Thursday, 17 March 2011

Thinking of a USA holiday?

If you go to the USA for a holiday think twice about using an ATM to get cash US dollars. The banks out there are looking to charge $5 a withdrawal. That is on top of any charge by your domestic bank for a foreign currency transaction. Now that is what I call price gouging by overpaid Banking executives.

The banks introduced ATM as a cost saving. It meant they could reduce the level of tellers at the bank counter. It now looks like they are now pushing the service as a revenue stream.

I like visiting the USA, but this type of price gouging coupled with the "reception" at immigration where you are fingerprinted like a common criminal does rather push the country down the level of attractiveness.


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