View Single Post
Old 05-26-2008, 05:29 AM  
Michael O
More Cowbell
 
Industry Role:
Join Date: Jul 2001
Location: Nakhom Nowhere
Posts: 10,607
Thunder99

I stand by what I said.
VISA sets the exchange rate I don't believe they use the exchange rate but an average of the previous days spot rates and charge a 1% fee for the exhange. We don't charge anything extra beside the $2 fee for ATM withdrawals.

This is an example for myself.
I took out 150.00 DKK at a ATM it costs me $-32.42 + $2 fee.

In the picture below I did a calculation on my banks website to see how much I would get if I went into the bank with $32.42 and as you can see the difference is tiny (less than 1/3 of 1 percent) please note the withdrawal was on Friday and the exchange rate was for today.

__________________
Truth Teller

Last edited by Michael O; 05-26-2008 at 05:30 AM..
Michael O is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote