I lodged a cheque to my PTSB account today for £801 stg. The lady gave me the rate as 0.8786 which equated to €911.93, which was fine.
However, I noticed on the FX daily rate chart on the wall, the different rates between the "We Buy Cash" and "We Buy Cheque" sections.
The rate I was given was the "Cash" rate (0.8786), but should it have been the "Cheque" rate I was given which was 0.786 and equates to €1,019.36.
Is this correct or have I got this completely wrong? Or have my bank screwed me out of over €100?
Cheers for any advice...
However, I noticed on the FX daily rate chart on the wall, the different rates between the "We Buy Cash" and "We Buy Cheque" sections.
The rate I was given was the "Cash" rate (0.8786), but should it have been the "Cheque" rate I was given which was 0.786 and equates to €1,019.36.
Is this correct or have I got this completely wrong? Or have my bank screwed me out of over €100?
Cheers for any advice...