I’ll have to check if it’s possible to open an online fixed term account through HSBC’s website, though it was not possible through my personal banker (it could also be due to their lack of knowledge on the matter).
Though 1.225% is pretty bad. Why not just park it at IBKR (4.83%) or Coinbase Singapore (5.15%) which are real time with no time restrictions
1.225% is the rate for NTD deposits. I doubt that IBKR pays that much on NTD deposits - if you deposit USD, you’ll also have an additional exchange rate risk.
I said something similar in a complaint to Standard Chartered about a co-promotion with LINE Bank that excludes foreigners lol.
Their website has a load of marketing gumph about how they’re a global bank that holds diversity, inclusion, fairness, equality, human rights, and lifting banking participation among their “core values”, so I asked them how it’s possible for them to exclude foreigners living in Taiwan without contradicting those.
I’m glad I complained about this Richart/JKOPay stuff lol. It’s now almost a year later, and JKO is still giving me bonus JKO coins/points each month even though I think the original promotion ended in the summer:
I don’t really understand the amounts — they seem a bit erratic and sometimes more than 3%, considering that I only usually spend maybe NT$1000–2000 a month through JKOPay. I’m not sure why I got 150 coins this month, when I only spent NT$2288 in October.
I sometimes use it to pay utilities bills too, but I’m guessing they’re not included in the cashback promotion (or shouldn’t be — at the beginning they were calculating this manually to shut me up, so maybe they’re just doing it differently each time).
So Cathay ETF is $3USD on any amount. Do they charge in or outbound wire fees? Maintenance fees? Are gains above 6.7M subject to AMT? US ETF also has 30% withholding tax on divvy right?
