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Post by Deleted on Mar 15, 2018 18:00:12 GMT 7
I will stick with My Citibank card No fees Bangkok Bank TT Rates I look to try get the best rate Get inside Bangkok Bank Only drawback will be only A$1000 at a time from April 1 So will bring more money in till then I see money Transferwise changed here fees up A Virgin Offshoot
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Post by nomadic on Mar 15, 2018 18:46:46 GMT 7
Like bedwin, i will also stick to my methods. Transfer by internet once or twice a year for a small fee and on visits bring back some cash. When A$ is low I take from Thai bank account and when high change cash. I just spoke to a kiwi who lives in Oz but spends 6 months travelling around here. He swears by cash also. Best exchange rates and no fees ever. Not the safest but best if all goes to plan. To each his own i guess. But when it comes to changing cash it seems that one day one bank is better than the others and then next week the other is best. Usually not much difference unless changing a lot. but i usually check two or three before i change. They always vary.
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Post by jessemojo4 on Aug 13, 2018 10:34:10 GMT 7
Hey Mick, l use ING Aust bank, my pension is paid directly into a Savings Maximiser account and becoz it's over $1000 mth they issue me an Orange Everyday account with an ATM card. This account refunds ALL fees the instant they're processed. This card can be used Overseas without Any probs, they recently added a 5 minimum purchase per mth to receive their total fee free service, so if you shop in supermarket like me this is easy. I leave my pension in the SavMax account and transfer into the Orange account prior to goin shopping, all done in a flash on my iPod touch. Any money which you have in the SavMax account will receive better interest than Any Oz bank, and also a Bonus interest all paid monthly. I'm pretty poor, haven't worked for 20 years becoz of health issues But l just Love the monthly interest l cop is about $140! Much better than paying fees to the mongrel Oz banks, Cheers give it a go
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Post by jessemojo4 on Aug 13, 2018 10:50:23 GMT 7
The eyes fail me at times, l thought Mick's post was 2018, anyway I was using Citibank until ING became fee free OS, prob with CITI is there's Always a delay to access any money l put into that account and a delayed transaction until the exchange rate seems to benefit them
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Post by Deleted on Aug 13, 2018 12:08:19 GMT 7
I was looking to Citibank to be the answer to my prayers! In Chiang mai it worked great; go in with passport, fill in address & sign chit, you got your money. Transactions took a few days to show up on their app, which got confusing for me and up country doing a withdrawal inside Bangkok Bank was an hour long at at least. It was a real pain!
Now I just use TransferWise from OZ bank to Thai bank; I'm getting mid range market rates Bht24.6-9. I do the transfer Tuesday evening and have money usually by mid-morning Thursday. The transfer is free if you use the new fangled payment method (can't remember the name) but fees can vary doing it other ways as does delivery times
It certainly seems like one size doesn't fit all and once we find what fits best, we stick with it. Cheers bear
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Post by itsmylife08 on Aug 13, 2018 13:23:29 GMT 7
I use Citibank both here and in OZ and have always found them very good and easy to deal with. Always get the best rates available, Never any problems fingers crossed
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Post by nomadic on Aug 13, 2018 18:51:45 GMT 7
Are you on the bread line or even mama line bear? Why do it weekly? I only do it twice a year or so. From oz bank to Thai one. small charge but only twice a year because charge is same no matter the amount.
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Post by Deleted on Aug 13, 2018 19:21:14 GMT 7
Are you on the bread line or even mama line bear? Why do it weekly? I only do it twice a year or so. From oz bank to Thai one. small charge but only twice a year because charge is same no matter the amount. I was on the breadline when I got here nomadic and do it fortnightly to keep things in check and get some savings up. My visa gaurantee money isn't in the country as yet and come hell or high water it shall forever remain what it is; My Gaurantee! I'm doing fine, planning a month home at Christmas to organise a few more things, back early January to do another ninety days and extension. I am farang jon; the government pays me fortnightly and what I transfer is it for the fortnight. I hand it over and when it's gone it's gone. It's bear's suttle plan of fiscal education and it is working. I am not an ATM & I am not going under. Cheers bear
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Post by nomadic on Aug 14, 2018 7:40:51 GMT 7
Good to hear. Yes it does take years to build up. I forgot I also use to go to ATM every pay day to start with way back then. But then got home one year and saw bank had kept two weeks pension in fees and said never again. Was $500.00.(yes DSP was only A$250.00 a week then). Pure theft of the disabled was how i saw it and in those days there was no ATM fee from Thai banks. I use to get it all from ATM. So at least i don't need to post you some cheap pineapples or avocado's as you are eating well enough i think. Internet has certainly made it easier for me over last 3 years. I haven't used an ATM for at least 5 years now. The thief in the wall is now obsolete.
