Sure does. Costco is the only place you can get your 100oz bags of chips.
How much are the fees for receiving foreign money like USD, EUR, JPY, CHF, etc.?
How much are the fees for receiving foreign money like USD, EUR, JPY, CHF, etc.?
Last time I did it, I paid about $300. I received about $50 US.
A little bit high for such a low reception of money. But my bank said itās a flat rate.
How much are the fees for receiving foreign money like USD, EUR, JPY, CHF, etc.?
I donāt know the fees for Cathay specifically - I believe thereās usually a percentage plus maybe a fixed fee and a minimum, so it depends on the amount - but you can probably count on a couple of hundred TWD for receiving the transfer then similar again for converting it into TWD (or withdrawing the foreign currency). Iād probably go and ask in the bank if you want to be sure.
You can probably count on paying an intermediary bank fee as well, which tends to be difficult to figure out in advance (presumably deliberately - if thereās a comprehensive list of those for any country Iāve ever held bank accounts in, Iāve never seen one).
Wow. receiving 50 USD but then paying 300TWD / ~ 10 USD
But if itās flatrate, then I probably just would send / receive several thousands to make the fees worth it.
Pretty much. It was sort of a litmus test to see how it worked with an Oz friend of mine.
Sometimes I send him stuff.
Next time would be a big lump sum.
But if itās flatrate, then I probably just would send / receive several thousands to make the fees worth it.
Yeah, you should generally do that anyway.
I donāt know the fees for Cathay specifically - I believe thereās usually a percentage plus maybe a fixed fee and a minimum, so it depends on the amount - but you can probably count on a couple of hundred TWD for receiving the transfer then similar again for converting it into TWD (or withdrawing the foreign currency). Iād probably go and ask in the bank if you want to be sure.
Mineās Cathay.
Mineās Cathay.
I donāt know about Cathay as I said, but Iād be surprised if itās a genuine flat rate as theyād then lose out on a way to siphon money off larger transfers (which would be uncharacteristic for a bank). Maybe itās a percentage with a minimum charge - that seems more common in my experience.
I donāt know about Cathay as I said
I know. Iām telling you. Mineās Cathay and they made me pay about $300.
I know. Iām telling you. Mineās Cathay and they made me pay about $300.
Yeah, for your one transfer. You can try with larger amounts if you want and see if/how it varies. Iām just telling you my experience as well, Marco. Jesus.
Marco. Jesus.
Iām confused. I thought you thought I was asking you.
It wasnāt clear. No need to get upset.
I know. Iām telling you. Mineās Cathay and they made me pay about $300.
I guess people donāt transfer money often anymore because that or thereabouts has been the flat rate at every bank Iāve dealt with in multiple countries for many years. Itās about the same if you deposit a foreign currency check into your TWD bank account.
While Iām here, has anyone with the Cathay debit card used it at Costco, in particular online? Theyāve turned me down twice for a credit card (though I met their qualifications) and last time I went the credit card people werenāt there (L2 regulations likely) but with what folx in another thread are saying about their cards getting canceled I donāt hope to get one. If I understood, I can shop online with the Cathay normal credit card or debit card. I figure thatās my only chance of being able to shop online. I canāt get to the store often, so my membership isnāt worth that much.
Two years ago I opened a regular savings account, foreign currency account, and an insurance investment account at Cathay. Got an ATM card as well as an unsecured credit card with 100k limit (I was surprised about that last one)
Do you happen to remember, did you get the ATM and credit cards right there at the bank? Or did they mail them to you later?
Itās been awhile, but as far as I remember I got the ATM card right then at the bank but I believe the credit card might have been mailed to me.
EDIT: Actually Iām pretty positive the credit card was mailed to me because I remember opening the envelope and being surprised at the credit limit.
Online banking on the is available in English. Itās a little tricky on how to access it, you have to go into the online banking page (with the login) and then click the EN button on top. If you do it on any other page it just takes you to a generic information site. I think this links directly to itā¦
åę³°äøčÆMyBank - åäŗŗåē¶²č·Æéč”
Once you click the EN button, it should remember it if you have your cookies set up to do so.
I donāt believe the mobile app has any English option.
Another interesting thing about this site is you can login with your bank card if you have a card reader.