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    • Consumerist
    • By Consumerist 10th Jul 18, 3:14 PM
    • 4,846 Posts
    • 2,388 Thanks
    Consumerist
    . . .and they charge it to my account at whatever is their current rate of exchange for that day. . . Can anyone advise?
    Originally posted by JayKayPol
    The rate of exchange from banks usually includes a roughly 3% loading over the wholesale rate. The agencies exchange at close to the wholesale rate for a relatively small charge (commonly 0.5% or less)

    Edit
    If you want to compare some agency costs with those from banks then you could have a look at the <Monito comprison site>. You will find you'll need to scroll a long way down the list to find the charges by a bank.
    Last edited by Consumerist; 10-07-2018 at 3:22 PM.
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • JayKayPol
    • By JayKayPol 10th Jul 18, 3:20 PM
    • 2 Posts
    • 0 Thanks
    JayKayPol
    Ahhhh, I see. Thank you! I didn't understand that bit about the wholesale rate - not sure if that is clear in the article, or if I just missed it........................
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