friend, are you traveling or doing forex trading?

https://www.turtleinvestor.net/trust-unlimited-zero-fee-atm-withdrawals-taiwan-experience/

coincidental for kevin to talk about trust card. i enjoy his posts, in a non guai lan way

last month i wrote about travel related finance stuff and in it i wrote down that my overseas cash withdrawal method is trust card

i expanded by saying its just so much more convenient and also a good rate to just withdraw foreign currency from an ATM after you land, compared to pre-converting before you go

4 things to note:

1 the trust card per transaction withdrawal limit is $2000 SGD, but to my knowing, you can withdraw multiple times over and over again, as long as your bank account has enough SGD to deduct

2 the $2000 SGD limit per transaction is for your card, but the ATM itself may have a max withdrawal limit

3 always select the FCY as the charging currency, do NOT accept their dynamic conversion rate in SGD (same when using cr / dr cards also)

4 even though trust bank itself doesnt charge ATM fee, the machine itself may charge fees, typically per usage, sometimes tiered by withdrawal amount

people like to compare trust to multi currency accounts where you withdraw down your existing balance, but this is a false comparison

the cost to convert your balance in advance are your typical fat bank spreads, which will always be higher thank trust bank exchange rate and somehow that cost seems to be rarely considered

so all the MCY accounts where you can just draw down on the balances are very unexciting

you know what i find funny?

some people like to do "forex trading" when they are preparing for traveling

you think you so smart to "lock in a good rate"? then you should just buy on leverage and earn crazy profits.

"if the rates continues in my favor, i spend with SGD because it is cheaper
if the rates goes against me, i will use my FCY balance that i locked in at a good rate"

lol, so if it goes down you win, but if it goes up you also win?

i would also like to purchase this delulu pill that gives you no downside but infinite upside as well

come on now friend, this is just sad pathetic mental cope

im really very confused about these "lock in good rates" people

why you care so much about making $50 from a $1000 base value forex trade for a week long overseas trip? 

your size is not size

my serious advice is that if you really so smart can "lock in good rates", 1000x your size and become a millionaire

make $50,000 a week instead

if you are so smart, you must be very rich right?