I went to one of the major banks in Australia as a non-customer with $80 worth of $20 Australian notes wanting to exchange them for $10 Australian notes and they said it will cost 10% ($8) to do it. How can it cost so much money to change money in the same currency? I can understand it costing money if it was a lot of money or I brought in heap of coins but this was literally 4 notes! Why are they so greedy for money hitting people who can least afford it?
Yes that’s stupid. But you can see Money makes the world. Sad.
like hell their not greedy
They are not greedy - just a business.
This was just the bank's way of saying 'no' to you. Government rules probably say that banks must change money for consumers. So, the bank is following the letter but not the spirit of this rule. They are willing to change money for you. But they know that you probably won't want to change your money when they require you to pay 10% for this service. I suggest that you complain to your elected representative in the Australian Parliament. It's the elected politicians who make the rules and the laws for banks. And they have the power to change the way banks operate.
