OCBC Bank
Suspended
- Joined
- Sep 13, 2013
- Messages
- 6,960
- Reaction score
- 118
It was tax refund from Premier Tax & Global Blue.
Thanks for the clarification.
All Foreign currency transactions made in US dollars will be converted into Singapore dollars, and transactions made in foreign currency other than US dollars will first be converted to US dollars before they are converted into Singapore dollars at the rate determined by the respective card associations (Visa or MasterCard International)
The conversion rate is applied on the date of posting to the Card Account and may be different from the rate in effect on the date of transaction.
All foreign currency transactions mentioned above (including reversals and refunds) will be subject to:
(i) Conversion costs incurred by the bank at 1% ; and/or
(ii) Bank Administrative Fee of 1.8%
^DG