Ironic
The other day I got a cheque from Yahoo for $5 USD, as they’re closing some service that I apparently had money in, eons ago. Well, I’m in Canada, and have use the ‘student’ banking plan. So to cash a foreign cheque costs $5 CAD.
With the exchange rate… $5 CAD > $5 USD. To cash this, will COST me more money than its worth… Ironic.
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What bank are you with? Just ask them to waive the fee. I’ve done similar things a couple of times, including getting the tellers to waive the fees to purchase money orders and certified cheques. If you’re nice about it, they have a lot of leeway to waive any sort of bank fee for you. You just have to ask.
I one time got a cheque from the government for $2.60. The amount of money they spent to send it (including staff, postage, ink, paper, envelope, etc) probably cost them double that. Not to mention my tme to cash it! Gas, bank fees, etc.
I’m with Bank of Montreal. But its cause I’m on the student plan (which I love, as I don’t pay anything monthly)… Oh well!