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Thread: Best place to buy HKD in Hong Kong?
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Old Dec 13, 2017 | 9:55 am
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beep88
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Originally Posted by LoveHateRelationship
The only exchange rate spread I pay with my HSBC withdrawals at non-HSBC ATMs is around 1% (compared against the spot rate) and I have no fees on withdrawals. There's still a fair number of credit cards that are starting to not charge exchange fees (though with the loss of Chase that was a big hit). Really it's just a matter of due diligence. Having said that, Visa and MC still charge a spread on the money of around 1% so really your 2.5-3% is closer to 3.5-4% if your CC charges fees. .
My experience with HSBC on the ATM spread was similar to other banks at 3% but that was a few years ago, and I don't have 100K with them for the Premier package. Even their online global or local transfer service (HSBC Advance) charges more than 1 per cent on the currency spread, so it's great that you only pay 1% on your ATM withdrawals.

2.5 -3 % for CC is the final total that includes the 1% MC / Visa spread.
Last edited by beep88; Dec 13, 2017 at 10:06 am
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