When you withdraw money abroad on a ruble card, the payment system — MasterCard and Visa — converts it from the local currency into dollars (euros) at its own rate and sends a request to your bank. Your bank is also converting dollars (euros) into rubles at their own rate. That’s why we get double conversion — and double commission.
To avoid this double commission, open an account at your bank in baht and attach a card to it. Some banks (including Tinkoff) allow this. Then, you convert rubles to baht at the bank’s internal cross rate in one operation.
How beneficial is this? We conducted an experiment. We withdrew the same amount of money from the account in rubles and baht. We took 5,000 baht. How much was written off?
- 10 175 rubles — from the account in baht (the rate was 2.035)
- 10 320 rubles — from the account in rubles (the rate was 2.064). Lost 145 rubles.
The difference is one and a half percent. You decide.