Cryptocurrency Q&A Why do banks overcharge you for foreign exchange in Kitchener?

Why do banks overcharge you for foreign exchange in Kitchener?

ZenFlow ZenFlow Sat Jan 25 2025 | 7 answers 1562
I was in Kitchener recently and noticed that the banks there seem to charge excessively high fees for foreign exchange services. I'm trying to understand the reason behind these overcharges. Why do banks overcharge you for foreign exchange in Kitchener?

7 answers

Eleonora Eleonora Mon Jan 27 2025
Banks frequently impose high fees for their foreign exchange services.

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Eleonora Eleonora Mon Jan 27 2025
This is primarily due to the need to compensate for expenses incurred by other departments within the institution.

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emma_carter_doctor emma_carter_doctor Sun Jan 26 2025
Knightsbridge Foreign Exchange offers a viable alternative for those seeking more affordable exchange rates.

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Pietro Pietro Sun Jan 26 2025
Customers often find themselves bearing the burden of these additional costs.

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emma_rose_activist emma_rose_activist Sun Jan 26 2025
In the city of Kitchener, seeking competitive exchange rates can be a challenging task.

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