500 Euro note
Nov 24th 2006, 1:00 am
#76
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 14:43:15 +0100, B Vaughan<[email protected]> wrote:
>On Thu, 23 Nov 2006 17:40:00 +0100, Giovanni Drogo
><[email protected]> wrote:
>>On Thu, 23 Nov 2006, B Vaughan wrote:
>>> I bought something today that cost 10.62. I was asked if I had the
>>> 0.62, and I said I didn't. Then I was asked if I at least had the .02.
>>Strange they did not ask if you had 0.12.
>I think we had already established that I didn't when I pulled out the
>change.
>>It is a reflex for me, if I do not have the exact amount, to give some
>>coins so that the change is somehow round.
>In the US, the cashier usually has your change (at least the coins)
>ready before you look in your purse, and may even be annoyed if you
>slow things down by counting your coins.
In UK they use a pocket calculator and still get it wrong.
In the 1960s I watched a bank clerk in a London branch of Barclays use
logarithm tables to do an foreign currency conversion when the amount
was a nice round figure that I could convert in my head.
--
Martin
>On Thu, 23 Nov 2006 17:40:00 +0100, Giovanni Drogo
><[email protected]> wrote:
>>On Thu, 23 Nov 2006, B Vaughan wrote:
>>> I bought something today that cost 10.62. I was asked if I had the
>>> 0.62, and I said I didn't. Then I was asked if I at least had the .02.
>>Strange they did not ask if you had 0.12.
>I think we had already established that I didn't when I pulled out the
>change.
>>It is a reflex for me, if I do not have the exact amount, to give some
>>coins so that the change is somehow round.
>In the US, the cashier usually has your change (at least the coins)
>ready before you look in your purse, and may even be annoyed if you
>slow things down by counting your coins.
In UK they use a pocket calculator and still get it wrong.
In the 1960s I watched a bank clerk in a London branch of Barclays use
logarithm tables to do an foreign currency conversion when the amount
was a nice round figure that I could convert in my head.
--
Martin
Nov 24th 2006, 1:01 am
#77
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 14:43:15 +0100, B Vaughan<[email protected]> wrote:
>Today I saw a woman paying for something in a small grocery shop with
>a 500 euro note. The grocer didn't have enough change, but she was
>happy to take 100-some euros now and a promise of 300 more tomorrow.
>Of course, in this town, the grocer and the customer generally know
>each other pretty well.
They are married to each other? :-)
--
Martin
>Today I saw a woman paying for something in a small grocery shop with
>a 500 euro note. The grocer didn't have enough change, but she was
>happy to take 100-some euros now and a promise of 300 more tomorrow.
>Of course, in this town, the grocer and the customer generally know
>each other pretty well.
They are married to each other? :-)
--
Martin
Nov 24th 2006, 2:22 am
#78
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006, B Vaughan wrote:
> >> firm. Maybe it's because my husband's accountant
> Commercialista.
>
> >Ask him about "F24 telematico" ... or just have a look on newsgroup
> >it.economia.fisco. There is a lot of chatting going on these days of
>
> Our commercialista hasn't much dipped his toes in cyberspace yet. Even
I am afraid he will be soon be obliged to do so. According to talks on
i.e.f. (which is mainly a NG of commercialisti) apparently with the new
Finanziaria or the associated decrees all tax payments will have to be
arranged on the net. F24 forms would be submitted only having a direct
connection with the site of the Agenzia delle Entrate or via a bank. I
have not understood yet whether this applies only to professionals or
also to employees.
As an employee, most of my taxes are paid by my employer, I just fill
the 730 form in June and get the rebate for my expenses in August. The
only thing I had to pay in person is ICI (for foreigners, a local tax on
houses) ... in the past in Milan one had either to pay it at the
Esattoria, or at the post or bank with a fee, a queue in any case ...
since a couple of years it was possible to use F24 (which is free even
when presented in paper at a bank), and since I could use internet
banking to pay F24 I do not have to queue up any more.
Now I hear with the new Finanziaria (do not know whether already in 2007
or only in 2008) ICI would go on the 730 allowing real time compensation
with other rebates, or deduction from salary or pension, which is really
nice.
