JUST TRANSFERED 20K USD AND BANK CHARGED ME $700 !!!!

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Wayan_Pedjeng on November 11, 2018, 04:26:36 AM

LOL... this is not a one-off incident. I am a resident of Indonesia and whenever I visit Singapore or Thailand, they change somewhere around 3% for the conversion to SGD or THB from IDR. What we can do about it?

Bring your crypto with you and then try localbitcoins in the country where you going to travel. Grin

. I'm remember a guy travelling with his bitcoin or something exchanging it through locals. And he says he met a lot of crypto enthusiast because of it so it might work.

Wayan_Pedjeng

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Activity: 913

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LOL... this is not a one-off incident. I am a resident of Indonesia and whenever I visit Singapore or Thailand, they change somewhere around 3% for the conversion to SGD or THB from IDR. What we can do about it?

funchiestz

sr. member

Activity: 1134

Merit: 342

Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

I think why Bitcoin is so important we can see here now. If you did this transaction with BTC, you could pay about only 3.25 $.

You may not pay with some crypto coins like NEO!

There's little time left to use Bitcoin this way. Soon the whole world will see it as a value of money, and I think this will hurt the banks a little bit. But it would be wrong to pity them. In the age of technology, it is not ethical that they still receive very high fees for money transfer.

larrylegend33

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Activity: 280

Merit: 10

I wonder which country you are living? This is is really huge ammount of money actually $700 means robbery! The blockchain and the cryptocurrency system found to solve this type of matters. And why didn't you use cryptocurrency to send money? Didn't you have the chance to use it? Or your reciever don't know about it? Sorry for your lost..

cizatext

member

Activity: 952

Merit: 41

Since the coming of bitcoin must people have switch from using bank for transferring of huge money across countries, send money using the bank have it huge cost and at times it may take days before the transactions will go through and with a huge transactions fees but the case is different with bitcoin with a small fee you send money to any one and at any where in the world fast and secured.

Tamilson

hero member

Activity: 1022

Merit: 503

Quote from: franky1 on November 10, 2018, 07:57:32 PM

so OP end solution is, stop being reliant on FIAT. and ask the person you send funds to to not be reliant on fiat. then stick with just btc

Yeah just introduce him to btc so you can have a peer to peer transaction and everything will be fine. That $700 is huge just for a wire transfer and it's killing the society.

Though people are reluctant about bitcoin since it's volatile but they didn't bother to think the money deflates as so with the higher inflation, so what's more acceptable then?

dmty.0809

sr. member

Activity: 756

Merit: 250

WOW, 700 $ is very big for a fee, really if you use bitcoin, you won't lose 700 $, the fee for bitcoin alone is only 1% .. It's cheaper if you change bitcoin to doge.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

Unfortunately this is why Bitcoin isn't taking off in Australia.

We have instant (several seconds) transfer between banks in Australia which is also free.

International transfer to the UK (our most popular destination with existing family.) is about $20.

It's amazing I think Australia's banking system is the most advanced in the world.

But the downside is no one here really cares about Bitcoin, as there is very little point to owning it in Australia.

denzkilim

full member

Activity: 1218

Merit: 105

Quote from: bL4nkcode on March 26, 2018, 08:00:24 PM

Well you have nothing to do with it but to accept the fact that banks are so greed, annoying etc. even if people saying that we need bitcoin and crypto for what? Real money? Stop dreaming, it will never happen unless all people can use internet and mobile phones or any gadgets where wallet can be installed.

Quote from: globe-biz on March 26, 2018, 07:44:03 PM

And the sad thing is the government who is supposed to be the justice, ya right.

More often they the caused of biases, unfairness and greed.

Believe me mate most of the governments in this world doesn't care for their citizens and all they want is our precious money and most of the time it goes directly to their pockets and this money help them to live a luxurious life. This is the sad truth about the reality in our government and monetary system and the legendary "Satoshi Nakamoto" gives us hope that this system should stop and we have choices and we are not slaves of these greedy people that steal our money. Bitcoin and the blockchain system gives freedom to everyone who chooses it and its one of the reason why most of the corrupt governments in this world don't want this kind of decentralization and technology in our monetary system because it will be impossible for them to steal money from their citizens again and this will give them a real pain in their butts because they'll lose one of their main sources of income. Cool

Big respect to the one who started this revolution and whoever this guy behind the screen name "Satoshi Nakamoto" you've done an awesome work sir and soon the whole world will realize the real usage and benefits of using the technology you have created. "Hats off"

ansarose1

member

Activity: 784

Merit: 10

Wow! a huge profit on the part of the bank, however 3% is so big enough i think, if we can suggest banks to just get a 0.5% profit only maybe that will be good on both hands. As for the transactions made by the investors everyday, banks can earn millions.

