Wednesday, March 09, 2005
Banks
Banks.
I asked my bank to send $180, by telegraphic transfer, to a charity in the Philippines. I explained that I would meet all bank charges. I was told that the total bank charges would be $77 (£39 sterling). The total cost to me was $180 plus $77.
It was 16 days before the charity was informed that the money had arrived.
The banks involved have now charged $92 dollars for the transaction. The Philippine National Bank appears to have imposed an extra charge of $15.
The charity is worth supporting:
http://www.visayans.org/sponsor_a_child_next2.cfm
My bank charged $77.
The Philippines bank charged $15.
The charity ended up receiving only $165.
I asked my bank to send $180, by telegraphic transfer, to a charity in the Philippines. I explained that I would meet all bank charges. I was told that the total bank charges would be $77 (£39 sterling). The total cost to me was $180 plus $77.
It was 16 days before the charity was informed that the money had arrived.
The banks involved have now charged $92 dollars for the transaction. The Philippine National Bank appears to have imposed an extra charge of $15.
The charity is worth supporting:
http://www.visayans.org/sponsor_a_child_next2.cfm
My bank charged $77.
The Philippines bank charged $15.
The charity ended up receiving only $165.
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