EXCHANGE SERVICE
(To the Editor.)
Sir, —I had occasion recently to remit the sum of £20 to Australia, and applied at the Post Office for a money order for that amount. I was informed that while no exchange was payable the Post Office charges were 4s. Knowing that exchange between here and Australia was in our favour I made similar inquiries through one of the trading banks and was informed that, so far from there being any charges for remitting the money, the bank would allow me Is lOd. This represents a saving of 5s lOd on the remitting of a small amount of £20. Mr. Savage has stated that the trading banks are not giving proper service to the public. If my experience is an example of what Mr. Savage considers satisfactory service on the part of the Post Office can he wonder why so many people dare to differ from him? — I am, etc., JUNIUS. [In reply to this letter "The Post" was officially informed: —"The commission charged by the Post Office upon money-orders represents the cost of the service given in issuing and paying money-orders and also the subsequent accounting with the paying administrations. In transactions between two administrations it is not usual to take account of small fluctuations in rates o'f exchange.]
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Bibliographic details
Evening Post, Volume CXXV, Issue 145, 22 June 1938, Page 10
Word Count
216EXCHANGE SERVICE Evening Post, Volume CXXV, Issue 145, 22 June 1938, Page 10
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