Is the money’s currency changed automatically, or we have to make sure that the transaction can be managed in different currency?
(I need the money to be transfered from euro account into my indonesian account)
Most Commented Posts
- August 8, 2008 -- Should "In God We Trust" Remain On American Currency? (41)
- February 26, 2009 -- Xtian: What right (specifically) would be violated by removing "In God We Trust" from US currency? (41)
- January 27, 2010 -- Do conservatives invest in gold because they have no faith in American currency? (37)
- November 24, 2008 -- Is “In God We Trust” on US currency a true statement? (35)
- January 3, 2009 -- Should the motto “In God We Trust” be removed from U.S. currency? ? (34)
- March 17, 2009 -- R&S what do you feel about "One nation under God" on US currency? (34)
- April 21, 2009 -- What would be the impact on American society if "In God We Trust" were removed from the currency? (34)
- May 7, 2008 -- Who else thinks that "in god we trust" should be removed from US currency? (33)
- January 9, 2009 -- Are coins and currency the same thing? (30)
- March 8, 2010 -- If your good looks were currency, what could you buy? (30)
This entry was posted
on Thursday, July 2nd, 2009 at 4:00 am and is filed under Currency Trading.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
July 2nd, 2009 at 4:00 am
ask the bank that has the euro account to convert to indonesian rupiah and transfer rupiah.
July 2nd, 2009 at 4:00 am
If you transfer one currency into an account designed for another, then it will just be converted by the bank. But, be aware it will be converted at an absoutely horrendous rate. Your best bet is to use a specialist currency brokerage - fix the rate with them, send them the currency, they will then send on the correct currency to your account. You should get a better rate with no commission.
July 2nd, 2009 at 4:00 am
If both the accounts are managed by the same bank there shouldn’t be any difference.
If both the banks are domestic, you should convert the euros to rupiah at first, because domestic currency transactions’ commissions between banks are usually lower.
If the banks do not operate in the same country it does not matter, you will be charged some kind of commission and a commission for converting in your rupiah account.
However the BEST way to find it out is to call the bank and ask, they have to explain you the details.