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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

12.0. "Arrangements for international xfer of funds?" by ATLAST::FRAZER (What?!) Mon Feb 23 1987 14:32

Is there a financial institution associated with DCU in other countries.
I'm specifically interested if the DCU could be used as a way to transfer
funds on an extended stay at REO (Reading, England). My bank will
send me a draft drawn on Barclay's which cost's $6~ if mailed, or $20~
for wired money.

Does anyone know if DCU has such an arrangement, and what the costs might be?

John Frazer

T.R	Title	User	Personal Name	Date	Lines
12.1		COVERT::COVERT	John R. Covert	`Mon Feb 23 1987 15:23`	10
	That $6 for a check drawn on Barclays is the best deal you're likely to get; most banks in New England are charging about $20 for the same service. There is an entire conference for discussing Foreign Exchange issues:: ERLANG::FOREIGN_EXCHANGE KP/7 or SELECT. /john
12.2	How about the Post Office?	ULTRA::KINDEL	Bill Kindel	`Tue Feb 24 1987 10:36`	6
	Oddly enough, one of the best deals for transferring funds between currencies is an International Postal Money Order. The service charge is minimal ($1-2), the exchange rate is "locked in" at an agreed-upon rate which changes infrequently (good news at the moment), and the instrument should be good just about anywhere. Major Post Offices sell them over the counter.
12.3	A little different situation..	MIGHTY::WILLIAMS	Bryan Williams	`Tue Feb 24 1987 17:21`	7
	This is a little different, but about a year ago, I bought an expensive musical instrument from a company in France. DCU wired the money directly into the company's account, and it went perfectly. I think it cost me ~$10 (?). It wasn't expensive in any case. Bryan
12.4	Use The DCU Debit Card - Frequently If Needed	MRKTNG::VICKERS		`Mon Aug 21 1995 11:26`	8
	Depending on the length of your stay, the best deal may in fact be a debit card transaction at an ATM. I used this method recently - a 7 month stay in Singapore - and the exchange rate I got when withdrawing local currency was better than I could get in banks for cash or traveler's checks - good enough to cover the ATM transactions that weren't free.