> In the US, anyone who deposits money in an interest-bearing account
> In Italy, if you deposit money in an account, unless it is more than a
> modest amount, you will find your savings eaten away by fixed costs,
This was not the case 20 years ago in Italy (nor in the UK) while it was
already like that in Germany.
> Even buying a government bond entails costs which exceed the interest
> paid.
Sorry, I do not agree. In due time, my father increased quite a lot his
savings starting from his "liquidazione" (a lump sum paid by the
employer when one retires, formally is "deferred salary") and the same
applies to me starting from the savings I made when I was employed by
ESA. You may say that nowadays government bonds and most corporate
bonds denominated in euro hardly exceed the inflation rate, but not that
the interests are below the commissions. Even if you buy at the wrong
time and have to anticipate some part of the interests, at the next
"cedola" you'd recover that.
--
----------------------------------------------------------------------
[email protected] is a newsreading account used by more persons to
avoid unwanted spam. Any mail returning to this address will be rejected.
Users can disclose their e-mail address in the article if they wish so.
> >> firm. Maybe it's because my husband's accountant
> Commercialista.
>
> >Ask him about "F24 telematico" ... or just have a look on newsgroup
> >it.economia.fisco. There is a lot of chatting going on these days of
>
> Our commercialista hasn't much dipped his toes in cyberspace yet. Even
I am afraid he will be soon be obliged to do so. According to talks on
i.e.f. (which is mainly a NG of commercialisti) apparently with the new
Finanziaria or the associated decrees all tax payments will have to be
arranged on the net. F24 forms would be submitted only having a direct
connection with the site of the Agenzia delle Entrate or via a bank. I
have not understood yet whether this applies only to professionals or
also to employees.
As an employee, most of my taxes are paid by my employer, I just fill
the 730 form in June and get the rebate for my expenses in August. The
only thing I had to pay in person is ICI (for foreigners, a local tax on
houses) ... in the past in Milan one had either to pay it at the
Esattoria, or at the post or bank with a fee, a queue in any case ...
since a couple of years it was possible to use F24 (which is free even
when presented in paper at a bank), and since I could use internet
banking to pay F24 I do not have to queue up any more.
Now I hear with the new Finanziaria (do not know whether already in 2007
or only in 2008) ICI would go on the 730 allowing real time compensation
with other rebates, or deduction from salary or pension, which is really
nice.
> In the US, anyone who deposits money in an interest-bearing account
> In Italy, if you deposit money in an account, unless it is more than a
> modest amount, you will find your savings eaten away by fixed costs,
This was not the case 20 years ago in Italy (nor in the UK) while it was
already like that in Germany.
> Even buying a government bond entails costs which exceed the interest
> paid.
Sorry, I do not agree. In due time, my father increased quite a lot his
savings starting from his "liquidazione" (a lump sum paid by the
employer when one retires, formally is "deferred salary") and the same
applies to me starting from the savings I made when I was employed by
ESA. You may say that nowadays government bonds and most corporate
bonds denominated in euro hardly exceed the inflation rate, but not that
the interests are below the commissions. Even if you buy at the wrong
time and have to anticipate some part of the interests, at the next
"cedola" you'd recover that.
--
----------------------------------------------------------------------
[email protected] is a newsreading account used by more persons to
avoid unwanted spam. Any mail returning to this address will be rejected.
Users can disclose their e-mail address in the article if they wish so.
Nov 24th 2006, 2:31 am
#79
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006, B Vaughan wrote:
> with the transactions using the school's computer. The main problem,
> however, was that almost no one in the class had a credit card or
> even a debit card.
Should be a local thing ... almost everybody I know has at least a
Bancomat card (well my mother hasn't, we share the account, she had a
secondary one but surrendered it) which should be by default enabled as
Pagobancomat. I guess maybe that is not supported for online payments.
A friend of mine, disabled on a wheelchair, so not a traveller nor a big
spender, since a couple of years makes one trip abroad per year, and
just for that got one of those re-chargeable cards (Intesa Flash, which
should be a VISA Electron).
--
----------------------------------------------------------------------
[email protected] is a newsreading account used by more persons to
avoid unwanted spam. Any mail returning to this address will be rejected.
