QUOTE(dwRK @ Oct 13 2021, 11:36 PM)
cybpsych... found the general debit card details...i guess MAE will follow clause 63 Conversion for Overseas transaction
BP grandfathered MasterCard moving everyone Visa... nevertheless Visa's fx only marginally higher than MasterCard and not a concerned imho... yes so far only BP and OCBC are 0% markup... almost all others are 1% markup
yep, this covers all their cards across the boardBP grandfathered MasterCard moving everyone Visa... nevertheless Visa's fx only marginally higher than MasterCard and not a concerned imho... yes so far only BP and OCBC are 0% markup... almost all others are 1% markup
most banks do have such fx markup fee of 1% to cover potential fx loss (auth vs settle).
fx can either be favorable to bank (gain/breakeven + markup) or not favorable to bank (cover the gap from the markup, thus reducing fx loss as minimal as possible)
Oct 14 2021, 06:57 AM

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