plonkey
Kinky King
Rank: 5Rank: 5


UID 60451
Digest Posts 0
Credits 1072
Posts 332
Karma 1043
Acceptance 580
Reading Access 50
Registered 11-2-2011
Status Offline
Post at 27-4-2016 09:09  Profile P.M. 
Font size: S M L
Money exchange

Running short on HK$ so decided to change some Au at the money exchange nest to New Lucky House in Jordan. Quick look at the rate. only .1 less than I get in TST so I hand over $1000u. he woman comes back with a printout saying I get 4400 hk$ instead of the posted rate of 5.8 which would give me $5800.
I pointed at the rate and said no.look.
The woman then points out that the rate is for AU exchanged with the Kroner ffs>
On looking at the other rates they are all compared against different currencies in a way to make one believe that the rate to HK is vry good.
Anyway I said no, give me the money  back, I will go elsewhere.
She tells me she is not giving me the money back and then offers me 4600.
I said no and she says that all she will do and she will not give my money back. I asked her if she understood good english. She nodded and I told her that if she doesnt hand the money over now that I will come in and get it after calling the police. I got my phone out f my pocket and the money was pushed back through the slot in the window.

Beware of this half of a scam.

Recent Ratings
ltshinysidez   2-5-2016 07:40  Acceptance  +6   Any place on first floor of Chungking is legit or go with Berlin Exchange for the best rate
austin821   1-5-2016 15:35  Acceptance  +3   Good work Plonkey.
Freelancer   28-4-2016 06:46  Acceptance  +1   I always just use the HSBC ATMs
Top
escritic (Just a teddy bear)
Throbbing Titan
Rank: 7Rank: 7Rank: 7


UID 3478
Digest Posts 0
Credits 3423
Posts 1679
Karma 3356
Acceptance 1334
Reading Access 70
Registered 2-10-2007
Location West Coast
Status Offline
Post at 1-5-2016 06:51  Profile P.M.  Yahoo!
Font size: S M L
Yea, it is better to do it at the airport. These small places are trying to rip you off. Another way is to use your ATM to withdraw HK $ and let the bank charges some small fee. But at least you know that your bank won't rip you off too much.




Offering BFE to the chosen ones
Top
cruman999
Erotic Emperor
Rank: 6Rank: 6



UID 86004
Digest Posts 0
Credits 2450
Posts 616
Karma 2367
Acceptance 1652
Reading Access 60
Registered 10-3-2012
Status Offline
Post at 1-5-2016 07:21  Profile P.M. 
Font size: S M L
I use the money changers in wanchai all the time and have never had a problem.  The exchange rate is always superior to the airport.

Recent Ratings
jake.houston   1-5-2016 21:37  Acceptance  +10   I get $100 at the airport and do the rest at a WC exchange.
austin821   1-5-2016 15:36  Acceptance  +3   Yes so do I, usually they will even give you a better rate if you ask.
Top
jetsetting2much (Tally-ho!)
Throbbing Titan
Rank: 7Rank: 7Rank: 7


UID 86214
Digest Posts 0
Credits 3734
Posts 574
Karma 3677
Acceptance 1143
Reading Access 70
Registered 13-3-2012
Location usually 30,000 ft
Status Offline
Post at 3-5-2016 12:21  Profile P.M. 
Font size: S M L
For years I'd chase the best exchange rate all over TST, Central, Admiralty, Wan Chai, etc.

Now I just find then nearest ATM.  Better rate, and better hours.  Only downside is only HK$ 4000 at a time.




Top
escritic (Just a teddy bear)
Throbbing Titan
Rank: 7Rank: 7Rank: 7


UID 3478
Digest Posts 0
Credits 3423
Posts 1679
Karma 3356
Acceptance 1334
Reading Access 70
Registered 2-10-2007
Location West Coast
Status Offline
Post at 3-5-2016 13:56  Profile P.M.  Yahoo!
Font size: S M L
Is the limit set by your bank or the ATM?

QUOTE:
Originally posted by jetsetting2much at 3-5-2016 12:21
For years I'd chase the best exchange rate all over TST, Central, Admiralty, Wan Chai, etc.

Now I just find then nearest ATM.  Better rate, and better hours.  Only downside is only HK$ 4000 at a time ...


Recent Ratings
jetsetting2much   3-5-2016 14:27  Acceptance  +1   Don't know. I think its Citibank limit.




Offering BFE to the chosen ones
Top
doghead (dog)
Erotic Emperor
Rank: 6Rank: 6



UID 16705
Digest Posts 0
Credits 2985
Posts 2230
Karma 2893
Acceptance 1832
Reading Access 60
Registered 2-12-2008
Status Offline
Post at 5-5-2016 02:25  Profile P.M. 
Font size: S M L
Money changers in Wanchai by the MTR exits are very good and especially so before 6pm. After 6pm or so, many of the local ones close which allow the international branded ones to raise their rates...I know this from experience watching the Western Union raise their rates significantly after their competition left for the day.

Ideally you should be getting your HKD via an ATM. Perhaps you should open an account back in Australia with a bank that has branches in HK to avoid the ATM charges if you plan to visit often. I remember back in Tokyo, I went all the way to Yokohama Chinatown just to find an HSBC ATM to get yen and avoid charges.


Re: Jetsetting2much #4 post :

If I am not mistaken, you should be able to withdraw the equivalent of US$1000 per day. Of course the Citibank ATM has a HK$4000 limit per transaction. You just have to withdraw about HK$3700 in the 2nd transaction to come close to your US$1000 daily limit. It is the same with the HSBC ATMs too.
Top
Kennichi
Kinky King
Rank: 5Rank: 5


UID 9144
Digest Posts 0
Credits 1607
Posts 1363
Karma 1569
Acceptance 759
Reading Access 50
Registered 6-3-2008
Status Offline
Post at 5-5-2016 05:30  Profile P.M. 
Font size: S M L
The BEST place to change money is Chungking Mansions. There are about 20 money changers all competing against each other so the spread is extremely competitive. I once changed £15000 there in one go. The Indian guy happily used a fake detector pen and dark light money checker on each one I gave him and he did the same for the money he gave me.

