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.

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