Why do they charge 2.75% for using your own savings?
- posted
15 years ago
Why do they charge 2.75% for using your own savings?
What did they say when you asked them?
Chris
towards the Directors bonuses.............
At 00:40:32 on 11/03/2009, Gallagher delighted uk.finance by announcing:
Presumably you mean on non-sterling transactions. In which case, most banks make some sort of charge for buying your foreign money for you.
Yes. I often wonder why people post questions here when they would be better answered by the institution in question.
Rob Graham
Bitstring , from the wonderful person robgraham said
They're probably hoping for a more sympathetic hearing here .. which only goes to prove they don't read the group that much. 8>.
The answer is of course blinding obvious anyway 'because people are stupid/lazy enough to put up with it'.
Isn't that the tip? They use them to buy the bubbly at the shareholders' meetings. ;-)
They're not "buying your foreign money", they are doing a division on their computer and marking up the result a bit because it's an easy way of hiding a charge for doing FA.
In fact it's probably VISA who do the division, Barclays then just mark the result up a bit.
Have you ever tried phoning Barclay's call centre? You would get a more meaningful response if you asked Eliza (a computer chatbot written in the
1960s).
There's a modern version of Eliza, called Alice, (sorry, lost the url,) but she's not much cleverer.
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