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Old Jan 6, 2012 | 5:57 pm
  #37  
tauphi
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Originally Posted by jamar
Since this is for random tidbits...

I've noticed for a long time that Standard Chartered has given slightly better US$ cash exchange rates than other banks, but haven't really bothered to check. Today, I did.

SCB China: 6.28RMB/US$
Other banks: 6.23RMB/US$

Anyone know why? (Not that I'm complaining)
They're not really providing a better rate, just waiving the fee for converting foreign notes to foreign exchange.

Other banks also offer this service for free, e.g., HSBC Premier. Another way of getting the better rate at any bank is to wire the money into your account from overseas.
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