IS EUROS 400 FAIR FOR A BANKER’S CHEQUE?

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    • October 22, 2010 at 11:50 am #55925
      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.

    • October 22, 2010 at 12:24 pm #101291
      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)

    • October 22, 2010 at 1:36 pm #101292
      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.

    • October 22, 2010 at 4:57 pm #101299
      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.

    • October 23, 2010 at 9:45 am #101301
      Fuengi (Andrew)
      Participant

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

    • November 8, 2010 at 6:58 pm #101455
      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 .

    • November 11, 2010 at 9:43 am #101505
      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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