hi guys got a question about transferring money out of Taiwan, I need to exchange money from NTD to USD. what’s the best way to get the best rate? I think it’s online where they give you .03 discount. but you can only exchange NTD up to . 5 million. Now if you go to bank and exchange money at the front desk there, do they still give you the .03? if you are exchanging a large amount maybe they will give you even better offer? (I am exchanging a lot of money, just sold my business) or not. anyone got experiences in this? what’s the best way to exchange NTD to USD? thanks and which banks usually offer the best rates?
Generally speaking, exchanging cash is the most expensive way to get foreign currency.
For the kinds of funds i need when traveling, I have found that i consistently get the best rates using credit cards (meaning, when i travel i use credit cards from a country where i have money in the bank, and a few weeks later i pay the credit card bills from that account).
I never had to transfer large amounts like you do, so i can’t really answer your other question, sorry…
question for my HSBC online bank I see that you can wire money to other banks. Anyone tried that? so you just set it up there and you don’t even need to go to bank when you wanna wire the money to another bank? or any country? does everyone just do that online nowadays and don’t go to bank, any risks in that?
So sounds like HSBC is the best for premier account, what other banks in Taiwan also offer good premier accounts? thanks