by ផោមក្លិនស្អុយ » Sun May 10, 2020 1:33 pm
stevecz wrote: ↑Sun May 10, 2020 12:49 pm
I do have numerous local accounts, for instance ABA charges 9% transfer fees plus, every transfer has a transfer fee both here and in the country of origin, usually $5 per transaction this can add up to a substantial amount when you are doing this on a monthly basis, Ok just checked out Transferwise exchange rate no better than I can get from any ATM also transfer rate more than local banks.
ABA doesn't charge anything like 9%.
There is something like a 10 dollar charge.
Must be a cracking bank you have to get the same rate as transferwise-I'm sceptical. And also you are paying at least a 5 dollar fee per withdrawal, plus maybe more fees from your home bank for foreign currency withdrawals.
Credit card cash advances are also really expensive, many people don't realise this. For cash advances interest is charged from date of withdrawal and not the end of the month like with normal purchases.
[quote=stevecz post_id=1006011 time=1589089748 user_id=5368]
I do have numerous local accounts, for instance ABA charges 9% transfer fees plus, every transfer has a transfer fee both here and in the country of origin, usually $5 per transaction this can add up to a substantial amount when you are doing this on a monthly basis, Ok just checked out Transferwise exchange rate no better than I can get from any ATM also transfer rate more than local banks.
[/quote]
ABA doesn't charge anything like 9%.
There is something like a 10 dollar charge.
Must be a cracking bank you have to get the same rate as transferwise-I'm sceptical. And also you are paying at least a 5 dollar fee per withdrawal, plus maybe more fees from your home bank for foreign currency withdrawals.
Credit card cash advances are also really expensive, many people don't realise this. For cash advances interest is charged from date of withdrawal and not the end of the month like with normal purchases.