jackdd Posted March 23, 2018 Share Posted March 23, 2018 4 minutes ago, SunsetT said: Also the Mastercard exchange rate calculator shown online now is total fantasy! They are clearly just using it to promote themselves as u never get those rates on purchases or ATM withdrawals. I dont know how they get away with it! The rates on the their old website used to be quite accurate and reflected the exchange rates u would get in the real world. But not anymore. Maybe your bank is charging you a fee? I just checked it for one of my cards where the bank is applying a 3.5% fee, and if i put these 3.5% in the "bank fee" field of the Mastercard exchange rate calculator it matches exactly my bank statement. Link to comment Share on other sites More sharing options...
Pib Posted March 23, 2018 Share Posted March 23, 2018 (edited) 1 hour ago, SunsetT said: Also the Mastercard exchange rate calculator shown online now is total fantasy! They are clearly just using it to promote themselves as u never get those rates on purchases or ATM withdrawals. I dont know how they get away with it! The rates on the their old website used to be quite accurate and reflected the exchange rates u would get in the real world. But not anymore. Not it not fantasy....it's fact...exactly on. However a person does need to know what foreign transaction fee his card-issuing bank is charging and on which date the transaction "posted" (a.k.a., cleared, settled). Edited March 23, 2018 by Pib 2 Link to comment Share on other sites More sharing options...
SunsetT Posted March 23, 2018 Share Posted March 23, 2018 7 hours ago, jackdd said: Maybe your bank is charging you a fee? I just checked it for one of my cards where the bank is applying a 3.5% fee, and if i put these 3.5% in the "bank fee" field of the Mastercard exchange rate calculator it matches exactly my bank statement. No fee with my UK Halifax Clarity card. Anyway....Once u take out the Thai ATM withdrawal fee, whatever it is now, it does not come close to the Transferwise rate. 1 Link to comment Share on other sites More sharing options...
jackdd Posted March 24, 2018 Share Posted March 24, 2018 (edited) 7 hours ago, SunsetT said: No fee with my UK Halifax Clarity card. Anyway....Once u take out the Thai ATM withdrawal fee, whatever it is now, it does not come close to the Transferwise rate. I have a another Mastercard that charges 0% fees and the bank in Germany who issues it refunds the 220THB ATM fee. There are not many cards like this (in Germany i know only this one card), but they are possible to get. But this card has a limit of 10k per day and 100k per month, so if i would suddenly need 200k THB, i would opt for Transferwise Edited March 24, 2018 by jackdd 1 Link to comment Share on other sites More sharing options...
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