Dostoevsky

Hi,

I work in France right now and I get paid in Euros. I have a checking account with Credit Lyonnais, a pretty good sized bank here.

Here is my problem. I want to transfer money from my French account to my account in America but the French bank will not give me the spot rate on the transfer.

For example: The spot rate today was $1.34/Euro. But instead of transfering $1.34 for every euro, the bank will only send $1.24/Euro and keep the remainder as profit.

I'm talking about transfering thousands of Euros here, so it's a big deal for me. I'll lose hundreds of dollars on the deal if I can't figure out a better way to get my euros back to America in dollar form.

So does anyone have any ideas on how I can do this? Are there any banks in America where I can open a savings account and deposit Euros at the spot rate? I would basically wait until after my contract here is up, completely withdraw my savings, and physically bring it back to America where I would deposit it.

Help me please! I'm pissed about this crap right now.

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Pride is the recognition of the fact that you are your own highest value and, like all of man’s values, it has to be earned.


It is not advisable, James, to venture unsolicited opinions. You should spare yourself the embarrassing discovery of their exact value to your listener.

Ayn Rand, Atlas Shrugged