$20 fee to lodge bank draft, is there a cheaper way?
Am living in Adelaide and have a bank acct with Westpac, my relations recently sent me a bank draft, but they bank say if I want to lodge it to my acct there is a $20 fee for lodging it. Does anyone know of a cheaper way to change the bank draft?
sorry cant help with the bank draft thing , but the best way we have found is to keep a uk bank account open ...nationwide and then you can draw out any money rellies have paid in for free. We also had to pay westpac for the same thing ......bit of a rip off
Will second the natonwide get the money for free from oz cash machines
Originally Posted by graandjac
That means they charge the same to cash a bankers draft and a personal cheque. Thats a bit of a rip off as a draft is supposed to be bounce proof.
We dont mind paying the $20 to clear personal cheques as thats how our families send money for the kids. I would have prefered a free way like the Nationwide but we didn't know anything about that sort of thing ( or expat forums :noxmas:) before we left.