Went into HSBC straight after.

Recent Ratings
plonkey   9-5-2016 11:24  Acceptance  +2   
cookiemonsta   7-5-2016 00:48  Acceptance  +4   +1 for ck mansion




Life is short very...
Top
jetsetting2much (Tally-ho!)
Throbbing Titan
Rank: 7Rank: 7Rank: 7


UID 86214
Digest Posts 0
Credits 3734
Posts 574
Karma 3677
Acceptance 1143
Reading Access 70
Registered 13-3-2012
Location usually 30,000 ft
Status Offline
Post at 5-5-2016 09:29  Profile P.M. 
Font size: S M L


QUOTE:
Originally posted by doghead at 5-5-2016 02:25
Re: Jetsetting2much #4 post :

If I am not mistaken, you should be able to withdraw the equivalent of US$1000 per day. Of course the Citibank ATM has a HK$4000 limit per transaction. You just have to withdraw about HK$3700 in the 2nd transaction to come close to your US$1000 daily limit. It is the same with the HSBC ATMs too.

I should've added that I have on two occasions withdrawn (2) HK$4,000 from the Citibank ATM (totalling HK$8,000 for the day).  I've never tried to withdraw a third...so I don't know if I'm up against any daily withdrawal ceiling...though undoubtedly there is a limit.




Top
Alwaysfuun
Erotic Emperor
Rank: 6Rank: 6



UID 92945
Digest Posts 0
Credits 2258
Posts 216
Karma 2240
Acceptance 363
Reading Access 60
Registered 17-7-2012
Location Hong kong
Status Offline
Post at 5-5-2016 19:54  Profile P.M. 
Font size: S M L
Reply #8 jetsetting2much's post

I have withdrawn 20,000HKD from HSBC in one ATM transaction.

Man was my LB tired!!




Alwyasfuun
Top
plonkey
Kinky King
Rank: 5Rank: 5


UID 60451
Digest Posts 0
Credits 1072
Posts 332
Karma 1043
Acceptance 580
Reading Access 50
Registered 11-2-2011
Status Offline
Post at 9-5-2016 11:24  Profile P.M. 
Font size: S M L
Actually I always bring AU$ with me and walk Chungking Mansions looking for the best rate. It is sometimes  more than 20% better than back home and always better than using my ATM card. In this instance I just wanted a little extra and the exchange was next door to where I was staying ....
Some great advice here.. thanks guys.
Top
escritic (Just a teddy bear)
Throbbing Titan
Rank: 7Rank: 7Rank: 7


UID 3478
Digest Posts 0
Credits 3423
Posts 1679
Karma 3356
Acceptance 1334
Reading Access 70
Registered 2-10-2007
Location West Coast
Status Offline
Post at 11-5-2016 08:21  Profile P.M.  Yahoo!
Font size: S M L
Always check the "official" exchange rate before you make the actual transaction. I use the Bloomberg app. I was at the airport and asked what the exchange rate was for US to HK ===> 7.07. That's a hell to the fucking no, sir! If I wanted to get raped that bad, I would go to the casino and borrowed money from a random dude letting him charge whatever interest rate he wished.




Offering BFE to the chosen ones
Top
Almighty1
Nookie Newbie
Rank: 1



UID 55833
Digest Posts 0
Credits 26
Posts 38
Karma 25
Acceptance 18
Reading Access 10
Registered 22-11-2010
Location San Francisco, California USA
Status Offline
Post at 23-6-2016 18:11  Profile P.M. 
Font size: S M L
If you guys want the best rate and no fees and you are able to open a account in the U.S., get a Charles Schwab Bank, N.A. High Yield Investor Checking Account which has no minimum balance and they refund all ATM fees and there are no foreign transaction fees plus you get wholesale rate and this is using any ATM in the world.

[ Last edited by  Almighty1 at 23-6-2016 02:13 ]




Cheers,
Almighty1
Top
Stonecold
Erotic Emperor
Rank: 6Rank: 6


UID 11747
Digest Posts 0
Credits 2104
Posts 558
Karma 2091
Acceptance 264
Reading Access 60
Registered 27-5-2008
Status Offline
Post at 24-6-2016 08:39  Profile P.M. 
Font size: S M L
Anybody have any suggestions when it comes to exchanging HKD or USD to Thai Baht?

Recent Ratings
cruman999   24-6-2016 08:56  Acceptance  +1   Change it in Thailand and not at the airport.
Top
 


All times are GMT+8, the time now is 10-11-2024 23:47

Powered by Discuz! 5.0.0 © 2001-2006 Comsenz Inc.
Processed in 0.027488 second(s), 10 queries , Gzip enabled

Clear Cookies - Contact Us - 141Love
Disclaimer: This forum is operated as a real-time bulletin board system. 141CLUB.COM carries no legal liability on its contents. All messages are solely composed and up-loaded by readers and their opinions do not represent our stand. Readers are reminded that the contents on this forum may not convey reliable information thus it is readers' own responsibility to judge the validity, completeness and truthfulness of the messages. For messages related to medical, legal or investment issues, readers should always seek advice from professionals. Due to the limitation of the forum's real-time up-loading nature, 141CLUB.com is not able to monitor all the messages posted. Should readers find any problems regarding the messages, do contact us. 141CLUB.COM reserves the rights to delete or preserve any messages and reject anyone from joining this forum. 141CLUB.COM reserves all the legal rights.