IS EUROS 400 FAIR FOR A BANKER’S CHEQUE?

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This topic contains 6 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years ago.

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  • #55925
    Profile photo of Anonymous
    Anonymous
    Participant

    My bank in Javea, Spain tells me that their charge of 400 Euros for preparing a cheque for Euros 270k is fair, does anyone agree?
    I think that this is outrageous, can anyone tell me what they have actually paid as a bank charge for this sort of money?
    Currently I am trying to negotiate with the bank manager but he tells me that his charges are low compared with other banks and I do not believe him.

  • #101291
    Profile photo of Anonymous
    Anonymous
    Participant

    that sounds too high IMHO, my bank charged for 38,35 for 3.835,00 which I thought was expensive, but they later credited me (I think) 26€ against this charge I’m not sure why they did this, but I hadn’t spoken with them about the charges (I was planning too)

  • #101292
    Profile photo of Anonymous
    Anonymous
    Participant

    @El anciano wrote:

    that sounds too high IMHO, my bank charged for 38,35 for 3.835,00 which I thought was expensive, but they later credited me (I think) 26€ against this charge I’m not sure why they did this, but I hadn’t spoken with them about the charges (I was planning too)

    38/3,8k is very expensive. It’s 1%.

    400/270k is 0.15%. Considering the service provided I think that is robbery, but it’s fairly typical of high bank charges in Spain. We all get royally ripped off by banks in Spain.

  • #101299
    Profile photo of Anonymous
    Anonymous
    Participant

    Check out with other banks as to what they charge & the & at what stepscale the prices go up . Get made a few Bankers draft totally to the amount required.

  • #101301
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    0.1% to 0.15% seems to be the norm from what buyers have told me.

  • #101455
    Profile photo of Anonymous
    Anonymous
    Participant

    It always used to be 0,4 of 1 %, of the cheque value. Always makes me laugh when you can take it in cash & there’s no charge .

  • #101505
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks to everyone that replied. After a lot of negotiation with the bank they have agreed to charge Euros 100. This is on condition that I purchase their house insurance product which I have to admit is competively priced. So the moral of the story is argue, argue, argue and in the final analysis accpet that if you scratch their back they will scratch yours.
    Regards to all, Gary

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