Republic Bank VTM Reload Restrictions

[Coppershot]

Just got an email. Seems like they implementing restrictions on daily reload limit. Previous daily limit was $500usd.

TO ALL VISA TRAVELMONEY (VTM) CARDHOLDERS

Dear Customer,
Please be advised that effective September 1, 2017, the daily limit for Republic Bank Visa TravelMoney® (VTM) reloads, via RepublicOnline, RepublicMobile App and RepublicMobile SMS Banking, will be US$100. The maximum card balance of US$5,000 remains the same.

Should you require further information, you may contact our Call Centre at 623-4RBL (623-4725).

[nick639v2]

Just got the mail too...that's real crap boy

[*KRONIK*]

Deef huqqqq

[black start]

Just got the email. Real sad!

Anybody with JMMB?

[xtech]

Hmmm.....if anybody want to buy stuff online and cant get enough USD PM me i can help

[vaiostation]

This is basically a prepaid Visa card?

[Coppershot]

^^^
Yes. But funds in USD not TTD like FCB Visa Card. . Im not sure currency of JMMB visa Card.
Other than that you stuck using Credit Cards (which most people will try to avoid).

[black start]

I see no mention of in bank reloads. Is it also limited to $100us?

[vaiostation]

^
^ Ok I see. I'm with jmmb, but I assume their funds are in tt since one of the tellers told me that If I wanted usd in my account I would have to request it.

[Duane 3NE 2NR]

This is basically a prepaid Visa card?

yes, correct

there are a number of threads already about it
viewtopic.php?t=324605
viewtopic.php?t=205234&start=180
viewtopic.php?t=616975
viewtopic.php?t=518743

[RedVEVO]

^^^
Sometimes the RBL VTM do not work ..

Very unreliable .

Do not use for travel as only source of funds .

[Duane 3NE 2NR]

^^^
Sometimes the RBL VTM do not work ..

Very unreliable .

Do not use for travel as only source of funds .

have two cards and using it years now - never had one single issue in any country or any website

[RedVEVO]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

[Joshie23]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

Only problem I had was when using it through PayPal to purchase a part, there was a slight difference between the exchange rate RBL was quoting and that of PayPal. But now, they've decreased the limit significantly and they'll still take a commission on top of that..it's only 1% but with this stipulation...sometimes you have to wonder who the customer really is..us or them..

[redmanjp]

Yeah i got the email too. I guess if u want to buy something more than $100 u have to load each day. So for $300 load 100 each for 3 days. Hopefully they don't drastically reduce the maximum balance also.

[Duane 3NE 2NR]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

VTM card is safer because it is a debit card, plus being VISA you can withdraw from PayPal in T&T.
No conversion rate when shopping in US since the card is solely in USD.

[Duane 3NE 2NR]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

Only problem I had was when using it through PayPal to purchase a part, there was a slight difference between the exchange rate RBL was quoting and that of PayPal. But now, they've decreased the limit significantly and they'll still take a commission on top of that..it's only 1% but with this stipulation...sometimes you have to wonder who the customer really is..us or them..

A VTM card is in US dollars only. If PayPal offered an exchange rate at checkout due to your geo-location, simply select "convert with card issuer" instead of with vendor. The amount will change to USD and there will be no exchange rate to pay.

[Joshie23]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

Only problem I had was when using it through PayPal to purchase a part, there was a slight difference between the exchange rate RBL was quoting and that of PayPal. But now, they've decreased the limit significantly and they'll still take a commission on top of that..it's only 1% but with this stipulation...sometimes you have to wonder who the customer really is..us or them..

A VTM card is in US dollars only. If PayPal offered an exchange rate at checkout due to your geo-location, simply select "convert with card issuer" instead of with vendor. The amount will change to USD and there will be no exchange rate to pay.

Remember it's prepaid so I had to load it up. Me trying to cutback on the amount of commission RBL made off of me I loaded the exact amount that I needed to make the purchase but when the site directed me to their PayPal section, the purchase wasn't going through at all. I then loaded $5.00 more and it went through seamlessly after that, so I guess there was a slight difference in the exchange rate RBL was using as opposed to that of PayPal.

