Don’t Trust Banks for International Money Transfers

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4 Responses

  1. Leo T. Ly says:

    My mom often transfer money from Canada to our relatives overseas. I never really inquire about the fees, but I guess it not cheap. I know this because I was at a bank trying to exchange my Canadian dollars to Euros a few years ago. The spread was about 6%. I was floored because I get a rate of less than 1% for USD. I am glad that I don’t seen money overseas very often.
    Leo T. Ly recently posted…How Do You Deal With Retirement Fears?My Profile

  2. Pellrider says:

    The banks are making money in million ways. Glad that I own the bank stocks

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