Quote:
Originally Posted by WiredGuy
I don't think there should ever be a percentage of the check amount being charged for cashing checks. I think my rate is about 10c/check for USA checks and 5c for domestic.
WG
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Even if they don't explicitly charge you a percentage it will probably be hidden in the exchange rate. For example, Westpac Australia charges a flat rate to receive a wire, while HSBC charges a percentage... seems obvious which is the better deal, but if you look at the exchange rates offered by each bank HSBC's are a fair bit better. The actual amount you receive from a conversion is very similar even though one bank is (transparently) charging a percentage based commission.
