Canuck223 Posted May 30, 2014 Share Posted May 30, 2014 Wire transfer fees on both ends of the Atlantic eat into my margins. Add a payment schedule to that, and it gets ugly fast.Avoiding the costs adds risk and complication, plus compliance BS. I think the next time that Prince from Nigeria wants me to help him move his fortune, I'm going to ask to talk with his accountant.......... Link to comment Share on other sites More sharing options...
Lifeislarge Posted May 31, 2014 Share Posted May 31, 2014 Yeah I just got f*#ked by the Canadians. Had a rebate check from Alberta sent to me for $258 so my bank sends it back to Canada to cash it and RBC charged $60 to do so. Add the $30 fee that my bank charged and I got squat. Assholes. Link to comment Share on other sites More sharing options...
HRider Posted May 31, 2014 Share Posted May 31, 2014 Yep, the banks are in business to make money. I recently did an international transfer, got hit with a fee on both ends and my bank "bought" euros at exchange value and "sold" them to me at retail value. I wouldn't have minded my bank charging a fee or making money off of the exchange, but both seemed excessive. I politely told them so, but it didn't change anything. Hurley Link to comment Share on other sites More sharing options...
Canuck223 Posted June 17, 2014 Author Share Posted June 17, 2014 I don't begrudge the banks making a fair dollar.Oh well. There is something to be said about the flexibility of having a bank account offshore. Link to comment Share on other sites More sharing options...
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