[OFFICIAL] Taiwan Guide and Taiwan related matters - Part 7

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OCBC Bank

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Wa like that OCBC card how to use overseas? I think overseas i use my SCB liao.

Physical overseas transaction would be as per normal..The bank admin fees + visa/mastercard fees..

Or like the usual flyscoot.com.tw purchase and charged in NTD online using cc would be as per above..

Somehow this 0.8% is closing up the loophole of purchases done online from overseas web and having them bill you in SGD which effectively siam the typical forex scenario..

Hi Gixxerfied & calkel20,

If an overseas transaction is charged in the currency other than SGD, a 2.8% fee will be levied.

If an overseas transaction is made in SGD (if such an option is made available by merchant), a Dynamic Currency Conversion (DCC) Fee of 0.8% on Visa or 1% on Mastercard is incurred.

Hope this clarifies.

^Wilson
 

calkel20

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Hi Gixxerfied & calkel20,

If an overseas transaction is charged in the currency other than SGD, a 2.8% fee will be levied.

If an overseas transaction is made in SGD (if such an option is made available by merchant), a Dynamic Currency Conversion (DCC) Fee of 0.8% on Visa or 1% on Mastercard is incurred.

Hope this clarifies.

^Wilson
So it means we have to select to SGD... If swipe card overseas, means GG!
2.8% incurred.
 

Gixxerfied

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Means charged in sgd is cheaper? 0.8%/1% vs 2.8%.

It depends on the website's rate..Like Amazon's SGD rates ma chiam paypal...Imagine u gong gong(I believe u will :s13:) go use SGD on Amazon kena sucky rates then kena another 0.8% from OCBC..Dbl combo !!!

wahhh OCBC also come post here ah...

Kudos for their effort but gonna cancel it anyway..The criteria to hit 6% not attractive anymore..

So it means we have to select to SGD... If swipe card overseas, means GG!
2.8% incurred.

OCBC - 1.8%
Visa/Mastercard - 1%

Got visa and mastercard exchange rate page one..
 
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Whisper

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Garfield.. U got go singtel website redeem free coffee bean drink mah? :s34:
 
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