i do a lot of foreign online transaction every month, can somebody advise me which bank is good for the rate and charges?

1) OCBC
2) CIMB
3) Standard Chartered
4) Alliance
5) Hong Leong

thanks

This time around I use maybank visa debit to make online purchase in Sterling Pound. So what I recognise is Maybank Visa Debit charges is a lot lower.
Here's the drill.

Maybank Visa Debit - charge 1.25% of transaction date Exchange rate at 0% commission.
CIMB Mastercard debit - charge 2% of transaction date Exchange rate at 0% commission.

Next time I'll use maybank for sure. But unfortunately, yesterday my maybank got not enough money.

for overseas spending, can i confirm that it is based on these 2 factors?
1. foreign exchange (based on exchange rate by mastercard, visa, amex)
2. overseas transaction fees (imposed by banks)

1. for foreign exchange - it is generally accepted that mastercard offers better exchange rates compared to visa?

2. for overseas transaction fees
- public bank > aeon > maybank > cimb - for same type of card
- what about hong leong bank, ambank ?

visa is lower than mastercard.

I try both the hong leong essential and im card,
essential is 2%
and im card is 1%.

Hi All Sifu

Planning to purchase things from US via paypal.

Which CC would you recommend to use? I have hong leong, ambank, and maybank debit

Appreciate your highlight

Thank you

Can someone advise me. Newbie here. trying to buy something in NZD using my Public Bank Visa. Which is the better/cheaper option to pay in?


Option 1


Option 2


Thank you for your help

Rule of thumb is to always pay in the payment currency which in your case is NZD.

from my own experience paypal will charge you with their own rate which is really high

Yes

We can choose to use our own CC or debit card for payment

my experience recently is buy something from ebay just last month
before this i think there is an option or something that let paypal just charge your credit card in USD or any non local curreny instead of using paypal predetermined rate
my last transaction straight get paypal rate without any choice or i got really bad eyesight during the selection screen and the charge rate is facepalm worthy
make 100% sure that it's gonna charge you in USD instead of RM not sure how... i rarely use paypal anyway will consider avoid using paypal

Thank you for the recommendation

Rate is still high. Finger still refused to press the pay button

I used PBB VS and the commission seems to be 1.25%

Transaction Date	Posting Date	Amount in foreign currency	Amount in MYR	Exchange Rate	Visa Rate (posting date)	Fee %
10/03/2017	10/03/2017	SGD 40	127.64	3.191	3.151505	1.25%
11/03/2017	11/03/2017	SGD 200	640.65	3.20325	3.163718	1.25%

credit to adele123 for the table's format.

This post has been edited by lamode: Mar 12 2017, 02:37 PM

for AmBank rates,
via https://forum.lowyat.net/index.php?showtopi...post&p=83434015

Local Banks
- Maybank2C VISA/MasterCard : 2.26% (~ 1% + 1.25%)
- Maybank2C AMEX : 2.5%
- Maybank American Express with Maybank logo on top : 2.8-3%
- American Express : 2.8 -3%
- CIMB Bank : (cashback plat) 2.53% (should be ~ 1% + 1.5%)
- CIMB BANK (MC) 2%
- Public Bank : 1.25%, (visa signature) 1.0125%
- RHB Bank : (master plat) 1.02%
- AmBank : visa - 2.0 to 2.2%, (MC) - 1%
- Hong Leong Bank VISA/MasterCard:
- EON Bank :
- Affin Bank :
- Alliance :
- Aeon: (gold) 1.5% (watami) 0.8-1.2%

Foreign Banks
- HSBC : (visa plat) 2.27% (should be ~ 1% + 1.25%)
- OCBC bank :
- Standard Chartered :
- UOB Bank : (YOLO) 2.5%
- Citibank : 1% + 1.4% (= 2.414%)
(if SGD, it is just 0.5%. surprising)

anyone has experience with refund in foreign currency?

does it follows the rate that was charged previously (as if reversing the transaction) OR it follows the rate of the date of refund (possible gain or loss due to fluctuation of exchange rate)?

This post has been edited by lamode: Mar 14 2017, 10:09 PM

Normally it follow rate on refund date

UOB Visa, YOLO.

Transaction Date	Posting Date	Amount in foreign currency	Amount in MYR	Exchange Rate	Visa Rate	Fee %
12/03/2017	14/03/2017	TWD 6116	899.87	0.147134	0.143939	2.21%
26/12/2016	28/12/2016	SGD34.95	111	3.175966	3.107131	2.21%

Visa rate is based on transaction date/one day after transaction date, as both cases are the same.

If based on posting date, SGD is 2.5% and TWD is 2.25%. I dont think posting date is the key here.

Would be glad if someone can provide their input.

This post has been edited by adele123: Mar 15 2017, 08:05 AM

aeon new visa gold

NTD 650
MYR 95.27
AEON NEW VISA GOLD RATE 6.822714391
VISA OFFICIAL RATE 6.949753284
VARIANCE % 1.83

Used my HLB Wise VISA a few times overseas just a few days ago. On Day 1 I used the card at a Ginseng Chicken Soup restaurant and later at a shop selling pearl milk tea. On Day 2 I used the card again at a restaurant and the same shop selling pearl milk tea. The transaction at the shop selling pearl milk tea on Day 1 was first posted to my account. The other transaction made at the Ginseng Chicken Soup restaurant did not appear for another day together with my second purchase of a pearl milk tea at the pearl milk tea shop. Though the transaction at the Ginseng Chicken Soup restaurant and the pearl milk tea was made on the same day with just about an hour apart, the final exchange rate is different as the posting date for these two transactions are different. The final exchange rate for the transaction made at the Ginseng Chicken Soup restaurant on Day 1 is almost the same as the one for the transaction made at the pearl milk tea shop on Day 2 as these two transactions carry the same posting date. Therefore I believe the final exchange rate is based on posting date.

Anyone kind enough to update and complete the rate?