Users can disclose their e-mail address in the article if they wish so.
> with the transactions using the school's computer. The main problem,
> however, was that almost no one in the class had a credit card or
> even a debit card.
Should be a local thing ... almost everybody I know has at least a
Bancomat card (well my mother hasn't, we share the account, she had a
secondary one but surrendered it) which should be by default enabled as
Pagobancomat. I guess maybe that is not supported for online payments.
A friend of mine, disabled on a wheelchair, so not a traveller nor a big
spender, since a couple of years makes one trip abroad per year, and
just for that got one of those re-chargeable cards (Intesa Flash, which
should be a VISA Electron).
--
----------------------------------------------------------------------
[email protected] is a newsreading account used by more persons to
avoid unwanted spam. Any mail returning to this address will be rejected.
Users can disclose their e-mail address in the article if they wish so.
Nov 24th 2006, 2:44 am
#80
Guest
Posts: n/a
Re: 500 Euro note
[email protected] (David Horne, _the_ chancellor of
the royal duchy of city south and deansgate) wrote in
news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
> A very reasonable fee for an online bank account is to pay nothing.
They
> have your money already- that's what they make money on. Any other
> charges are just to rip you off.
Hi David,
on principle this is correct, actually until 2005 I paid nothing, except
for the fact that - being in Italy, I don't know how it is elsewhere -
there are obviously taxes on the account (about 35 euro/y fixed + 27% on
interests which will be now reduced to 20%). Free ATM withdrawal, free
CC and such (which is pretty normal abroad but not necessarily here).
For the account per se, I pay somewhere between 40 to 60 euro/y which is
obscene if seen from abroad but half, or even less, the cost of a normal
bank account here...
Another account where I put some of my savings (it is orange) is free
(minus taxes on interests, the bank pays for the fixed part), but not a
"real" bank here, ie no ATM or CC.
Periodically there are clever reportages on TV or on newspapers comparing
bank costs in Italy and abroad. People get upset for a while, then
everything goes back to normal.
--
QQG
Haikus are easy.
But sometimes they don't make sense.
Refrigerator.
the royal duchy of city south and deansgate) wrote in
news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
> A very reasonable fee for an online bank account is to pay nothing.
They
> have your money already- that's what they make money on. Any other
> charges are just to rip you off.
Hi David,
on principle this is correct, actually until 2005 I paid nothing, except
for the fact that - being in Italy, I don't know how it is elsewhere -
there are obviously taxes on the account (about 35 euro/y fixed + 27% on
interests which will be now reduced to 20%). Free ATM withdrawal, free
CC and such (which is pretty normal abroad but not necessarily here).
For the account per se, I pay somewhere between 40 to 60 euro/y which is
obscene if seen from abroad but half, or even less, the cost of a normal
bank account here...
Another account where I put some of my savings (it is orange) is free
(minus taxes on interests, the bank pays for the fixed part), but not a
"real" bank here, ie no ATM or CC.
Periodically there are clever reportages on TV or on newspapers comparing
bank costs in Italy and abroad. People get upset for a while, then
everything goes back to normal.
--
QQG
Haikus are easy.
But sometimes they don't make sense.
Refrigerator.
Nov 24th 2006, 2:44 am
#81
Guest
Posts: n/a
Re: 500 Euro note
[email protected] (David Horne, _the_ chancellor of
the royal duchy of city south and deansgate) wrote in
news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
> A very reasonable fee for an online bank account is to pay nothing.
> They have your money already- that's what they make money on. Any
> other charges are just to rip you off.
Hi David,
on principle this is correct, actually until 2005 I paid nothing, except
for the fact that - being in Italy, I don't know how it is elsewhere -
there are obviously taxes on the account (about 35 euro/y fixed + 27% on
interests which will be now reduced to 20%). Free ATM withdrawal, free
CC and such (which is pretty normal abroad but not necessarily here).
For the account per se, I pay somewhere between 40 to 60 euro/y which is
obscene if seen from abroad but half, or even less, the cost of a normal
bank account here...
