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Banking GXBank - First Malaysian Digital Bank (by Grab), UNLIMITED 1% cashback+3% p.a. interest!

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delphine.88
post Oct 2 2024, 11:44 PM

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Anyone tried withdraw money using gx card in atm in Japan?
Gx don’t have any charges on oversea atm withdrawal. But how about bank in Japan?
delphine.88
post Oct 3 2024, 01:06 PM

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QUOTE(magika @ Oct 3 2024, 11:22 AM)
Gxbank may not have charges but in all banks there are local Atm charges. For Japan using Seven Atm charges are 110 yen for 10000 yen withdrawal.
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Hmm seems like withdraw money in Japan atm has better rate than changing with money changer here in Malaysia.
Can save around rm30 for every 100k yen
delphine.88
post Oct 8 2024, 02:05 PM

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QUOTE(magika @ Oct 3 2024, 01:35 PM)
Japan can use credit/debit card for almost everything without extra charges. If use debit card make sure its unlock for overseas transactions. No need bring so much cash. I change RM17k worth of yen and need force myself to use cash and still has balance of RM7k worth last month. Change around 1.5k per pax will be more than enough for 10 days trip.
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I wanted to avoid paying extra for the bank transaction fee when using credit/debit card.
So the plan is to withdraw cash from atm there.
The rate is much more better than getting it from money changer here
delphine.88
post Oct 8 2024, 04:35 PM

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QUOTE(ClarenceT @ Oct 8 2024, 02:44 PM)
But there is a ATM charge by the ATM owner/operator.
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Ya, 110yen for every 10k yen.
Rate is still better than money changer here

QUOTE(magika @ Oct 8 2024, 03:05 PM)
Not feasible financially just by looking at the rate but neglecting Atm withdrawal fees. Spend using Wise or Gxbank is worth it for sure.

I m travelling overseas at least 4 times a year and also trying to beat the system. But unfortunately its not feasible due to withdrawal fees.
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I included atm withdrawal fee. If one day GXBank start charging for withdrawal fee also, then might be not worth it.
Btw, using gxbank card directly totally have no additional charge? Follow exactly Mastercard conversion rate?

 

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