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BER Rate Checks

Here at BER we are very keen on promoting Exchange Rate Margin and Fee transparency. Where possible we publish the publicly available bank and fx vendor exchange rates advertised on their publicly accessible websites and any incorrect rates would affect the vendor’s positions in the BER comparison table.

Some customers have been reporting that the exchange rates for International Money Transfers published by their Financial Institutions on their websites are better than those available to their customers via Internet Banking.

So we have started periodic Exchange Rate Accuracy checks which we will publish here.

BER Rate Check – ANZ Bank Checking ANZ Internet Banking IMT fx rates advertised at anz.com) on 28/04/2015 and 4/5/2015 (AUD exchange rates).

We will contact the bank or broker to discover the reason for any inconsistencies and post the responses (if any) along with the results.

Please report any incorrect Bank and FX Vendor Exchange Rates, Margins & Fees as a comment to this post along with the rate available to you via internet banking and we will publish them here.

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Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.
 
 

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