| Currency exchange question |
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goodtimes89
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 04 Feb 2013
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| Currency exchange question |
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Hi, new member here…forgive me if I'm not posting in the right section. I think Bank of America might be ripping me off—again.
My question pertains to a $20,000 check I received in Canadian currency issued by Bank of Montreal. I deposited it and it went into collections. 4 weeks later I received $19.291.40 USD in my account. Wow, that's a $700 difference!!!! BofA took $40 in fees and BofMontreal took $60 in fees. The rest they say is the exchange rate of 0.9694.
I looked up and exchange rate history and in no point in the past few months has it dipped that low. I call and they inform me that this is due to various exchange rates for different transactions, and in this case there is a different exchange rate for checks that need to go into collections. What? Does that seem right? I can't find anything on this.
To make this even more wacky. My sister received the a check for the same amount (she banks up in Portland, OR with a credit union) and the same thing happened to her. 2 weeks later $600 more dollars were added into her account. According to her, her credit union shows no history of the original amount.
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Mon Feb 04, 2013 8:23 pm |
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JamesMartin
Contributing Member
Cash: $ 8.65
Posts: 40
Joined: 19 Jun 2014
Location: Deeragun,Qld
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what is the reason behind that dollar is dropping day by day.
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Tue Aug 12, 2014 12:12 am |
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