OT: Ebay question

[Marcel Kunath]

The usual time of a wire transfer germany - usa is 5-7 days. I don't know
about the opposite direction. I find the fees too large too but most of them
are fees for the exchange of money. At least in Germany the fees are so large
because they take a percentage of the amount you exchange and then wire.

Here in Oz they usze a EFTPOS system when people buy things. I think it's real
cheap./ Ity comes straight out of your account and on every transac tion the
bank gets 50 cents. The problem is if you bought something via eftpos and
rewturn the item they have to transfer it back to your account via eftpos and
can'
t give you cash. Quite stupid. The other day a storew priced my friend's good
wrong by a dollar. She went to get the buck b\ut they had to deposit it back
in which basically cost her almost as much as they owed her.

mk

> > Sean, >
> Maybe you haven't had the opportunity to do a INTL money transfer yet.  When y
ou walk
> up to the "experienced financial consultant" at most major banks (the now domi
nant
> Standard Federal is an example) and ask to do an intl transfer, they give you
a look
> like deer in the headlights.  When you give them a SWIFT # anything else other
 than
> the amount you are transferring they get completely confused.  I had one lady
tell me
> she had to call chicago to see if she was doing it right.  Come to find out, t
he
> transfer hadn't been completed until ABM AMRO (their parent company) sent me a
 letter
> about 2 weeks later from out of state to signify the transfer had been complet
ed.
> This transfer was to another business in Germany actually.  In her years of wo
rking at
> that branch, the only time she had exposure to it was in training.  That spell
s
> complete confidence to me!
>
> 3 months for out of country balance transfers?  You've got to be kidding - in
this day
> of age where foreign markets are made and broke in HOURS, it doesn't quite mak
e
> sense.  Except for the "protection" of the transferrer-transferree.  Of course
, if you
> bring up a comment like 'its also fair for a bank to charge $30' - even though
 the
> going rate of a SWIFT transfer ( 1.1bil transactions last year) is about a cos
t of
> about .36c/message.  EFT's are designed to be quick, painless and built for ec
onomies
> of scale.  Just do some reading on CHIPS/SWIFT.
>
> For individuals, its a fringe service.  It's like driving a pinto - you dont k
now if
> it'll get to it's destination in one piece.
>
> jason
>
> Sean wrote:
>
> > I found the comments to be rather offensive and uncalled for, and even
> > after reading a page of blather it only explained your ignorance of the
> > U.S. banking system. In fact I believe it is a banks right to hold the
> > money for like 3 months for out-of-country balance transfers.
> >
> > Just like it is there right to hold personal checks for I believe a week,
> > and 3 weeks for out-of-state withdraws. I am not fully aware of the rules,
> > but someone that is familiar with the banking systems around the world
> > should be.
> >
> > On Wed, 31 Oct 2001, Marcel Kunath wrote:
> >
> > > Very funny Jason =)
> > >
> > > You may find it offensive Julie but if I walk into a bank and want to tran
sfer
> > > money (no matter how much) and I got a girl or guy there 18 years old and
I
> > > know more about wire transfers than (s)he does simply from reading her/his
 body
> > > language and her/his answers to my questions I fear about my money.
> > >
> > > Sorry for my strong comments but if you knew the scrutinized education Ger
man
> > > bankers have to go through you wonder how anybody can trust a teller. I am
 not
> > > against youth in the banking business. I am against having youth run a bra
nch
> > > and the manager not be available.
> > >
> > > I got a friend here in Oz who used to be a CEO of a international company
with
> > > branches in the USA. He quit te business and moved back to Oz. He is tryin
g
> > > since weeks to get his money back from the USA and the Americans are too
> > > *beep*
> > > to do a wire transfer even though he has proven tothem multiple times that
 he
> > > is authorized to request this transaction from his account.
> > >
> > > Clearly it depends on who you make business with. Wire transfers are a str
essy
> > > subject for me due to my experience but I don't even want to expereince if

> > > money ever gets wired to the wrong place and the loops you have to jump
> > > through to prove that you have the right to get it back. Hence I am puttin
g the
> > > bar very high on banking services and how to please me. People who have no
t
> > > moved around as much money as I have between countries don't get to see ho
w
> > > untrustworthy such action can be.
> > >
> > >
> > > mk
> > >
> > >
> > > >
> > > > i believe you are reading into his statement a bit too much.  i am a col
lege
> > > > student, and a blondie.  i dont find it offensive.
> > > >
> > > > perhaps you are trying to imply a gender in his statement, which there i
s most
> > >
> > > > definately not.
> > > >
> > > > jason
> > > >
> > > > Julie wrote:
> > > >
> > > > > Marcel wrote:
> > > > >
> > > > > >I would always insist to
> > > > > >ask for the manager first to make sure some college blondie ain't mes
sing u
> > > p.
> > > > >
> > > > > Um..did anyone else find this statement more than a little offensive?
> > > > >
> > > > > *julie
> > > > >
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