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Any idea why the UK is still allowed to charge so much for outgoing Euro payments? It's reduced a lot, but my UK bank still charges £9 + their poor exchange rat
by lucaspiller 9y ago
Any idea why the UK is still allowed to charge so much for outgoing Euro payments? It's reduced a lot, but my UK bank still charges £9 + their poor exchange rate.
- tonyedgecombe 9y agoI phoned up my bank and asked them how they calculate their fees and the exchange rate on foreign transactions. Needless to say, they couldn't give me an answer.
- beejiu 9y agoSo get another bank. This particular problem does not need regulatory intervention because there are much cheaper options available.
- kennydude 9y agoProbably because they can. Monzo have said they aren't going to add charges where they don't get charged themselves (such as EU payments currently).