smokie36
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Post by smokie36 on Feb 24, 2016 10:08:56 GMT 7
You need to deposit in Sterling....when you want you can withdraw the Sterling and convert to Baht. Pretty simple really. Is that StanChart Thailand with one of their promotional rates to attract GBP FCY deposits they run from time to time or are you talking StanChart Singapore? Thailand mate.
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Deleted
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Post by Deleted on Feb 24, 2016 10:20:27 GMT 7
Actually why don't banks overseas banks co-operate with each other? Talking about HSBC HK, Brunei, Singapore, Shanghai, they have nothing to do with each other if you have an issue even though they are all under the umbrella of HSBC, you need to contact the specific country main office.
For example, when I was in KL there were some issue with my Visa card and needed a replacement the magnetic strip couldn't be read, and going to the office there they said to contact HK.
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Deleted
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Post by Deleted on Feb 24, 2016 10:43:19 GMT 7
Actually why don't banks overseas banks co-operate with each other? Talking about HSBC HK, Brunei, Singapore, Shanghai, they have nothing to do with each other if you have an issue even though they are all under the umbrella of HSBC, you need to contact the specific country main office. For example, when I was in KL there were some issue with my Visa card and needed a replacement the magnetic strip couldn't be read, and going to the office there they said to contact HK. Banks are licensed to operate in each country, and they answer to the regulators in each country. That creates a Chinese wall between them.
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Deleted
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Post by Deleted on Feb 24, 2016 10:49:03 GMT 7
What I was asking why can't KL HSBC issue me a new card, had to go through HK even though I have a Brunei account which is closest there were insufficient funds for the amount I wanted, can't transfer from one to the other either just like that. I ended up paying fees to have a TFT sent to my HSBC Brunei card from HSBC HK so I could use it in KL as a card takes time to replace. This is why I like cash.
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Deleted
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Post by Deleted on Feb 24, 2016 12:15:44 GMT 7
What I was asking why can't KL HSBC issue me a new card, had to go through HK even though I have a Brunei account which is closest there were insufficient funds for the amount I wanted, can't transfer from one to the other either just like that. I ended up paying fees to have a TFT sent to my HSBC Brunei card from HSBC HK so I could use it in KL as a card takes time to replace. This is why I like cash. I refer you to the above answer. Regulators.
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AyG
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Post by AyG on Feb 24, 2016 12:21:18 GMT 7
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smokie36
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Post by smokie36 on Feb 24, 2016 14:02:13 GMT 7
Well it came repeated from the mouth of smokie's gf. I have no reason to doubt her words as she was in the bank last week.
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naam
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Post by naam on Feb 24, 2016 20:02:49 GMT 7
Well it came repeated from the mouth of smokie's gf. I have no reason to doubt her words as she was in the bank last week.
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smokie36
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Post by smokie36 on Feb 24, 2016 23:25:33 GMT 7
Well it came repeated from the mouth of smokie's gf. I have no reason to doubt her words as she was in the bank last week. I'll let Fletch answer that one. .
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Post by Fletchsmile on Feb 25, 2016 9:10:14 GMT 7
I'll let Fletch answer that one. . Not sure I dare disagree with Mrs Smokie publicly in front of witnesses. But... From time to time StanChart do run promotions to try and attract FCY deposits, eg there's one the bank interest rate thread here a few months back bigmango.boards.net/post/286143% on GBP looks too high. Might have been an ad recently. More likely it's "up to 3% on FCY deposits". Then they probably list the foreign currencies which you can open accounts for and include GBP in the list. If someone looks a bit closer though the 3% is more likely to be on NZD or similar. The GBP rate is probably about 1% as in the ad above. BTW Stan Chart Thailand isn't offshore to those of us living in Thailand, so doesn't count anyway . Only an offshore exotic location to those who are stuck in cold wet and miserable places like UK.
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Post by Soutpeel on Feb 25, 2016 11:30:16 GMT 7
I'll let Fletch answer that one. . Not sure I dare disagree with Mrs Smokie publicly in front of witnesses. But... From time to time StanChart do run promotions to try and attract FCY deposits, eg there's one the bank interest rate thread here a few months back bigmango.boards.net/post/286143% on GBP looks too high. Might have been an ad recently. More likely it's "up to 3% on FCY deposits". Then they probably list the foreign currencies which you can open accounts for and include GBP in the list. If someone looks a bit closer though the 3% is more likely to be on NZD or similar. The GBP rate is probably about 1% as in the ad above. BTW Stan Chart Thailand isn't offshore to those of us living in Thailand, so doesn't count anyway . Only an offshore exotic location to those who are stuck in cold wet and miserable places like UK. I can get near 5% on the ZAR with Citi in Sing, but who the F wants ZAR ? and considering it crashed over 30% against the USD last year
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