Another account where I put some of my savings (it is orange) is free
(minus taxes on interests, the bank pays for the fixed part), but not a
"real" bank here, ie no ATM or CC.
Periodically there are clever reportages on TV or on newspapers
comparing bank costs in Italy and abroad. People get upset for a while,
then everything goes back to normal.
--
QQG
Haikus are easy.
But sometimes they don't make sense.
Refrigerator.
the royal duchy of city south and deansgate) wrote in
news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
> A very reasonable fee for an online bank account is to pay nothing.
> They have your money already- that's what they make money on. Any
> other charges are just to rip you off.
Hi David,
on principle this is correct, actually until 2005 I paid nothing, except
for the fact that - being in Italy, I don't know how it is elsewhere -
there are obviously taxes on the account (about 35 euro/y fixed + 27% on
interests which will be now reduced to 20%). Free ATM withdrawal, free
CC and such (which is pretty normal abroad but not necessarily here).
For the account per se, I pay somewhere between 40 to 60 euro/y which is
obscene if seen from abroad but half, or even less, the cost of a normal
bank account here...
Another account where I put some of my savings (it is orange) is free
(minus taxes on interests, the bank pays for the fixed part), but not a
"real" bank here, ie no ATM or CC.
Periodically there are clever reportages on TV or on newspapers
comparing bank costs in Italy and abroad. People get upset for a while,
then everything goes back to normal.
--
QQG
Haikus are easy.
But sometimes they don't make sense.
Refrigerator.
Nov 24th 2006, 2:58 am
#82
Guest
Posts: n/a
Re: 500 Euro note
"Mimi" <[email protected]> wrote in news:KYudnaBGCK-9K_jYnZ2dnUVZ_s-
[email protected]:
> That's interesting, Giovanni. I had understood that Italians rarely used
> credit cards. Are you unusual or is this a country-city thing?
> And are cheques common?
I pay mostly anything with CC or POS, I use ATM withdrawals for small
expenses and cheques once a year or less... phone/gas/electricity companies
turn their bills to the bank account and almost any supermarket does the
same.
--
QQG
Haikus are easy.
But sometimes they don't make sense.
Refrigerator.
[email protected]:
> That's interesting, Giovanni. I had understood that Italians rarely used
> credit cards. Are you unusual or is this a country-city thing?
> And are cheques common?
I pay mostly anything with CC or POS, I use ATM withdrawals for small
expenses and cheques once a year or less... phone/gas/electricity companies
turn their bills to the bank account and almost any supermarket does the
same.
--
QQG
Haikus are easy.
But sometimes they don't make sense.
Refrigerator.
Nov 24th 2006, 4:48 am
#83
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 15:44:50 +0000 (UTC), quiqueg <[email protected]>
wrote:
>[email protected] (David Horne, _the_ chancellor of
>the royal duchy of city south and deansgate) wrote in
>news:1hpapql.k220ob16b31kfN%this_address_is_for_s [email protected]:
>> A very reasonable fee for an online bank account is to pay nothing.
>They
>> have your money already- that's what they make money on. Any other
>> charges are just to rip you off.
>Hi David,
>on principle this is correct, actually until 2005 I paid nothing, except
>for the fact that - being in Italy, I don't know how it is elsewhere -
>there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>interests which will be now reduced to 20%). Free ATM withdrawal, free
>CC and such (which is pretty normal abroad but not necessarily here).
>For the account per se, I pay somewhere between 40 to 60 euro/y which is
>obscene if seen from abroad but half, or even less, the cost of a normal
>bank account here...
Sure sounds expensive. I pay less than 20 euro/year for my account.
Unlimited ATM use, internet banking, debt card, a credit card, no
extra charges for sending or receiving payments withing the eurozone.
Mika
>Another account where I put some of my savings (it is orange) is free
>(minus taxes on interests, the bank pays for the fixed part), but not a
>"real" bank here, ie no ATM or CC.
>Periodically there are clever reportages on TV or on newspapers comparing
>bank costs in Italy and abroad. People get upset for a while, then
>everything goes back to normal.
--
----------------------------------------------------
Haluatko l�hett�� postia? Vaihda osoitteen
eka (vai oliko se toka?) numero vitonen numeroksi
kahdeksan...
