In Reply to: Tegal Sari & bank fees posted by MalenyDeb on Thursday, 7. September 2006 at 04:22 Bali Time:
We transfer money regularly to Bali and always in US$ as it offers the best exchange, plus the people at the other end operate US$ accounts, which is something I've never been able to figure out.
We get charged A$28 at this end and the people at the other end get charged either US$5 or US$8, I'm not sure.
These are flat rates irrespective of whether you transfer $10 or $10,000. There needs to be a charge to pay for the service provided. On $10 it seems exhorbitant, but on $10,000 it is incidental.