the network..." "The Journey is the reward" Info for manufacturers: http://www.trexon.com Embedded software/hardware/analog Info for designers: http://www.speff.com |
#19
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Miguel Cruz wrote: Spehro Pefhany wrote: Chris Blunt wrote: Looking at the most recent foreign currency withdrawal on my account, I was given a rate of GBP=PHP102.528 for a transaction dated April 6th 2005. According to www.oanda.com the average interbank exchange rate for that day was GBP=PHP103.101, so the rate I got was about 0.5% away from that. A HK bank told me that any fees like the 2.5% or whatever results from using the Cirrus/Maestro network, and that they only charge a flat fee of HKD25 per transaction. I don't bank with them so I don't know how true that is. I think the HK bank was lying, unless there's something special about Hong Kong. Like Chris, I usually pay 0.5% over interbank for withdrawals in major currencies, and I don't pay any other fees for ATM transactions. There are charges based on the Cirrus (and other) network. A proper bank will absorb those costs. Even in the US where there is a charge from a bank for people using their ATMs who are not their customers, good banks and credit unions absorb that cost and don't pass it on to their customers. I use my ATM in Asia regularly and have never paid an ATM charge. |
#20
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In article . com,
Tchiowa says... There are charges based on the Cirrus (and other) network. A proper bank will absorb those costs. Looks like here in Germany we don't have proper banks - 4 Euro fee if you withdraw from an ATM which does not belong to your bank. -- Alfred Molon http://www.molon.de/Galleries.htm - Photos from China, Myanmar, Brunei, Malaysia, Thailand, Laos, Cambodia, Nepal, Egypt, Germany, Austria, Prague, Budapest, Singapore and Portugal |
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