----------------------------------------------------
wrote:
>[email protected] (David Horne, _the_ chancellor of
>the royal duchy of city south and deansgate) wrote in
>news:1hpapql.k220ob16b31kfN%this_address_is_for_s [email protected]:
>> A very reasonable fee for an online bank account is to pay nothing.
>They
>> have your money already- that's what they make money on. Any other
>> charges are just to rip you off.
>Hi David,
>on principle this is correct, actually until 2005 I paid nothing, except
>for the fact that - being in Italy, I don't know how it is elsewhere -
>there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>interests which will be now reduced to 20%). Free ATM withdrawal, free
>CC and such (which is pretty normal abroad but not necessarily here).
>For the account per se, I pay somewhere between 40 to 60 euro/y which is
>obscene if seen from abroad but half, or even less, the cost of a normal
>bank account here...
Sure sounds expensive. I pay less than 20 euro/year for my account.
Unlimited ATM use, internet banking, debt card, a credit card, no
extra charges for sending or receiving payments withing the eurozone.
Mika
>Another account where I put some of my savings (it is orange) is free
>(minus taxes on interests, the bank pays for the fixed part), but not a
>"real" bank here, ie no ATM or CC.
>Periodically there are clever reportages on TV or on newspapers comparing
>bank costs in Italy and abroad. People get upset for a while, then
>everything goes back to normal.
--
----------------------------------------------------
Haluatko l�hett�� postia? Vaihda osoitteen
eka (vai oliko se toka?) numero vitonen numeroksi
kahdeksan...
----------------------------------------------------
Nov 24th 2006, 6:50 am
#84
Guest
Posts: n/a
Re: 500 Euro note
quiqueg <[email protected]> wrote:
> [email protected] (David Horne, _the_ chancellor of
> the royal duchy of city south and deansgate) wrote in
> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>
> > A very reasonable fee for an online bank account is to pay nothing.
> They
> > have your money already- that's what they make money on. Any other
> > charges are just to rip you off.
>
> Hi David,
> on principle this is correct, actually until 2005 I paid nothing, except
> for the fact that - being in Italy, I don't know how it is elsewhere -
> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
> interests which will be now reduced to 20%). Free ATM withdrawal, free
> CC and such (which is pretty normal abroad but not necessarily here).
>
> For the account per se, I pay somewhere between 40 to 60 euro/y which is
> obscene if seen from abroad but half, or even less, the cost of a normal
> bank account here...
It is obscene, but maybe your bank doesn't charge as much as mine to
receive money from abroad? Euro transactions are meant to be free within
euro countries IIRC.
[]
> Periodically there are clever reportages on TV or on newspapers comparing
> bank costs in Italy and abroad. People get upset for a while, then
> everything goes back to normal.
We have them here too- 'rip-off Britain' and the like. I remember one
recently showing how the same kind of car would be cheaper in certain EU
countries. My heart bled! :)
--
David Horne- http://www.davidhorne.net
usenet (at) davidhorne (dot) co (dot) uk
http://www.davidhorne.net/pictures.html http://soundjunction.org
> [email protected] (David Horne, _the_ chancellor of
> the royal duchy of city south and deansgate) wrote in
> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>
> > A very reasonable fee for an online bank account is to pay nothing.
> They
> > have your money already- that's what they make money on. Any other
> > charges are just to rip you off.
>
> Hi David,
> on principle this is correct, actually until 2005 I paid nothing, except
> for the fact that - being in Italy, I don't know how it is elsewhere -
> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
> interests which will be now reduced to 20%). Free ATM withdrawal, free
> CC and such (which is pretty normal abroad but not necessarily here).
>
> For the account per se, I pay somewhere between 40 to 60 euro/y which is
> obscene if seen from abroad but half, or even less, the cost of a normal
> bank account here...
It is obscene, but maybe your bank doesn't charge as much as mine to
receive money from abroad? Euro transactions are meant to be free within
euro countries IIRC.
[]
> Periodically there are clever reportages on TV or on newspapers comparing
> bank costs in Italy and abroad. People get upset for a while, then
> everything goes back to normal.
