Monday, November 12, 2007

Bank robs my hard earned money.

I noticed something during my frequent visit to the Public Bank. Their staffs wears a few tags, one tag says 'We deserve a 30%' and another tag have these words on it 'Bank Rob Our Bonus!'. It's quite funny to have these tags on them.

Today after i go through my debit card transaction using the ebanking, I feel like wearing a tag too, a tag which says 'Bank robs my hard earned money!'. Why?

There are two transactions, one debit, one credit. Debit is the one paypal charged me for verifying my debit card. Paypal charged me USD 1.95 and when converted to RM, it's RM 6.56, which used a conversion rate of 3.3+. Then the other transaction, which is the one i transfered from paypal to my account, and the conversion rate used is 3.27+. See when they charged me they used a higher rate, when they give me money they used a lower rate!!

~sigh, no wonder everyone says we actually worked for the bank...

2 comments:

jam said...

Because the buying and selling rates differ. This is how banks make money.

kljs said...

the banks will sell foreign money high, and buy them low..... it's all about making profit for banks.......

http://kennyljs.com/