Hi, I am interested in finding out the exact difference between the official currency rate and the visa card rate when I withdraw from an overseas ATM. I am currently in the Philippines and enjoying the rebates on ATM withdrawals and purchases.
ING Margin on Currency for Foreign ATM Withdrawals
BluebirdV on 15/12/2017 - 21:30
Related Stores
Comments
It says:
Currencies fluctuate every day. The rate shown is effective for transactions submitted to Visa on December 14, 2017, with a bank foreign transaction fee of 0.0%.
1 Philippine Peso = 0.026329 Australian Dollar
The "currency calculator" below gives you an indication of the cost of purchases you make when traveling internationally.
Philippine Peso to Australian Dollar
December 14, 2017
1 PHP = 0.026329 AUD1 = 0.026329 50 = 1.316450
5 = 0.131645 75 = 1.974675
10 = 0.263290 100 = 2.632900
20 = 0.526580 150 = 3.949350
25 = 0.658225 200 = 5.265800
30 = 0.789870 250 = 6.582250
40 = 1.053160 300 = 7.898700I'm unsure of the date and time the transaction is processed by the bank so it would impossible for me to know.
The date of withdrawal should be the date the rate is applied. The rate is set by visa daily.
Last I checked ING had $2.50 aud international atm withdrawal fee.
Not any more.
If you deposit 1k a month u get free overseas withdrawals and transactions (along with Aussie ones)
From March you will also need to use your card or something to qualify for the free transactions etc.
https://www.visa.com.au/travel-with-visa/exchange-rate-calcu…