Chinese RMB rates..

[BulleYe]

recent two times changed from UOB counter at airport(T3), they record now the RMB notes issued.

that should said sound safer to change from there

[prcsytlover]

Originally Posted by adidas88

i have not much faith in their bank atm's ...
best to avoid it unless u have no choice ...
withdraw 1000rmb at a time ... this way, u can check the notes carefully ..

Not really a good idea to withdraw 1000rmb per time.. cause if u use posd/dbs card to withdraw, there's a charge of $5 per transtion.. is ocbc i think is $20.. very the ex..

[prcsytlover]

it also true that their atm will give out counterfeit notes.. my friend kana before.. but not me.. very heng..

[qizai]

Originally Posted by prcsytlover

Not really a good idea to withdraw 1000rmb per time.. cause if u use posd/dbs card to withdraw, there's a charge of $5 per transtion.. is ocbc i think is $20.. very the ex..

Bro... OMG... the other day i withdraw from OCBC... If dey r charging S$20 its reali expensive... But lucky enough i never get any fake notes...

[qizai]

Any type of amount of fake notes is all around. Even 5 rmb can haf fake note.
My fren got it from a restaurant. Lucky enough its 5rmb...

[binbin81]

Originally Posted by prcsytlover

it also true that their atm will give out counterfeit notes.. my friend kana before.. but not me.. very heng..

I do not understand why atm can gives out counterfeit notes.
Why can't they do a better job on detection ?
Or is it, the rmb notes is so easy to produce that they cannot differentiate ?

[prcsytlover]

Originally Posted by binbin81

I do not understand why atm can gives out counterfeit notes.
Why can't they do a better job on detection ?
Or is it, the rmb notes is so easy to produce that they cannot differentiate ?

well what to do.. this is china leh.. they can do anything just to counterfeit..

[adidas88]

Originally Posted by prcsytlover

Not really a good idea to withdraw 1000rmb per time.. cause if u use posd/dbs card to withdraw, there's a charge of $5 per transtion.. is ocbc i think is $20.. very the ex..

i'm not sure if there's a service charge on citicard becoz the exchange rate seems to be quite reasonable ...
i withdrew 1000rmb in china in my last trip ...
and citi only charge me $222.22 for 1000rmb which is equvalent to x-change rate 4.5 ...
so i dun think there's any transcation fee ...

Originally Posted by prcsytlover

I do not understand why atm can gives out counterfeit notes.
Why can't they do a better job on detection ?
Or is it, the rmb notes is so easy to produce that they cannot differentiate ?

oh .. u got to see the counterfeit note then u'll understand how well it is done ...
and moreover .. most atms in china r the older model .. except in shanghai, beijing, GZ ...

[jameschong2]

[QUOTE]

Originally Posted by adidas88

totally agreed ... we cannot be complacent abt the counterfeit notes ...
a LHL stall meimei show me a crumpy dirty 100rmb and she could have passed it off to unsuspected victims ...

What a bloddy shame that u need a mei mei to help u sniff fake notes
Did u disgrace Singapore in LHL by not

[Dermarko]

Originally Posted by qizai

Any type of amount of fake notes is all around. Even 5 rmb can haf fake note.
My fren got it from a restaurant. Lucky enough its 5rmb...

Luckily only 5 RMB. Comes to think of it, most of the smaller notes like 10 RMB and such, the notes are pretty worn out but still circulating. I usually try to use them up as soon as possible..

[Niceman]

Originally Posted by adidas88

i'm not sure if there's a service charge on citicard becoz the exchange rate seems to be quite reasonable ...
i withdrew 1000rmb in china in my last trip ...
and citi only charge me $222.22 for 1000rmb which is equvalent to x-change rate 4.5 ...
so i dun think there's any transcation fee ....

If your is ATM card, then the charge is low. But, if it were to be credit card, then is $35 per transaction. Very painful. Thus, use posb ATM better, only $5.

[nacho]

The best instrument to detect fake note is the note countering machine. The staff will always count a note twice, front and back. If you got doubt, get the hotel front desk to check the notes for you.

[murali]

Originally Posted by adidas88

i'm not sure if there's a service charge on citicard becoz the exchange rate seems to be quite reasonable ...
i withdrew 1000rmb in china in my last trip ...
and citi only charge me $222.22 for 1000rmb which is equvalent to x-change rate 4.5 ...
so i dun think there's any transcation fee ......

aiyah, cash king where need to bother about transaction fee?

anyway to the point, if u use CC then have transaction fee except for ABNamro cards which dun have any fee, have to be their 'switch' card tho

[adidas88]

Originally Posted by Niceman

If your is ATM card, then the charge is low. But, if it were to be credit card, then is $35 per transaction. Very painful. Thus, use posb ATM better, only $5.

Yes .. mine is a bank atm card ...
withdrawing cash from CC is using future money (loan) ... thus there will be a hefty fee for it ....

Originally Posted by nacho

The best instrument to detect fake note is the note countering machine. The staff will always count a note twice, front and back. If you got doubt, get the hotel front desk to check the notes for you.

no bro ... note counting machine is not able to detect counterfeit notes ...
it's only used for counting the number of notes ...
the staff will count twice, front & back, to make sure the number is correct ...

[binbin81]

Originally Posted by murali

aiyah, cash king where need to bother about transaction fee?

anyway to the point, if u use CC then have transaction fee except for ABNamro cards which dun have any fee, have to be their 'switch' card tho

Does BOC CC have any waiver on the withdrawal charges?.
Is ABNamro switch the only CC that waive on the transaction fee?