HSBC AMANAH Mpower Platinum
Transaction Date: 14-Jun-2015
Posting Date: 17-Jun-2015
Transaction amount: JPY 8640
Amount charged: RM226.24
visa rate : 1 JPY = 0.030496 MYR
Effective rate: 1000 JPY = 31.11MYR
Difference: 2.00%

HSBC Mpower comes with 1% unlimited Foreign transaction rebate for year 2015. Thus, The effective bank rate is 0.98%
Effective rate (including 1% cash reabte) 1000 JPY = 30.794 MYR

Throughout my stay in Japan, I swiped HSBC exclusively from 7th June till 19th June (more than 10 swipes), all the bank fees comes up to 2.00% - 2.01%, and after accounting for the 1% rebate, the effective rate charged by HSBC is 0.98%-0.99%

Side note: I did a JPY cash withdrawal at CITIBANK as they provide free overseas withdrawal on the 17th of June. The rate was RM307.65 = 10000 JPY. This means that the fees charged by HSBC, after the 1% rebate is pretty competitive, since CITIBANK ATMs are far and few in between.

This post has been edited by kaiserreich: Jun 20 2015, 08:15 PM