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Found out my bank charges $35 for a wire transfer and $0 for the same thing if I call it something else
I was moving $800 to my brother for a used truck and the teller told me a regular wire is $35 but a "bank check" mailed to him costs nothing. Took 3 days instead of same day but I saved $35 and learned banks basically charge you for speed. Anyone else find weird loopholes like this or is my bank just making up rules as it goes?
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piper_kim28d ago
Ran into the same thing last year when I sold my old motorcycle. My credit union wanted $25 to send the money same day, but the lady at the counter said if I just did a normal transfer to his account it was free and would land in two business days. The guy lived three hours away so the wait was nothing, and I kept my $25. Banks are 100% charging you for speed and nothing else.
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