I recently (just 7 weeks ago!) paid a cheque from an American world wide Insurance company into my French Bank Account in a vaguely hopeful attempt to have it cashed before next year!
7 weeks is a bit of a record, really speedy stuff, and considering that this cheque had already been taxed by American authorities under a vague title of "Foreign Tax" (no idea what that means) I had hoped that I may get to see the colour of $US in Euros without too much loss in charges.
Well - "hope lies in the eternal breast" - but not with the Banks or Insurances.
Here ya go.......
FRAIS DE PRESENTATION DE CHEQUE....... 97.69 euros.
FRAIS REMISE CHEQUE ETRANGER........-9,50
All that money for the so, so speedy service of 7 weeks.....On top of that, American Tax on something that had already been taxed, annually, as "income".......Just where does the legalised criminality stop?
To rub salt into the wound, I find on the advice site of a well known International company the following.....
"You will probably be charged a currency conversion fee by your bank or by the issuing bank. You may also be charged minimum transaction fees that are so high (US$35 or so) that it might not be worth your while to cash a small check.