MEL_Traveller
Veteran Member
- Joined
- Apr 27, 2005
- Posts
- 27,846
I gotta give a shout out to Citibank Plus.
Needed to pay for some Christmas presents in Europe but the retailer only took local 'iDeal' payments (credit card not possible).
Contacted the retailer who kindly drew up an invoice with IBAN number etc for me to transfer funds.
Used the Citiplus account to make the payment... on €65 I was charged a total of $108.30... a rate of .60 against the official interbank rate of .613. (Apparently for international transfers they use their buy/sell rates instead of the usual interbank rate for normal transactions.)
Compared that to Westpac... they wanted $112 for the €65, a rate of .58 plus they levy a $10 charge, total of $122.
bottom line: Citi $108.30, Westpac $122.
(ING's page says 'you are unable to transfer money internationally from your ING accounts, you will need to use a third party service.)
Needed to pay for some Christmas presents in Europe but the retailer only took local 'iDeal' payments (credit card not possible).
Contacted the retailer who kindly drew up an invoice with IBAN number etc for me to transfer funds.
Used the Citiplus account to make the payment... on €65 I was charged a total of $108.30... a rate of .60 against the official interbank rate of .613. (Apparently for international transfers they use their buy/sell rates instead of the usual interbank rate for normal transactions.)
Compared that to Westpac... they wanted $112 for the €65, a rate of .58 plus they levy a $10 charge, total of $122.
bottom line: Citi $108.30, Westpac $122.
(ING's page says 'you are unable to transfer money internationally from your ING accounts, you will need to use a third party service.)