I’m definitely getting grumpier, the older I get !!!
We bank in the UK with a high street bank and with Credit Agricole here in France. We buy our Euro needs monthly through a broker and that works fine. Every now and then though, you have an expensive month and need a cash top-up.
Some time back, CA introduced a €6 charge for withdrawals from a ‘foreign’ bank. I normally refuse to incur this extra charge and deal with it in some other way since some banks don’t make this charge.
What I’d really like to know, perhaps from somebody who works or previously worked in banking, is whether this is a legitimate charge. What I mean is that I have always thought that a transaction is a transaction and the worldwide banking system doesn’t really recognise country borders, particularly within Europe. The charge goes against the debiting account wherever it is - it’s not as though there’s somebody sitting there allocating the debit.
I just think that it’s a ‘fast-one’ to boost profits for no additional work. Am I wrong?