Gregory's Server@sarahdalgulls
Good to hear UK→UK transactions are fee-free.
Non-UK→UK will get you burnt. I opened an account in the UK & had to fund it. The brokerage said in their ToS that they charge no fees for transfers. So I sent money to fund my own account. Less money arrived than what I sent. My bank denied taking a fee & the broker denied taking a fee. It turned out that an intermediary working for the broker took a fee.
@BrianSmith950 @simon @adam
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@batalanto that really sucks. I've never had a problem transferring internationally within europe, but there's always fees and shocking exchange rates; with the US banking system being very different to ours I imagine there's tonnes of ways for people to make a quick buck out of it |
@sarahdalgulls
I was upset about it because I did diligent research before sending the money. Even after I got burnt, nothing in either of my contracts with my bank or brokerage disclosed the fee that was taken. When I tracked down who the intermediary was (who i did not have a contract with), I asked them for a written statement of the fee and how much they take. They said that’s private- between us & the broker.
@BrianSmith950 @simon @adam