I have previously admitted to being low on cash. How low, one might ask? Well, on Monday morning, I was $24 short of having enough cash to pay my mortgage, which is due on Saturday
( Read more... )
My bank did something similar when I cme back from Japan, except they charged me a *percentage* of the total amount of cash, since it was over a certain amount, something like 5.5%. I paid a little over $60 to exchange just over $1000 in yen. And I had to wait while they sent it to Atlanta for processing. Two weeks of waiting. Bigtime suck.
It's really a hell of a pain. I mean, I don't mind much that they're "buying" rather than "exchanging" currency, but the flat fee really annoys me. It makes it almost completely pointless to change small amounts.
If I hadn't needed it, I wouldn't have changed it at all.
I mean, 30 Euros = 29 USD? In what topsy-turvy world does that happen?
If there was a profit in jumping off the bridge, they'd do it.
As I recall from my trip long ago, the practical exchange rates are already set up to give the changer a bit of profit, so that if you change your Euro to dollars then immediately back, you're losing money. I guess someone decided they weren't making enough on small transactions.
Wow, its been years since I last tried to do such a thing, and i know i wasn't charged.
Reply
I really wanted to ask, "So, if all the banks jumped off a bridge, would you guys, too?"
Reply
Reply
If I hadn't needed it, I wouldn't have changed it at all.
I mean, 30 Euros = 29 USD? In what topsy-turvy world does that happen?
Reply
As I recall from my trip long ago, the practical exchange rates are already set up to give the changer a bit of profit, so that if you change your Euro to dollars then immediately back, you're losing money. I guess someone decided they weren't making enough on small transactions.
Reply
Leave a comment