nemo38 Posted August 13, 2007 Share Posted August 13, 2007 Does anyone know if I will get onshore or offshore rates withdrawing cash with my HSBC ATM card? Link to comment Share on other sites More sharing options...
Kf6vci Posted August 13, 2007 Share Posted August 13, 2007 (edited) As a UK Premier customer, I am never charged for any ATM withdrawals. But I neverused my offshore ATM card yet. Theexchangerateremainsunchanged for all customers. ** Beware when wiring less than ( $ 35,000??) as then the FOREX by the offshore folks stinks to high heaven. It is muchworse thanwhatnormal HSBCcustomersget :--((( Edited August 14, 2007 by Maestro Off topic. OP asked about exchange rate, not bank fees. Link to comment Share on other sites More sharing options...
FatBoyEric Posted August 14, 2007 Share Posted August 14, 2007 (edited) <br />As a UK Premier customer, I am never charged for any ATM withdrawals. But I neverused my offshore ATM card yet. I'm a so-called UK Premier account customer & I'm charged everytime I use my ATM card in Thailand. The charge varies depending upon the amount I withdraw. Edited August 14, 2007 by Maestro Off topic. OP asked about exchange rate, not bank fees. Link to comment Share on other sites More sharing options...
nemo38 Posted August 14, 2007 Author Share Posted August 14, 2007 <br />As a UK Premier customer, I am never charged for any ATM withdrawals. But I neverused my offshore ATM card yet. I'm a so-called UK Premier account customer & I'm charged everytime I use my ATM card in Thailand. The charge varies depending upon the amount I withdraw. Snap! I am also a HSBC premiere customer. I don't get charged for ATM withdrawls. Did you check the ATM didn't state it was going to charge you extra? I saw this sort of message years ago 'please note you will be charged blah blah for this transaction' - to which I selected 'cancel'. Link to comment Share on other sites More sharing options...
sumrit Posted August 14, 2007 Share Posted August 14, 2007 As an HSBC premier account holder I don't get charged for ATM withdrawals in Thailand but I only got the off shore rate which meant it cost more to withdraw money than it did to use my LloydsTSB ATM card because although they charged for withdrawals I got the on shore rate. I'm back in the UK on holiday at the moment and have just opened a Nationwide account because they don't charge for withdrawals and give the on shore rate. It must be a 'visa' debit card though to get the on shore rate. Link to comment Share on other sites More sharing options...
lotus eater Posted August 15, 2007 Share Posted August 15, 2007 ... have just opened a Nationwide account because they don't charge for withdrawals and give the on shore rate. It must be a 'visa' debit card though to get the on shore rate. I didn't know that. I have two cards (on two flex accounts) and a gold visa credit card. So the last one can't be used, but debit cards relating to the flex account can ffor the onshor rate? Link to comment Share on other sites More sharing options...
MickeyM Posted August 15, 2007 Share Posted August 15, 2007 I have a US based HSBC account and a BKK based HSBC account. Using the US ATM card at the Rama IV branch resulted in an offshore conversion rate. Using the same card via a Bangkok Bank ATM or SCB results in the more favorable onshore rate. Seems inconsistent, but true. Link to comment Share on other sites More sharing options...
FatBoyEric Posted August 15, 2007 Share Posted August 15, 2007 Type of Cash Purchases Currency Card Withdrawal Conversion FeeHSBC Premier Sterling Debit Card Free from any HSBC cash machine worldwide. If cash is withdrawn from any other cash machine a charge of 1.5% will be incurred (min. £1.50) That would seem to cleap up my confusion over why some ppl. are charged & some aren't. Question is though, is the rate of exchange better if the card is used at an HSBC machine? Link to comment Share on other sites More sharing options...
asiaexpat Posted August 15, 2007 Share Posted August 15, 2007 Does anyone know if I will get onshore or offshore rates withdrawing cash with my HSBC ATM card? Have US Premier account with debit and mastercard. Debit card is drawn from US account and gets USexchange rates but no ATM fees. Credit card same if used at HSBC ATM. Using ATM card prior to Premier level account I got US rates with local ATM charges. Link to comment Share on other sites More sharing options...
sumrit Posted August 15, 2007 Share Posted August 15, 2007 ... have just opened a Nationwide account because they don't charge for withdrawals and give the on shore rate. It must be a 'visa' debit card though to get the on shore rate. I didn't know that. I have two cards (on two flex accounts) and a gold visa credit card. So the last one can't be used, but debit cards relating to the flex account can ffor the onshor rate? Yes Link to comment Share on other sites More sharing options...
JimGant Posted August 16, 2007 Share Posted August 16, 2007 (edited) Using the same card via a Bangkok Bank ATM or SCB results in the more favorable onshore rate. Seems inconsistent, but true. Most ATM machines here in Thailand, at least the ones I've used, don't charge a fixed fee for using a foreign ATM card. But they exact their pound of flesh by fiddling with the exchange rate -- and some aren't too kind. So, if you thought this "no fixed fee by the ATM owner" makes Thailand look like a good deal compared to your home country, forget it. Your home country has no exchange rate to fiddle with, thus the fixed fee by the ATM owner for unrelated card activity. Edited August 16, 2007 by JimGant Link to comment Share on other sites More sharing options...
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