Currency in Cambodia

On Sun, 19 Sep 2004 07:26:16 -0700, comcast wrote:

By the
way, my bank charges me nothing for using cash advance.


From a credit card? I'm surprised, but if so, its up to them. The deal
with Visa and Mastercard is based on reciprocity. Member banks are
supposed to issue cash advances without charge and then charge their
own customers when they use that service from other banks.

That is why you should shop around for your VISA card.


I do, but you've obviously done a better job at it than I did. My bank
charges me 1.25% for cash advances on a credit card. Out of interest
(no pun intended), which credit card do you have that charges nothing?

Chris
That is, if you pay your balance in full every month There are lots
of credit users who do not pay off their balance each month. That is
where the Credit card issuers make lot of money from.

Again, can I ask which credit card it is you have which doesn't charge
a fee for taking cash advances overseas? Can you name it please? I'm
sure a lot of travelers would be interested to know.

Chris

Chris Blunt wrote:
On Sun, 19 Sep 2004 07:26:16 -0700, comcast wrote:


By the
way, my bank charges me nothing for using cash advance.


From a credit card? I'm surprised, but if so, its up to them. The deal

with Visa and Mastercard is based on reciprocity. Member banks are
supposed to issue cash advances without charge and then charge their
own customers when they use that service from other banks.

That is why you should shop around for your VISA card.


I do, but you've obviously done a better job at it than I did. My bank
charges me 1.25% for cash advances on a credit card. Out of interest
(no pun intended), which credit card do you have that charges nothing?

Chris

That is, if you pay your balance in full every month There are lots
of credit users who do not pay off their balance each month. That is
where the Credit card issuers make lot of money from.


Again, can I ask which credit card it is you have which doesn't charge
a fee for taking cash advances overseas? Can you name it please? I'm
sure a lot of travelers would be interested to know.

Chris

a visa card from my local Credit Union, that is.
Shop around is the key.

Lilo wrote:

a visa card from my local Credit Union, that is.
Shop around is the key.

I guess u just need to read ur bills from them more carefully.

Canadian Bank in Siam Rep charges nothing for mastercards,
but they are a bit crowded and need at least 30 minutes
for their intern procedure.

Never tried them in Phnom Phen, anybody knows if it works
like in Siam Rep ?

BTW, I don´t remember the exact rates, but while waiting
I saw they have amazingly high rates for foreign cash deposits.

I really hated it :
"Sir, u sign here for 500 $ but we give u only 490."

Never ever saw anything like that before. It´s just a rip off
and nothing else.

Karl

Lilo wrote:

a visa card from my local Credit Union, that is.
Shop around is the key.

I guess u just need to read ur bills from them more carefully.

Canadian Bank in Siam Rep charges nothing for mastercards,
but they are a bit crowded and need at least 30 minutes
for their intern procedure.

Never tried them in Phnom Phen, anybody knows if it works
like in Siam Rep ?

BTW, I don´t remember the exact rates, but while waiting
I saw they have amazingly high rates for foreign cash deposits.

I really hated it :
"Sir, u sign here for 500 $ but we give u only 490."

Never ever saw anything like that before. It´s just a rip off
and nothing else.

Karl

Karl Jacob wrote:
Lilo wrote:


a visa card from my local Credit Union, that is.
Shop around is the key.


I guess u just need to read ur bills from them more carefully.

Canadian Bank in Siam Rep charges nothing for mastercards,
but they are a bit crowded and need at least 30 minutes
for their intern procedure.

Never tried them in Phnom Phen, anybody knows if it works
like in Siam Rep ?

BTW, I don´t remember the exact rates, but while waiting
I saw they have amazingly high rates for foreign cash deposits.

I really hated it :
"Sir, u sign here for 500 $ but we give u only 490."

Never ever saw anything like that before. It´s just a rip off
and nothing else.

Karl


I think what they charge 5-6 dollars has nothing to do with VISA/Master
agreement, it is the cambodian bank doing their business. It costs a
lot money to transport money around in Cambodia, if not only dangerous
for them. It is a supply and demand issue. IF you think the fee is too
high, carry a lot cash next time you are in Cambodia.

Karl Jacob wrote:
Lilo wrote:


a visa card from my local Credit Union, that is.
Shop around is the key.


I guess u just need to read ur bills from them more carefully.

Canadian Bank in Siam Rep charges nothing for mastercards,
but they are a bit crowded and need at least 30 minutes
for their intern procedure.

Never tried them in Phnom Phen, anybody knows if it works
like in Siam Rep ?

BTW, I don´t remember the exact rates, but while waiting
I saw they have amazingly high rates for foreign cash deposits.

I really hated it :
"Sir, u sign here for 500 $ but we give u only 490."

Never ever saw anything like that before. It´s just a rip off
and nothing else.

Karl


I think what they charge 5-6 dollars has nothing to do with VISA/Master
agreement, it is the cambodian bank doing their business. It costs a
lot money to transport money around in Cambodia, if not only dangerous
for them. It is a supply and demand issue. IF you think the fee is too
high, carry a lot cash next time you are in Cambodia.

Karl Jacob wrote:
Lilo wrote:


a visa card from my local Credit Union, that is.
Shop around is the key.


I guess u just need to read ur bills from them more carefully.

Canadian Bank in Siam Rep charges nothing for mastercards,
but they are a bit crowded and need at least 30 minutes
for their intern procedure.

Never tried them in Phnom Phen, anybody knows if it works
like in Siam Rep ?

BTW, I don´t remember the exact rates, but while waiting
I saw they have amazingly high rates for foreign cash deposits.

I really hated it :
"Sir, u sign here for 500 $ but we give u only 490."

Never ever saw anything like that before. It´s just a rip off
and nothing else.

Karl


I think what they charge 5-6 dollars has nothing to do with VISA/Master
agreement, it is the cambodian bank doing their business. It costs a
lot money to transport money around in Cambodia, if not only dangerous
for them. It is a supply and demand issue. IF you think the fee is too
high, carry a lot cash next time you are in Cambodia.

Lilo wrote:

I think what they charge 5-6 dollars has nothing to do with
VISA/Master agreement, it is the cambodian bank doing their business.
It costs a lot money to transport money around in Cambodia, if not
only dangerous for them. It is a supply and demand issue. IF you
think the fee is too high, carry a lot cash next time you are in
Cambodia.

why not just send them money and stay at home ?

Karl Jacob wrote:
Lilo wrote:


I think what they charge 5-6 dollars has nothing to do with
VISA/Master agreement, it is the cambodian bank doing their business.
It costs a lot money to transport money around in Cambodia, if not
only dangerous for them. It is a supply and demand issue. IF you
think the fee is too high, carry a lot cash next time you are in
Cambodia.


why not just send them money and stay at home ?


Yeb, stay home if you want to save $6-7 dollars.

Karl Jacob wrote:
Lilo wrote:


I think what they charge 5-6 dollars has nothing to do with
VISA/Master agreement, it is the cambodian bank doing their business.
It costs a lot money to transport money around in Cambodia, if not
only dangerous for them. It is a supply and demand issue. IF you
think the fee is too high, carry a lot cash next time you are in
Cambodia.


why not just send them money and stay at home ?


Yeb, stay home if you want to save $6-7 dollars.