Grandmother charged half of grandson's birthday money in fees

[Trickery]

https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12046868

Did anyone else see this in the Herald?

[SaladFingers]

Nah, didn't see that (I rarely read the Herald), absolutely disgusting amount to charge.

One thing that always amazes me is how few people know about Transferwise and Currencyfair.

[BLPinfinity]

On 5/7/2018 at 8:19 PM, Trickery said:

https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12046868

Did anyone else see this in the Herald?

It's just robbery! SWIFT doesn't help the situation.  Interesting the AUS side of the business has dropped their fees but they left it the same in NZ, cheeky buggers.  

Still go it good with banking in NZ and AUS.  Here in the US everyone is still using cheques and its an absolute nightmare to do an AP to someone.  I laughed when the bank teller asked me if I wanted 1 or 2 cheque books when I opened an account......turns out she was serious lol.

[Trickery]

5 minutes ago, Blpinfinity said:

I laughed when the bank teller asked me if I wanted 1 or 2 cheque books when I opened an account

What's a cheque book again? Oh yeah one of those papery things we had last century.

[SaladFingers]

I think NZ and Aus are quite far ahead with personal banking.

Most (if not all) shops etc in the UK still have a minimum spend for debit card transactions, I always get the look of absolute disbelief from a shopkeeper during visits when I forget and try to buy a pack of chewing gum with my card.