- Dec 5, 2019
Wow 10 mio? Thats a ticket to Europe. I will definitely pissed off if I lost that much. The bank corresponded fee should be low, the TT rate should follow the current daily rate, the bank standard transfer fee is around £20, unless you paid FAG ( Full amount guarantee) but I doubt they do that from overseas bank.Ok the money finally arrived, yet from the day it should have been sent to when it arrived, the xchange rate dipped... AND fees...
I lost nearly 10 million IDR in this, that is ridiculous by any stretch of the imagination, so I am extremely pissed off with this & have called on them to investigate.
They initially said they exchanged from GBP to USD which then got exchanged to IDR in my bank- that seems like 1 exchange too many to start with.
They should have just sent GBP.
I expect a full investigation into this & if they do not do something constructive I shall report them to the ombudsman.
The loss in just the currency exchange rate dip was around 4 million IDR- so surely theydidn't take 6million in fees- whatever that is in GBP
But some bank do wait for the lowest rate, before they deposited into the account... I’ve been there.
I recon the sender bank put all the charges on you.
• Transfer fee
• Commission fee
• Corresponded fee
• and Lowest exchange rate from recipient bank.