[ismithx]

boy this new limit is real BS. imagine you can't even make an impulse purchase anymore.

[RedVEVO]

^^^

VTM commission and purchase of US $ makes it expensive .
Then when you add the 7% tax and USA Tax & shipping charge .. etc.

Use credit card and get "cash back" or reward points

[Duane 3NE 2NR]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

Only problem I had was when using it through PayPal to purchase a part, there was a slight difference between the exchange rate RBL was quoting and that of PayPal. But now, they've decreased the limit significantly and they'll still take a commission on top of that..it's only 1% but with this stipulation...sometimes you have to wonder who the customer really is..us or them..

A VTM card is in US dollars only. If PayPal offered an exchange rate at checkout due to your geo-location, simply select "convert with card issuer" instead of with vendor. The amount will change to USD and there will be no exchange rate to pay.

Remember it's prepaid so I had to load it up. Me trying to cutback on the amount of commission RBL made off of me I loaded the exact amount that I needed to make the purchase but when the site directed me to their PayPal section, the purchase wasn't going through at all. I then loaded $5.00 more and it went through seamlessly after that, so I guess there was a slight difference in the exchange rate RBL was using as opposed to that of PayPal.

But the money in the card is US$ so why is exchange rate at the point of sale an issue?

[RedVEVO]

^^^

Had a RBL VTM card ..

Try to use abroad ..
Error error etc.

Got a full refund in US Dollars !!

Credit card better .

Only problem I had was when using it through PayPal to purchase a part, there was a slight difference between the exchange rate RBL was quoting and that of PayPal. But now, they've decreased the limit significantly and they'll still take a commission on top of that..it's only 1% but with this stipulation...sometimes you have to wonder who the customer really is..us or them..

A VTM card is in US dollars only. If PayPal offered an exchange rate at checkout due to your geo-location, simply select "convert with card issuer" instead of with vendor. The amount will change to USD and there will be no exchange rate to pay.

Remember it's prepaid so I had to load it up. Me trying to cutback on the amount of commission RBL made off of me I loaded the exact amount that I needed to make the purchase but when the site directed me to their PayPal section, the purchase wasn't going through at all. I then loaded $5.00 more and it went through seamlessly after that, so I guess there was a slight difference in the exchange rate RBL was using as opposed to that of PayPal.

But the money in the card is US$ so why is exchange rate at the point of sale an issue?

The more surcharge ( the $5.00 US ) will translate into higher rate of exchange - or you just paying more to use US dollars. Keep in mind RBL rates are high already for purchase of the US to load the card.

With CC use, you pay the exchange rate at the time of post - and then the points rewards etc.

And any problems with the vendor - you can query the purchase .

Just an option

[Coppershot]

For those having issue with higher exchange rate with PayPal. Contact Paypal via website/webchat or email. By default they apply an exchange rate fee to card based on country the card is from even though rbl vtm card already in usd. Just contact them and tell them the card is already in usd. They will remove the exchange rate fee in a few hours.

[Duane 3NE 2NR]

For those having issue with higher exchange rate with PayPal. Contact Paypal via website/webchat or email. By default they apply an exchange rate fee to card based on country the card is from even though rbl vtm card already in usd. Just contact them and tell them the card is already in usd. They will remove the exchange rate fee in a few hours.

there's a checkbox for that on the paypal checkout page.
Use the vendor exchange rate or card issuer.
If you use card issuer it takes it directly as USD from the card and no exchange rate is applied.
The exchange rate is only applied when you load the card, not when you purchase.

[Coppershot]

^^^^
Ok i had changed mines some years ago. At the time there wasn't that option. When im at the checkout, i just get the exact usd amount due(no currency conversion fee).

[nick639v2]

Hmm anyone tried it yet?? Loaded 250$ normal today for an amazon checkout..m

Nvm saw it active from the 1st sept

[*KRONIK*]

And u eh buy a small thing fuh yuh boi?

[nick639v2]

Yuh want some fryer parts and fridge thermostats?? Money to make money these days boy.. no treats for myself even

[*KRONIK*]

I taking that too

[trinigamer]

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