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A comment on Physical cash is dying–and you don't need to be a conspiracist to worry. Parent comment

Re:Physical cash is dying–and you don't need to be a conspir... by xadhominemx on Saturday February 03, 2024 @01:05PM (#39242989)
Banks all over the world make healthy margins on cross-border transactions involving a currency cross. It is not unique to American banks at all.
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Re:Physical cash is dying–and you don't need to be a conspir... by newaccount74 on Saturday February 03, 2024 @03:21PM (#39244358)
My EU bank charges less than 1% currency exchange fee. US banks have charged me 5-8%. It's not the same.
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Re:Physical cash is dying–and you don't need to be a conspir... by xadhominemx on Saturday February 03, 2024 @03:49PM (#39244600)
No way a US bank charged you that amount unless you made the purchase in an esoteric fashion.
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Re:Physical cash is dying–and you don't need to be a conspir... by newaccount74 on Sunday February 04, 2024 @07:22AM (#39249688)
It was not a purchase, it was a money transfer. They converted it to EUR for me at really bad rates. It was not an explicit fee.
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Re:Physical cash is dying–and you don't need to be a conspir... by xadhominemx on Sunday February 04, 2024 @01:15PM (#39252767)
Ok well we are talking about something else entirely -- credit card purchases with an FX cross.
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