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SVTPerformance's Chain of Restaurants
Road Side Pub
Bitcoin not for Warren Buffet
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<blockquote data-quote="ON D BIT" data-source="post: 16419961" data-attributes="member: 10422"><p>It was not $40 a month it was $40 to exchange funds and the wire transfer fees for every transfer.</p><p></p><p>I was told by Citi US they could exchange currency and transfer the funds for free with Citi Taiwan. I worked in Taipei for a year.</p><p>Turned out Citi Taiwan would send the NT to a third party bank for $40 and the Citi US charged $20 for the wire transfer fee.</p><p></p><p>Mega Bank only charged $20 and Citi US charged $20 so $40 total for taking NT and changing it into USD with the wire fee.</p><p></p><p>Again I’m stating I would rather keep $250k in investments, making far more in interest on the $250k, than saving $500 in wire transfer fees for the year.</p><p></p><p>I also understand for a business chase private client could save a bunch of money especially if they are transferring international funds multiple times a day...</p></blockquote><p></p>
[QUOTE="ON D BIT, post: 16419961, member: 10422"] It was not $40 a month it was $40 to exchange funds and the wire transfer fees for every transfer. I was told by Citi US they could exchange currency and transfer the funds for free with Citi Taiwan. I worked in Taipei for a year. Turned out Citi Taiwan would send the NT to a third party bank for $40 and the Citi US charged $20 for the wire transfer fee. Mega Bank only charged $20 and Citi US charged $20 so $40 total for taking NT and changing it into USD with the wire fee. Again I’m stating I would rather keep $250k in investments, making far more in interest on the $250k, than saving $500 in wire transfer fees for the year. I also understand for a business chase private client could save a bunch of money especially if they are transferring international funds multiple times a day... [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Bitcoin not for Warren Buffet
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