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Post by thomas on Apr 22, 2016 9:52:34 GMT 7
The strengthening dollar gave me over $100 pay rise this month. Best take advantage of the high $ while it lasts, as the RBA are determined to keep it low
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Post by ghostbuster on Apr 23, 2016 13:33:17 GMT 7
Hi all, can anyone advise me if my Metro Bank debit card from Philippines will work in an atm in Thailand? Will be visiting Thailand on the 26th for 2 days.
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Post by Banjo on Apr 23, 2016 14:32:13 GMT 7
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Post by ghostbuster on Apr 23, 2016 18:48:23 GMT 7
Thanks Banjo i will change money here before i leave. Bernie said basically the same, so i will not be using my card over there. Cheers.
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Post by Banjo on Apr 23, 2016 19:38:36 GMT 7
My mate came in a few years back with a fist full of pesos and tried to change them at the airport and they gave him 1 baht for 2 pesos. shop around to change them here, maybe Bangkok Chinatown.
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Post by mmett on Apr 23, 2016 23:52:50 GMT 7
Has anyone else used Tranferwise.. Works for me How does transferwise work for a pensioner on up moving o/seas?i assume one would have to transfer the pension from bank account here to transferwise through online to the currency required?then where do withdraw the cash from since transferwise is not a bank,can you enlighten me about the process please.
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Post by aussiebernie on Apr 24, 2016 0:10:20 GMT 7
I live in Thailand and use Transferwise for my transfers from Australia. Firstly I do a deal with them for say $1,000. then I go to my internet ANZ account and transfer that money to their Australian bank account. Then I wait for a day or so ( Transferwise are based in the UK, so if I do a transfer to them in the afternoon, they sometimes get the money on the same day ) I then get an email from them saying they have received my money and it has been transferred to my account. Getting into my Thai bank normally takes 3 or 4 working days.
One thing with the transfer is, when you do the transaction, the rate is not set until they transfer the money. So there might be a crash between the time you do the deal and when the money is actually sent. You can overcome this by putting in a limit on how much you will let it drop. If it drops below the limit, you deal is cancelled and the money returned to you. I always set my limit at 1%.
If anyone is interested to use them, you can get your first transfer free. Just PM me your email address and I will put in a referral for you. For every 3 customers I refer, I get 100 English pounds that I am more than happy to share with the guys that do the transfers
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Post by thomas on Apr 24, 2016 19:12:29 GMT 7
Has anyone else used Tranferwise.. Works for me How does transferwise work for a pensioner on up moving o/seas?i assume one would have to transfer the pension from bank account here to transferwise through online to the currency required?then where do withdraw the cash from since transferwise is not a bank,can you enlighten me about the process please. You'll need to open an overseas account, preferably in the country you'll be spending most time What I like most about Tranferwise is the rate is good, as is the fee when sending relatively small amounts of cash. Ie. $1000aud or less. I was sick of being ripped off by the banks. Another mob which I haven't tried and appear OK are World First
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Post by mmett on Apr 24, 2016 21:54:56 GMT 7
How does transferwise work for a pensioner on up moving o/seas?i assume one would have to transfer the pension from bank account here to transferwise through online to the currency required?then where do withdraw the cash from since transferwise is not a bank,can you enlighten me about the process please. You'll need to open an overseas account, preferably in the country you'll be spending most time What I like most about Tranferwise is the rate is good, as is the fee when sending relatively small amounts of cash. Ie. $1000aud or less. I was sick of being ripped off by the banks. Another mob which I haven't tried and appear OK are World First
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Post by mmett on Apr 24, 2016 21:56:56 GMT 7
That's how these banks are making billions and billions dollars profits by ripping of people.
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Post by thomas on Apr 25, 2016 3:37:57 GMT 7
That's how these banks are making billions and billions dollars profits by ripping of people. Banks putting shareholders before customers, that's the result of privatisation
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Post by jessemojo4 on Jul 18, 2016 6:48:30 GMT 7
Thanx Ding, I gotta look into it. Last time I got stuck in the Pines for a lengthy stay I had few big bills to deal with and Combank hit me with nearly $14 every maximum atm withdrawal, and thats w/o local atm fee. Max withdraw's only about $250
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Post by Banjo on Jul 18, 2016 9:37:01 GMT 7
Western Union is world wide, find them in Thailand in the shopping malls, usually out the front of the supermarkets. Australia has them in the post offices etc.
No need for membership, just fill in the form and hand over the cash. I think they charge between 5 and 10% depending on the amount.
Not sure what exchange rate they use.
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Post by notifications off on Jul 18, 2016 10:16:07 GMT 7
Western Union also have online accounts .. I used it yesterday, have option of sending cash or send to bank account .. WU fees are not cheap.
For larger or regular amounts would use Citibank Plus.
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Post by Banjo on Jul 18, 2016 10:24:15 GMT 7
I think that if you join you get a discount but you would need to use it regularly, I've rarely bothered with it, too expensive, but it's handy to send money in emergencies. I've found the best way to do regular payments, with you sending the money, is to open an account that gives you two ATM cards, the recipient has the other one and you pay in what you want to send for an instant transaction. You need to watch the fees though.
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