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Old 10-04-2007, 06:30 PM   #1
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Default I got hosed!!!



I just gave a bank $500 CDN.

I got $474 US in return.

How the #%^&% does that make any sense? I must not be understanding something.

This is from their website:

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Old 10-04-2007, 06:32 PM   #2
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$1 CDN is worth less than $1 USD
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Old 10-04-2007, 06:35 PM   #3
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Hmm, Yahoo tells me $500 CAD should be worth $501.45 USD currently.
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Old 10-04-2007, 06:36 PM   #4
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According to the exchange rate of 1.003, 500.00 CAD = 501.682 USD.
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Old 10-04-2007, 06:36 PM   #5
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You got hosed. Got a receipt?
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Old 10-04-2007, 06:37 PM   #6
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Someone converted the wrong way?
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Old 10-04-2007, 06:37 PM   #7
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service fee?
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Old 10-04-2007, 06:38 PM   #8
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When the lady told me what I was getting back, all she said was "the rate is .94"

That'* a lot different than what I know to be the rate.

No fee.
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Old 10-04-2007, 06:38 PM   #9
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Quote:
Originally Posted by toastedoats
service fee?
thats what im thinkin

it is exactly $25 dollars less than it should be...5% service fee?
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Old 10-04-2007, 06:40 PM   #10
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If you look at the bottom chart, it looks like they converted the wrong way IMO. Instead of CDN to US, they did US to CDN, which gave me $47x.00.

Me and my supervisor here at work are confused by how this works now.

If 1.00 USD = 0.996398 CAD, then I USD will always be a higher number.

I'm pissed I didn't protest like this when I was at the bank. I don't have a receipt of this exchange, but they know me. I'm going back tomorrow.
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