From an international funds transfer yesterday. Through NAB the conversion AUD to CAD = 0.899 **promotion blocked** quoted exchange rate at the time: AUD/CAD = 0.940671 Margin = 0.041671 so for $200 the margin cost is $8.33
------------------------------------------------- WESTERN UNIONWestern Union conversion AUD to CAD = 0.94 **promotion blocked** quoted exchange rate at the time: AUD/CAD = 0.940204 Margin = 0.000204 so for $200 the margin cost is $0.04
----------------------------------------------- OUCH!!!! So the question is: Why is NAB so expensive? Do they expect the client to not bother to check the reported exchange rates?
NAB Price at posting:
$24.76 Sentiment: None Disclosure: Not Held
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