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Old 05-30-2003, 12:46 AM  
Zorgman
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Join Date: Aug 2002
Location: Sydney, Australia
Posts: 6,103
Currency issues AUD vs US vs CAD

Some Australians might be interested in this.

I went to deposit my cheques today and they found that a cheque from Slickcash.com was written on a Canadian cheque but in US dollars. As the payment was only for $35 US they had to ask me if I wanted to deposit it. I said Yes.

Heres the deal they gave me.

Because it's an Canadian cheque it's automaticly in Canadian dollars, even if the cheque says US currency.

The bank couldn't give me a transfer amount for it because they need to send it off to someone else to transfer it to an exchange rate (for some reason it takes 30days). When they get it a $20 fee is charged + it costs $10.50 to deposit the cheque in the first place, so it's cost a total of $30.50 AUD.

$35 Candian = $39 AUD

So instead of getting a US cheque which converts to $54 AUD im getting $8.50 cheque because it's in a different currency.

None the less, I dumped slickcash a few weeks ago. But hey, it''s all money and worth fighting for.

/end
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