Letter: Baffled by the euro
European countries have different standard physical sizes for cheques. So cheques in euros, even from one Euroland country to another, still suffer the "negotiation fee" cost. It seems this amounts to a handling charge because machinery will only cope with the local cheque sizes. Can this be holding back a European clearing system?
Banks of course are reluctant to upgrade machinery as they want to eliminate cheques, but fail to make electronic transfer of small sums cost-effective. "Negotiating" a cheque can cost pounds 12 to pounds 15 per cheque. I use an organisation - not a bank - that manages to do it for pounds 3.
Hemel Hempstead, Hertfordshire
GlastonburyWI to make debut appearance at Somerset festival
TV reviewIt has taken seven episodes for Game of Thrones season five to hit its stride
FilmPalme d'Or goes to radical and astonishing film that turns conventional thinking about immigrants on its head
Potter's attempt to create an Essex Taj Mahal was a lovely treattv
Arts & Ents blogs
- 1 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 Chelsea victory parade mocked on Twitter as 'tens of fans' pack the streets of London
- 3 US warned by Chinese media to stop meddling or 'war will be inevitable'
- 4 Woman, 21, dies after taking contraceptive pill that 'caused fatal blood clot'
- 5 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Stolen Instagram photo sells for $90,000
Glastonbury lineup 2015: The Women's Institute to make debut appearance at Somerset festival
Twin Peaks series 3: Man behind the 'dark, cloying and obsessive' original soundtrack returns to work with David Lynch
Dheepan, film review: Palme d'Or prize goes to radical and astonishing film that turns conventional thinking about immigrants on its head
Game of Thrones, Season 5, Episode 7: Why two of the show's most iconic characters just met
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
A nation of inequality: How the UK is failing to feed its most vulnerable people