We have them here too- 'rip-off Britain' and the like. I remember one
recently showing how the same kind of car would be cheaper in certain EU
countries. My heart bled! :)
--
David Horne- http://www.davidhorne.net
usenet (at) davidhorne (dot) co (dot) uk
http://www.davidhorne.net/pictures.html http://soundjunction.org
Nov 24th 2006, 6:54 am
#85
Guest
Posts: n/a
Re: 500 Euro note
"David Horne, _the_ chancellor of the royal duchy of city south and
deansgate" <[email protected]> wrote in message
news:1hpbnqg.g2uwgmpxb58oN%this_address_is_for_spa [email protected]...
> quiqueg <[email protected]> wrote:
>> [email protected] (David Horne, _the_ chancellor of
>> the royal duchy of city south and deansgate) wrote in
>> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>> > A very reasonable fee for an online bank account is to pay nothing.
>> They
>> > have your money already- that's what they make money on. Any other
>> > charges are just to rip you off.
>> Hi David,
>> on principle this is correct, actually until 2005 I paid nothing, except
>> for the fact that - being in Italy, I don't know how it is elsewhere -
>> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>> interests which will be now reduced to 20%). Free ATM withdrawal, free
>> CC and such (which is pretty normal abroad but not necessarily here).
>> For the account per se, I pay somewhere between 40 to 60 euro/y which is
>> obscene if seen from abroad but half, or even less, the cost of a normal
>> bank account here...
> It is obscene, but maybe your bank doesn't charge as much as mine to
> receive money from abroad? Euro transactions are meant to be free within
> euro countries IIRC.
No
The bank has to charge the same fee for an international
transaction, that it would for a local one.
Some banks get around this by making a charge for
transfers from anything except their own branches.
tim
deansgate" <[email protected]> wrote in message
news:1hpbnqg.g2uwgmpxb58oN%this_address_is_for_spa [email protected]...
> quiqueg <[email protected]> wrote:
>> [email protected] (David Horne, _the_ chancellor of
>> the royal duchy of city south and deansgate) wrote in
>> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>> > A very reasonable fee for an online bank account is to pay nothing.
>> They
>> > have your money already- that's what they make money on. Any other
>> > charges are just to rip you off.
>> Hi David,
>> on principle this is correct, actually until 2005 I paid nothing, except
>> for the fact that - being in Italy, I don't know how it is elsewhere -
>> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>> interests which will be now reduced to 20%). Free ATM withdrawal, free
>> CC and such (which is pretty normal abroad but not necessarily here).
>> For the account per se, I pay somewhere between 40 to 60 euro/y which is
>> obscene if seen from abroad but half, or even less, the cost of a normal
>> bank account here...
> It is obscene, but maybe your bank doesn't charge as much as mine to
> receive money from abroad? Euro transactions are meant to be free within
> euro countries IIRC.
No
The bank has to charge the same fee for an international
transaction, that it would for a local one.
Some banks get around this by making a charge for
transfers from anything except their own branches.
tim
Nov 24th 2006, 8:07 am
#86
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 15:00:58 +0100, Martin <[email protected]> wrote:
>In the 1960s I watched a bank clerk in a London branch of Barclays use
>logarithm tables to do an foreign currency conversion when the amount
>was a nice round figure that I could convert in my head.
I marvelled today to see my husband's secretary use a calculator to
compute 2% of 60 euros.
--
Barbara Vaughan
My email address is my first initial followed by my surname at libero dot it
I answer travel questions only in the newsgroup
>In the 1960s I watched a bank clerk in a London branch of Barclays use
>logarithm tables to do an foreign currency conversion when the amount
>was a nice round figure that I could convert in my head.
I marvelled today to see my husband's secretary use a calculator to
compute 2% of 60 euros.
--
Barbara Vaughan
My email address is my first initial followed by my surname at libero dot it
I answer travel questions only in the newsgroup
Nov 24th 2006, 8:07 am
#87
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 16:31:28 +0100, Giovanni Drogo
<[email protected]> wrote:
>On Fri, 24 Nov 2006, B Vaughan wrote:
>> with the transactions using the school's computer. The main problem,
>> however, was that almost no one in the class had a credit card or
>> even a debit card.