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Post by coogeeboy on Sept 20, 2018 19:57:28 GMT 7
How does western union work? , I'm currently in the UK , can I for example send money to myself for when I arrive back in Australia thus avoiding bank & ATO snooping
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Post by Denis-NFA on Sept 20, 2018 20:58:32 GMT 7
How does western union work? , I'm currently in the UK , can I for example send money to myself for when I arrive back in Australia thus avoiding bank & ATO snooping I used western union for a few years when I first came to the Philippines and yes you can send money to yourself from UK to Australia as that is what I did only Australia to the Philippines. I set it all up before I left Australia so I could online transfer money from my Australian account to my Australian based Western Union account that I also instructed online to send to me in the Philippines. The good thing about Western Union here is that they are everywhere and you can get cash in hand. They will also transfer to a bank account which used to save a bit in fees. I'd be wary if you think you would avoid Bank and ATO snooping because we are all numbers now and in this day and age there are fairly strong oversight on transfers of money within countries and country to country.
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Post by boku on Mar 5, 2020 0:27:05 GMT 7
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Post by boku on Mar 5, 2020 2:32:28 GMT 7
Good to hear. Yes it does take years to build up. I forgot I also use to go to ATM every pay day to start with way back then. But then got home one year and saw bank had kept two weeks pension in fees and said never again. Was $500.00.(yes DSP was only A$250.00 a week then). Pure theft of the disabled was how i saw it and in those days there was no ATM fee from Thai banks. I use to get it all from ATM. So at least i don't need to post you some cheap pineapples or avocado's as you are eating well enough i think. Internet has certainly made it easier for me over last 3 years. I haven't used an ATM for at least 5 years now. The thief in the wall is now obsolete. All you guys swear by Citibank for a everyday savings account what about holding a aussie bank low limit credit card like 28 degrees MasterCard, Westpac basics low fee MasterCard that both don't charge international currency exchange fees or charges on purchases?? If you keep an eye on finder.com.au some of the big aussie Banks have cash back credit card promotions like spend $800 on purchases within the first 3 months of opening the banks credit card and get $250 back. I did that with Westpac last October and seeing as I had a healthy credit score I managed to do a 0% interest balance transfer to a new bank of Melbourne credit card so for a $1000 limit card with Westpac I got $250 back and then no interest or annual feee with BOM/St George vertigo! The trick to staying on top of credit card debt is to set low limits, max them out on purchases, close the card and do a balance transfer without increasing the amount you owe on the new card, close the account and repay the debt quick smart. Do that a few times and you will built a half decent credit score. Stay away from high annual fee frequent flyer air miles card's that have crazy expensive interest rates and minimum credit limits way to high for a Centrelink pensioner to afford to repay. The last thing you want if you don't have much savings is a 5-6k credit card debt even if life in Asia is cheaper. No matter how enticing a free return flight from Singapore to Melbourne sounds believe me you can't afford 20% interest p.a on a $5000 NAB frequent flyer credit card debt. Unless of course you have a sizeable amount of money in a term deposit from superannuation, worker's compensation, real estate investment, ASX share's then that's a different story. A good bank account and credit card to look into if you're planning on purchasing goods and services in Asia is some of the different savings accounts and credit cards from HSBC, they often have promotions like cash back or discount on card purchases made in Malaysia, The Philippines, Hong Kong, Singapore etc at participating businesses and online retailers-travel booking platforms/partners like everything from Expedia, Gloria Jean's coffees, Nando's as well as Asian telco's and hotel chains. www.finder.com.au/hsbc-credit-card-rewards-programHSBC has ATMs althoughout Asia HSBC'S global account is second to none for international purchases without fee's. www.finder.com.au/hsbc-everyday-global-accountwww.hsbc.com.au/accounts/products/everyday-global/internationalservices.hsbc.com/index/account-opening/
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Post by bear on Mar 5, 2020 8:37:23 GMT 7
It really is different strokes for different folks boku . I signed up with Citibank prior to moving here. Below are reasons why, it is now an idle account with under $10. 1. 2-4 day delay in updating account.....quite confusing. 2. Advertised as fee free.....not true for me through ATM's. Only over the counter. 3. Attempting withdrawals over the counter out in the sticks saw up to 2 hour waits as the manager made calls back and forth to who knows where. Basically I found it to be a pain in the #&@£; especially in the sticks. In the city, going into a Bangkok Bank was fast and easy. Citibank doesn't have a big presence in Thailand.....that I can find. I'm more than happy with my current system of transferring for original Oz bank to Thai bank through TransferWise. Every two weeks I transfer at 1 a.m here, and it's in my account by close of business. Only fees now, are to TransferWise.....around $6-8 to transfer $700. I only have one credit card with a $1000 limit...... emergencies only. Cheers bear
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Post by jessemojo4 on Mar 13, 2020 8:05:49 GMT 7
OPTIONS? I'd like to hear any ideas from fellow members re. protecting any money we have in any Oz bank and protecting it; moving it to a safe place, whilst this treacherous Morrison Gov drives Oz into a bottomless pit. Realistically is the lurking possibility of a ' bail in ' being imposed on all Aussies in the not so far future. With me not understanding what this means and how it will affect Ozzies, and living in the Pines without plans of returning to Oz, l wud hope some fellow members here may help explain what it will mean to us Os dsp'ers, and how to a avoid a stressful situation. I originally used Citibank when l first setup here but meaningless delays made my old ING, with absolutely No fees or delays and bonus interest, made it a breath of fresh air to use, but both of these are Aust Banks so l assume they won't escape a national ScumHo bail in. Any input would be appreciated.
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