From: d4g4h4 on
Martin <me(a)address.invalid> wrote:

> On Mon, 28 May 2007 13:17:24 +0100, d4g4h4(a)yahoo.co.uk (David Horne, _the_
> chancellor (*)) wrote:
>
> >William Black <william.black(a)hotmail.co.uk> wrote:
[]
> >More fool you then. The Nationwide doesn't tax you- open an account with
> >them. It's been mentioned plenty here before.
>
> They make their money on the rate of exchange they give you.

Yes- 0.001%

--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"Abominable, loyal, blind, apparently subservient."
Pres. Carter on Pres. Blair- May, 2007
From: William Black on

"Martin" <me(a)address.invalid> wrote in message
news:6eil53ludt6j028qigvc2eevvuc5knu87g(a)4ax.com...
> On Mon, 28 May 2007 13:17:24 +0100, d4g4h4(a)yahoo.co.uk (David Horne, _the_
> chancellor (*)) wrote:
>
>>William Black <william.black(a)hotmail.co.uk> wrote:
>>
>>> "David Horne, _the_ chancellor (*)" <d4g4h4(a)yahoo.co.uk> wrote in
>>> message
>>> news:1hytl7r.iylckg1e56qnjN%d4g4h4(a)yahoo.co.uk...
>>> > William Black <william.black(a)hotmail.co.uk> wrote:
>>> >
>>> >> "Frank F. Matthews" <frankfmatthews(a)houston.rr.com> wrote in message
>>> >> news:465a64b0$0$10100$4c368faf(a)roadrunner.com...
>>> > []
>>> >> > It is not clear that the advantages are more than minor.
>>> >> >
>>> >> Actually that explanation only applies if you're the chancellor. For
>>> >> normal
>>> >> people there are advantages and no down side.
>>> >
>>> > The clearest downside would be a rise in prices created by confusion
>>> > over the euro. This happened in every single country which adopted the
>>> > euro, and explained why post-adoption public opinion in many of those
>>> > countries dropped so low. Complaining about the UK being more expensve
>>> > is besides the point- it would become more expensive still if it
>>> > adopted
>>> > the euro. The advantages of the euro for most 'normal people' in the
>>> > UK
>>> > is that it makes travel in euro-zone countries a lot easier- you don't
>>> > need to have the euro as your currency to take that advantage.
>>>
>>> Not so much 'easier' as 'cheaper'.
>>>
>>> The banks levy a tax on anyone with the temerity to spend money in
>>> Europe.
>>>
>>> I resent that.
>>
>>More fool you then. The Nationwide doesn't tax you- open an account with
>>them. It's been mentioned plenty here before.
>
> They make their money on the rate of exchange they give you.

Like on the P&O ships across the Channel and North Sea.

Big signs saying 'No commission charges for currency exchange' and then you
realise the rate is 8% less than the quoted rate.

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.




From: d4g4h4 on
Martin <me(a)address.invalid> wrote:

> On Mon, 28 May 2007 13:27:44 +0100, d4g4h4(a)yahoo.co.uk (David Horne, _the_
> chancellor (*)) wrote:
>
> >Martin <me(a)address.invalid> wrote:
> >
> >> On Mon, 28 May 2007 13:17:24 +0100, d4g4h4(a)yahoo.co.uk (David Horne, _the_
> >> chancellor (*)) wrote:
> >>
> >> >Martin <me(a)address.invalid> wrote:
[]
> >> >> eh? Every holiday costs you several % in currency conversion charges
> >> >> more than say a Dutchman having the same holiday.
> >> >
> >> >No it doesn't. I have a Nationwide account for European travel.
> >>
> >> and of course you get the ECB rate of exchange?
> >
> >No. It's about 0.001% different to it, not in my favour. It's a
> >negligible amount, and of course, it's not just in Euro countries, I get
> >the same rates in the US, Norway etc.
>
> So the buying and selling prices are the same? I very much doubt it.

I gave you the figures- that's the percentage I get for withdrawing
money abroad. I have no need to exchange any money back.

--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"Abominable, loyal, blind, apparently subservient."
Pres. Carter on Pres. Blair- May, 2007
From: d4g4h4 on
Martin <me(a)address.invalid> wrote:

> On Mon, 28 May 2007 13:29:10 +0100, d4g4h4(a)yahoo.co.uk (David Horne, _the_
> chancellor (*)) wrote:
>
> >Martin <me(a)address.invalid> wrote:
> >
> >> On Mon, 28 May 2007 13:17:24 +0100, d4g4h4(a)yahoo.co.uk (David Horne, _the_
> >> chancellor (*)) wrote:
> >>
> >> >William Black <william.black(a)hotmail.co.uk> wrote:
> >[]
> >> >More fool you then. The Nationwide doesn't tax you- open an account with
> >> >them. It's been mentioned plenty here before.
> >>
> >> They make their money on the rate of exchange they give you.
> >
> >Yes- 0.001%
>
> What is the current Euro rate of exchange according to your bank?
>
> http://www.1stholidaystore.co.uk/articles-holidaymoney-aquickguide.htm
> "... For example, Nationwide Building Society and Alliance & Leicester have a
> handling charge of �3.50" You are lucky! :-)

Yes I am, because I'd never need to pay that. I use my nationwide bank
account to withdraw money abroad, from ATMs.

I've told you what I'm 'charged' for that.

--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"Abominable, loyal, blind, apparently subservient."
Pres. Carter on Pres. Blair- May, 2007
From: Miguel Cruz on
d4g4h4(a)yahoo.co.uk (David Horne, _the_ chancellor (*)) wrote:
> I gave you the figures- that's the percentage I get for withdrawing
> money abroad. I have no need to exchange any money back.

Would it be possible to quote a single foreign transaction from your
bank statement? The date, currency, and amount deducted from your
account. I'm genuinely curious about the exact cut imposed by the
legendary Nationwide and would love a chance to compare it to the
reference rate for that day. If you don't want to post here, an email
would be great - traveler @ u , nu

miguel
--
Hit the road! Photos from around the world: http://travel.u.nu
Detailed airport information: http://airport.u.nu