GA Russell Posted August 20, 2012 Author Report Share Posted August 20, 2012 Jetman, I think that the bank's fee was included in the figure I quoted. Quote Link to comment Share on other sites More sharing options...
JETman Posted August 20, 2012 Report Share Posted August 20, 2012 Jetman, I think that the bank's fee was included in the figure I quoted. Unless you added it yourself, you won't see it until you get your statement/bill. No online retailer (including Amazon) adds it for you. Quote Link to comment Share on other sites More sharing options...
GA Russell Posted August 20, 2012 Author Report Share Posted August 20, 2012 Well, I didn't know the dollar amount until the bank posted it to my account online. I guess it's possible that the bank will later post a second figure for the conversion fee. I'll let you know if it does. My primary interest is in determining if my bank's fee is less than Amazon's. Quote Link to comment Share on other sites More sharing options...
JETman Posted August 20, 2012 Report Share Posted August 20, 2012 Well, I didn't know the dollar amount until the bank posted it to my account online. I guess it's possible that the bank will later post a second figure for the conversion fee. I'll let you know if it does. My primary interest is in determining if my bank's fee is less than Amazon's. Do the math. Using the figures you posted, it's not. Quote Link to comment Share on other sites More sharing options...
GA Russell Posted August 21, 2012 Author Report Share Posted August 21, 2012 (edited) The total came to 81.05 GBP, including 9 GBP shipping. Amazon wanted me to use their converter, which pegged the pound at $1.63. Instead, I chose to have my bank pay in pounds, and the bank charged me pegging the pound at $1.57. So that decision saved me $4.86. Well, I didn't know the dollar amount until the bank posted it to my account online. I guess it's possible that the bank will later post a second figure for the conversion fee. I'll let you know if it does. My primary interest is in determining if my bank's fee is less than Amazon's. Do the math. Using the figures you posted, it's not. I can now give a definitive answer to this question. As stated above, allowing Amazon UK to convert from pounds to dollars would have cost me $4.86. I have been billed by my bank $2.55 for allowing it to convert. Therefore, I saved $2.31 by allowing my bank to convert the currency. The bank charged me 2% of the purchase price. Edited August 21, 2012 by GA Russell Quote Link to comment Share on other sites More sharing options...
JETman Posted August 21, 2012 Report Share Posted August 21, 2012 The total came to 81.05 GBP, including 9 GBP shipping. Amazon wanted me to use their converter, which pegged the pound at $1.63. Instead, I chose to have my bank pay in pounds, and the bank charged me pegging the pound at $1.57. So that decision saved me $4.86. Well, I didn't know the dollar amount until the bank posted it to my account online. I guess it's possible that the bank will later post a second figure for the conversion fee. I'll let you know if it does. My primary interest is in determining if my bank's fee is less than Amazon's. Do the math. Using the figures you posted, it's not. I can now give a definitive answer to this question. As stated above, allowing Amazon UK to convert from pounds to dollars would have cost me $4.86. I have been billed by my bank $2.55 for allowing it to convert. Therefore, I saved $2.31 by allowing my bank to convert the currency. The bank charged me 2% of the purchase price. Good for you; just made it by the skin of your teeth. Might have been different had you used AMEX. And before you say that AMEX is not a bank, I'd say that you should rethink your answer! Quote Link to comment Share on other sites More sharing options...
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