Quote:
Originally Posted by nekrom
Yeah I've noticed those cheeky cunts at Westpac score an extra 1.5-2% above the current market rate.
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That's probably because they roll their commission into the rate. I use HSBC now, which quotes a rate which is virtually identical to market, but then they also charge a separate 1% commission. Funny thing is that they don't do it right - they often charge me NO commission, and the rest of the time it's just the $10 minimum fee, rather than 1% of the actual amount received. Not that I'm complaining!
Anyway, Yahoo is showing that the rate briefly went above 1.00 today.