Thursday, August 20, 2009

High Bank Charges

I have to make a remittance of USD 2,000 to a factory in Shenzhen. A check with several banks showed the bank charge to be SGD 40 or more. I find it to be quite high. The actual cost to the bank of making this remittance should be small. They are over-charging customers to make a big profit. What happen to competition in bringing down cost?
Diposkan oleh di 6:39 PM
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