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 Debit Card V3

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OMG!
post Jul 4 2012, 12:05 PM

Raymond
******
Senior Member
1,397 posts

Joined: Jan 2009
From: Peaceful Island



Wish to ask if i were to withdraw my money at South Korea using Maybank Debit card, how much 'extra fees' would I be charged, in Woons or MYR?

I heard that ATM machine in South Korea will automatically change the currency rates from MYR to KRW once I activate my overseas flag, how is the exchange rates be for money withdrawing on ATM in South korea?


Added on July 4, 2012, 12:06 pm
QUOTE(MilesAndMore @ Jul 2 2012, 06:54 PM)
Maybank debit card is better if you are going to use it for overseas purchases as Maybank debit/credit card is known to give a very favourable exchange rate. Do note that there will be 0.5% admin fee for all transactions made in foreign currency. For Public Bank D2D VISA, the admin fee charged is 1%.

If you go for Maybank, i'd suggest you to specifically request for the Maybankard Manchester United VISA debit cardas this card gives you 1x Treatpoint for every RM2 charged to your card whereas the regular Maybankard Cherry VISA debit card gives you 1x Treatpoint for every RM3. Treatpoint is something like Bonuslink where you accumulate points to certain amount before you can redeem for a gift or shopping voucher.
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Does that also apply to withdrawing money from ATM machine using maybank Debit Card ( with Visa) in South Korea?

This post has been edited by OMG!: Jul 4 2012, 12:06 PM
OMG!
post Jul 5 2012, 12:15 PM

Raymond
******
Senior Member
1,397 posts

Joined: Jan 2009
From: Peaceful Island



QUOTE(MilesAndMore @ Jul 4 2012, 11:56 PM)


Anyway, since you have a Maybank VISA debit card. I strongly suggest that you just use your Maybank VISA debit card to pay for anything at all places that accepts debit/credit card in Seoul. I've used my Maybank credit card many times during my last trip to Seoul just two months ago and the rate was KRW1,000 = RM2.73-RM2.74. I used the card to buy something online again and was charged in KRW just last month and the rate was KRW1,000 = RM2.73 for the first time and KRW1,000 = RM2.76 for another transaction done a few weeks later. As you can see, the final exchange rate is even lower than the rate offered by money changer in Malaysia which is around KRW1,000 = RM2.78-RM2.82  thumbup.gif
Anytime  smile.gif

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Thank you for your helpful reply. smile.gif

well, as I will be going to Busan,daegu and jeju as well, do you mean all places in South Korea will accept Maybank debit card for any purchases in any shopping malls/outlets?

So in this respect, it is better to opt for Maybank MU Visa Debit Card as the points accumulated are higher right?



 

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