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Old 26.10.2006, 10:31
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Re: IBAN/BIC/PayPAL/money transfer related questions

Quote:
Thanks Mark...appreciate the post. Recently I got a cheque for $500 and the bank took a large bite out of it! It's as if the bank worker flew all the way to USA to get my cheque!
Well... maybe not that bad, but there is considerable amounts of work in processing cheques for the banks - international cheques would be much more difficult to process and involve more work, and therefore higher cost. The whole situation is so bizzare it makes one wonder why it still goes on in this day and age.
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