>Should be a local thing ... almost everybody I know has at least a
>Bancomat card (well my mother hasn't, we share the account, she had a
>secondary one but surrendered it) which should be by default enabled as
>Pagobancomat. I guess maybe that is not supported for online payments.
By debit card, I don't mean a bancomat card, which can't be used to
buy things over the internet, but something like a Carta Si, which
functions as a Visa credit card.
--
Barbara Vaughan
My email address is my first initial followed by my surname at libero dot it
I answer travel questions only in the newsgroup
<[email protected]> wrote:
>On Fri, 24 Nov 2006, B Vaughan wrote:
>> with the transactions using the school's computer. The main problem,
>> however, was that almost no one in the class had a credit card or
>> even a debit card.
>Should be a local thing ... almost everybody I know has at least a
>Bancomat card (well my mother hasn't, we share the account, she had a
>secondary one but surrendered it) which should be by default enabled as
>Pagobancomat. I guess maybe that is not supported for online payments.
By debit card, I don't mean a bancomat card, which can't be used to
buy things over the internet, but something like a Carta Si, which
functions as a Visa credit card.
--
Barbara Vaughan
My email address is my first initial followed by my surname at libero dot it
I answer travel questions only in the newsgroup
Nov 24th 2006, 10:40 am
#88
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 19:50:59 +0000,
[email protected] (David Horne, _the_ chancellor of
the royal duchy of city south and deansgate) wrote:
>quiqueg <[email protected]> wrote:
>> [email protected] (David Horne, _the_ chancellor of
>> the royal duchy of city south and deansgate) wrote in
>> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>>
>> > A very reasonable fee for an online bank account is to pay nothing.
>> They
>> > have your money already- that's what they make money on. Any other
>> > charges are just to rip you off.
>>
>> Hi David,
>> on principle this is correct, actually until 2005 I paid nothing, except
>> for the fact that - being in Italy, I don't know how it is elsewhere -
>> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>> interests which will be now reduced to 20%). Free ATM withdrawal, free
>> CC and such (which is pretty normal abroad but not necessarily here).
>>
>> For the account per se, I pay somewhere between 40 to 60 euro/y which is
>> obscene if seen from abroad but half, or even less, the cost of a normal
>> bank account here...
>It is obscene, but maybe your bank doesn't charge as much as mine to
>receive money from abroad? Euro transactions are meant to be free within
>euro countries IIRC.
Maybe something to do with your bank? I can transfer GBP from the
Netherlands to HSBC in UK without paying any charges to HSBC, I've
done the same from Oz. I had a % of my salary paid into a UK bank
account for most of my life without ever paying any charges. If you
are having a fee paid into your UK account the payer should pick up
the charges, not you.
--
Martin
[email protected] (David Horne, _the_ chancellor of
the royal duchy of city south and deansgate) wrote:
>quiqueg <[email protected]> wrote:
>> [email protected] (David Horne, _the_ chancellor of
>> the royal duchy of city south and deansgate) wrote in
>> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>>
>> > A very reasonable fee for an online bank account is to pay nothing.
>> They
>> > have your money already- that's what they make money on. Any other
>> > charges are just to rip you off.
>>
>> Hi David,
>> on principle this is correct, actually until 2005 I paid nothing, except
>> for the fact that - being in Italy, I don't know how it is elsewhere -
>> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>> interests which will be now reduced to 20%). Free ATM withdrawal, free
>> CC and such (which is pretty normal abroad but not necessarily here).
>>
>> For the account per se, I pay somewhere between 40 to 60 euro/y which is
>> obscene if seen from abroad but half, or even less, the cost of a normal
>> bank account here...
>It is obscene, but maybe your bank doesn't charge as much as mine to
>receive money from abroad? Euro transactions are meant to be free within
>euro countries IIRC.
Maybe something to do with your bank? I can transfer GBP from the
Netherlands to HSBC in UK without paying any charges to HSBC, I've
done the same from Oz. I had a % of my salary paid into a UK bank
account for most of my life without ever paying any charges. If you
are having a fee paid into your UK account the payer should pick up
the charges, not you.
