The PayPal withdrawl that I mentioned in an earlier post finally managed to get through to my account. PayPal took USD5 as a transaction fee and then 2 transactions of RM1 from my Al Rajhi account. The staff at the bank told me that this was a verification charge.
All in all, my withdrawl of USD 208.66 from PayPal returned me RM720.54. Which gives an exchange rate of 1USD to RM3.45 which is a bit lower than the current rate of RM3.51 to USD1.
So all in all not bad. Now I just need to increase PayPal income, it seems to be the most convenient way to get foreign currency to your local account. Cashing a cheque takes much longer and also has much higher clearing fees.
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Tags
al rajhi bank, debit card, paypal, paypal withdrawl
Congratulation! But this bank hardly to see their atm machine..
Ervin Ter’s last blog post..Desperate Stranger
That is true… but each of the shopping malls usually has 1 Al Rajhi ATM machine…
worse comes to worse, the card is a debit card anyway, so you can use it exactly like a credit card.
Public bank’s debit card’s annual fee RM 24, how about Al Rajhi bank’s annual fee?
Ervin Ter’s last blog post..Desperate Stranger
If I’m not mistaken, there’s only a one time fee for the debit card… around RM12.
But I could be wrong, best to check with Al Rajhi. There’s one in Taman Tun and one in Kota Damansara.
I just had my debit card from this bank. Their service is fast.
This card has no annual fee and just replacement card fee need RM 12. Beside that, according to assistant sales manager, they going to join MEPS network.
Ervin Ter’s last blog post..Desperate Stranger
Cool Ervin, thanks for confirming the details.