Exchange Rate - Part 2

[Seifer28]

Just to confirm. The purpose of pairing up is so that there are no atm fees when withdrawing from atm. For all other purposes, like paying hotel, buy train tickets, etc, pairing is not required. The exchange rate is not affected by whether paired or not ya? I notice with pairing, the credit card becomes a debit card, money straight away deduct from savings a/c the moment you transact.

You can do anything with your credit card account EXCEPT cash withdrawal
Once you do cash withdrawal using ur credit card account, it becomes a CASH ADVANCE which means you are subjected to crazy interest rates

 

[martin]

You can do anything with your credit card account EXCEPT cash withdrawal
Once you do cash withdrawal using ur credit card account, it becomes a CASH ADVANCE which means you are subjected to crazy interest rates

Huh? Don’t tell me I understood wrongly? The discussions here seem to be that using the Trust card like youtrip and revolut cards give good exchange rates and Trust card no overseas cash advance fees or atm fees. only thing must pair the card with the savings a/c. So I am seeking clarification if my understanding is correct:

 

[Seifer28]

Huh? Don’t tell me I understood wrongly? The discussions here seem to be that using the Trust card like youtrip and revolut cards give good exchange rates and Trust card no overseas cash advance fees or atm fees. only thing must pair the card with the savings a/c. So I am seeking clarification if my understanding is correct:

Just do everything with your TRUST savings account and you'll be fine

 

[naxchua]

Huh? Don’t tell me I understood wrongly? The discussions here seem to be that using the Trust card like youtrip and revolut cards give good exchange rates and Trust card no overseas cash advance fees or atm fees. only thing must pair the card with the savings a/c. So I am seeking clarification if my understanding is correct:

cos some of us may have Trust CC and Savings account... just make sure if you are withdrawing money from overseas ATM, it's from your savings account...

When you use your Trust CC on Credit card terminal, you can charge it to your cc account...

The only thing we don't want to sabo you is that you accidentally withdraw money from your Trust CC instead of your savings account cos it will trigger Cash Advance fee(24% or 28% interest if i m not wrong)...

 

[martin]

Just do everything with your TRUST savings account and you'll be fine

So must pair or not? That’s the part I am not clear. Insert card in atm machine, choose withdraw from savings a/c but so must pair first?

 

[martin]

cos some of us may have Trust CC and Savings account... just make sure if you are withdrawing money from overseas ATM, it's from your savings account...

When you use your Trust CC on Credit card terminal, you can charge it to your cc account...

The only thing we don't want to sabo you is that you accidentally withdraw money from your Trust CC instead of your savings account cos it will trigger Cash Advance fee(24% or 28% interest if i m not wrong)...

I am clear now about withdrawing from savings a/c but the pairing is necessary or not?

 

[naxchua]

I am clear now about withdrawing from savings a/c but the pairing is necessary or not?

Withdrawing from ATM, no need to do pairing...

Only do pairing if you want your CC to deduct from your savings account on terminal... meaning make ur CC become a DC... refer to below screenshot for explanation... hope it's clear...

 

[martin]

Withdrawing from ATM, no need to do pairing...

Only do pairing if you want your CC to deduct from your savings account on terminal... meaning make ur CC become a DC... refer to below screenshot for explanation... hope it's clear...

Thank you so much. Clears up a big misunderstanding I have had. Ok, so atm withdrawal no need pairing.
Then for payment, I don’t see any benefit of pairing at all unless it offers better exchange rate. So then why would anyone want to do pairing and why they even make this like a big feature?

 

[naxchua]

Thank you so much. Clears up a big misunderstanding I have had. Ok, so atm withdrawal no need pairing.
Then for payment, I don’t see any benefit of pairing at all unless it offers better exchange rate. So then why would anyone want to do pairing and why they even make this like a big feature?

welcome... hahaha... no idea... maybe they are digital bank, they wanna provide as much flexibility and control to their customers... Hahahaha....

 

[kopi4ever]

Bro, pink colour leh.
outside airport maybe don't have this pink colour lightbox but BoT atm also not purple, is maroon.
The currency exchange one then is Purpleish.
Anyway, currency exchange one will write damn big "currency exchange", hard to mistake lah.

Just located this atm just before the mrt at the escalator at terminal 1, exchange rate was 22.696. Not too bad for a Sunday I guess.

 

[Joelleyuan]

Just located this atm just before the mrt at the escalator at terminal 1, exchange rate was 22.696. Not too bad for a Sunday I guess.

ya not bad liao. somemore can even just withdraw twd200 at NO FEE.
Maybe u can search for other atm locations n withdraw in the next few days.

 

[sesame246]

I have other foreign currencies and wish to exchange them to TWD in singapore via money changers.

Will I be charged twice on the transaction, ie. convert the foreign currencies in SG and then SG to TWD?

Thanks for advice.

 

[kopi4ever]

ya not bad liao. somemore can even just withdraw twd200 at NO FEE.
Maybe u can search for other atm locations n withdraw in the next few days.

Yes and thank you for the photo, if not I would have mistakenly withdrawn from inside the airport terminal, which is actually foreign exchange atm, no idea whether it would have poorer rates though, but just played safe. Anyways would try again tomorrow at other BoT atm, as there was info here that exchange rates on Sunday would be abit poorer.

 

[Seifer28]

I have other foreign currencies and wish to exchange them to TWD in singapore via money changers.

Will I be charged twice on the transaction, ie. convert the foreign currencies in SG and then SG to TWD?

Thanks for advice.

I suggest you convert them to TWD in TW instead since that will be more direct

 

[calkel20]

I have other foreign currencies and wish to exchange them to TWD in singapore via money changers.

Will I be charged twice on the transaction, ie. convert the foreign currencies in SG and then SG to TWD?

Thanks for advice.

Likely they will charge u two times.
In Taiwan, if you do at the money changer at airport you will be charged 30NTD/transaction.

 

[kopi4ever]

Just did a withdrawal at Bank of Taiwan - Guanqian branch, today rate also 22.69

 

[Duncallmebro]

Bro, pink colour leh.
outside airport maybe don't have this pink colour lightbox but BoT atm also not purple, is maroon.
The currency exchange one then is Purpleish.
Anyway, currency exchange one will write damn big "currency exchange", hard to mistake lah.

Sorry if this has been answered before. Can use YouTrip card with this? Withdrawal charges is not an issue

 

[Seifer28]

Sorry if this has been answered before. Can use YouTrip card with this? Withdrawal charges is not an issue

The answer is Yes.... and there will be a withdrawal fee of $5 charged by Youtrip

 

[Duncallmebro]

The answer is Yes.... and there will be a withdrawal fee of $5 charged by Youtrip

Thank you. I think that'll be good enough for the amount I need

 

[Seifer28]

Thank you. I think that'll be good enough for the amount I need

Just FYI~
per withdrawal at BOT ATM max at 20k NTD