--
Martin
Nov 24th 2006, 10:53 am
#89
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 19:54:57 -0000, "tim\(yet another new home\)"
<[email protected]> wrote:
>"David Horne, _the_ chancellor of the royal duchy of city south and
>deansgate" <[email protected]> wrote in message
>news:1hpbnqg.g2uwgmpxb58oN%this_address_is_for_sp [email protected]...
>> quiqueg <[email protected]> wrote:
>>> [email protected] (David Horne, _the_ chancellor of
>>> the royal duchy of city south and deansgate) wrote in
>>> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>>> > A very reasonable fee for an online bank account is to pay nothing.
>>> They
>>> > have your money already- that's what they make money on. Any other
>>> > charges are just to rip you off.
>>> Hi David,
>>> on principle this is correct, actually until 2005 I paid nothing, except
>>> for the fact that - being in Italy, I don't know how it is elsewhere -
>>> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>>> interests which will be now reduced to 20%). Free ATM withdrawal, free
>>> CC and such (which is pretty normal abroad but not necessarily here).
>>> For the account per se, I pay somewhere between 40 to 60 euro/y which is
>>> obscene if seen from abroad but half, or even less, the cost of a normal
>>> bank account here...
>> It is obscene, but maybe your bank doesn't charge as much as mine to
>> receive money from abroad? Euro transactions are meant to be free within
>> euro countries IIRC.
>No
>The bank has to charge the same fee for an international
>transaction, that it would for a local one.
The receiving bank doesn't charge anything if the fees are paid by the
payer.
--
Martin
<[email protected]> wrote:
>"David Horne, _the_ chancellor of the royal duchy of city south and
>deansgate" <[email protected]> wrote in message
>news:1hpbnqg.g2uwgmpxb58oN%this_address_is_for_sp [email protected]...
>> quiqueg <[email protected]> wrote:
>>> [email protected] (David Horne, _the_ chancellor of
>>> the royal duchy of city south and deansgate) wrote in
>>> news:1hpapql.k220ob16b31kfN%this_address_is_for_sp [email protected]:
>>> > A very reasonable fee for an online bank account is to pay nothing.
>>> They
>>> > have your money already- that's what they make money on. Any other
>>> > charges are just to rip you off.
>>> Hi David,
>>> on principle this is correct, actually until 2005 I paid nothing, except
>>> for the fact that - being in Italy, I don't know how it is elsewhere -
>>> there are obviously taxes on the account (about 35 euro/y fixed + 27% on
>>> interests which will be now reduced to 20%). Free ATM withdrawal, free
>>> CC and such (which is pretty normal abroad but not necessarily here).
>>> For the account per se, I pay somewhere between 40 to 60 euro/y which is
>>> obscene if seen from abroad but half, or even less, the cost of a normal
>>> bank account here...
>> It is obscene, but maybe your bank doesn't charge as much as mine to
>> receive money from abroad? Euro transactions are meant to be free within
>> euro countries IIRC.
>No
>The bank has to charge the same fee for an international
>transaction, that it would for a local one.
The receiving bank doesn't charge anything if the fees are paid by the
payer.
--
Martin
Nov 24th 2006, 10:55 am
#90
Guest
Posts: n/a
Re: 500 Euro note
On Fri, 24 Nov 2006 22:07:48 +0100, B Vaughan<[email protected]> wrote:
>On Fri, 24 Nov 2006 15:00:58 +0100, Martin <[email protected]> wrote:
>>In the 1960s I watched a bank clerk in a London branch of Barclays use
>>logarithm tables to do an foreign currency conversion when the amount
>>was a nice round figure that I could convert in my head.
>I marvelled today to see my husband's secretary use a calculator to
>compute 2% of 60 euros.
LOL
--
Martin
>On Fri, 24 Nov 2006 15:00:58 +0100, Martin <[email protected]> wrote:
>>In the 1960s I watched a bank clerk in a London branch of Barclays use
>>logarithm tables to do an foreign currency conversion when the amount
>>was a nice round figure that I could convert in my head.
>I marvelled today to see my husband's secretary use a calculator to
>compute 2% of 60 euros.
LOL
--
Martin