Paleus

full member

Activity: 284

Merit: 122

www.diginomics.com

$700 for moving money internationally? Why would you not first convert to bitcoin?

The future is already here mate.

franky1

legendary

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Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

but what you would find. is this
wire transfering $20k from your bank to an exchange would come with costs
the exchange then would do a 0.3% swap for fiat to crypto
you would then withdraw crypto to a wallet. exchange charges you a withdrawal fee
you then move the crypto to another address(or recipient would move it to a exchange) thus another fee
they then would convert crypto into their native fiat and be charged a exchange fee
then they would withdraw fiat to their bank account and be charged a wir transfer fee

add all that up and i guarantee you it wont be 25cents.. it would still be hundreds of dollars.

i personally live off bitcoin. i dont touch fiat.
even if my banks dont charge wire transfer fees in my country(uk)

so OP end solution is, stop being reliant on FIAT. and ask the person you send funds to to not be reliant on fiat. then stick with just btc

kwakgyimah

jr. member

Activity: 98

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Quote from: kerjakuat on October 03, 2018, 03:51:42 AM

I can buy a new gpu with that money dude. Never taught bank fees can go that high. That was super insane. Your government must be to poor that why they need an super extra money by eating super large fees like that. At my country we has limitations for the fees when it involve a huge money transaction. Just imagine how muct the fee they can get from 1 million with that fees. Bank sure very super rich.

The traditional banks have always exploited customers. The banking sector has always been a very profitable venture when well managed since the ancient days when it was first introduced. I believe we are still in that era where customers are always exploited of their hard earned money. Blockchain technology can help curb such issues of high charges.

zoeylee

copper member

Activity: 238

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Semi-Decentralized Exchange

Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to anothe[Suspicious link removed]agine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

It's like robbing people with legal terms and those banks are milking us with their own rules. No doubts banks had the highest revenue and now they are all against this cryptocurrecy as they will lost their incentives if all people will use bitcoin as the mode of money transfer.

kerjakuat

full member

Activity: 346

Merit: 100

I can buy a new gpu with that money dude. Never taught bank fees can go that high. That was super insane. Your government must be to poor that why they need an super extra money by eating super large fees like that. At my country we has limitations for the fees when it involve a huge money transaction. Just imagine how muct the fee they can get from 1 million with that fees. Bank sure very super rich.

kimpack7461

newbie

Activity: 39

Merit: 0

If you are the low in USD, you can still earn more money in your country but if you lose $ 700 for the fee? Bank sucks your property. That would take some banking business, They would lose their income so they approached the govt banning crypto. Fees I do not care about $ 50 ok but then when they change your money to another currency, they give you a low value so that's where the loss is and that's the crime and it's steal

Zulema3382

newbie

Activity: 11

Merit: 0

I think we should not send bitcoin using such expensive services. The cost of transfer is very high. Because it's a leech. We can remit money for a small fee.

wheilcristinna

newbie

Activity: 50

Merit: 0

700$? Where do you live? In UK I didn't used banks to transfer money to EUR country. And fees not 700 for sure, like 50 GBP max.

HelenS

newbie

Activity: 70

Merit: 0

That's why we should support the decentralized bitcoin and stop creating its black reputation. Banks are doing nothing but stealing our money!

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

Quote from: globe-biz on March 26, 2018, 07:21:37 PM

This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!

I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??

These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!

This is why bitcoin will eventually make the bank outdated on the long run. How can the bank charge $700 over a single transaction. If such transactions had been made ij bitcoin, the highest amount of transaction fee you will be charged will still be below $25.
It's hightime bitcoin became the global currency it's meant to be.

Topic: JUST TRANSFERED 20K USD AND BANK CHARGED ME $700 !!!! (Read 1011 times)