making a payment in hong kong dollars

Fozz_Dog

I'm looking to buy something in a different country, Hong Hong to be precise, so I'll be paying in Hong Kong dollars. Will I be able to make a payment from my natwest visa card, and what charges will this entail? I was going to transfer the money to my friends account in Hong Kong and get him to pay but we are running out of time.

hermante

Fozz_Dog wrote: »

I'm looking to buy something in a different country, Hong Hong to be precise, so I'll be paying in Hong Kong dollars. Will I be able to make a payment from my natwest visa card, and what charges will this entail? I was going to transfer the money to my friends account in Hong Kong and get him to pay but we are running out of time.

You'll need to look it up for your specific account but if you see here

http://www.natwest.com/personal/current-accounts/g4/cards/abroad.ashx#tabs=section2

it says there is a fee of 2.75% plus whatever they add to the exchange rate they use.

Does your friend trust you enough to pay first before your transfer goes through? You might already know this, but if your friend lives in Hong Kong, he is likely to have a multi-currency bank account which accepts pounds. He could then offer you a better exchange rate as you can send him pounds directly (though you will have to pay a Natwest fee for international transfers - so it depends on the value of whatever you're buying).

Are you getting the item sent to the UK?

bendix

Just use your credit card. It's the easiest thing in the world. Sure there will be a small cost to this, but it's much less than transferring money into another account. Why bother with all this nonsense of multi-currency accounts etc? When I lived in the UK it used to cost me 40 quid to transfer money to other countries - there is no way in hell you will pay that on a credit card payment.

I've recently moved to HK and still use my UK credit and debit cards for all manner of purchases in Hong Kong. I never bother to worry about the small charges.

pmduk

It depends on the amount. This is one of the few circumstances I've been tempted to use paypal. they don't give the best exchange rate, but it has always worked out cheaper than using my debit card. I must admit I usually have fairly small transactions though

bendix

I can't believe Paypal works out best. I usually use my Amex. The exchange rate is the spot rate, and there's usually a pound or two commission.

This is a global economy people - use it.

abraguebova

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jonesMUFCforever

abraguebova wrote: »

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