I don't mind the fee *per se* I just object to obfuscating it (which I term "fra... | Hacker News

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		tomp on Dec 6, 2020 \| parent \| context \| favorite \| on: Diem – A rebrand of Facebook’s Libra I don't mind the fee per se I just object to obfuscating it (which I term "fraud" thought that might not be the legal definition). NatWest app says £0.00 fee and some FX rate but when I compare with TransferWise, the difference is £250, which means that the "FX rate" implicitly contains the fee. Maybe not "fraud" legally but I don't want to support such non-transparent business practices.

raverbashing on Dec 6, 2020 [–]

If it's a fixed cost, it's a fee

Yes banks charge commission (where TW usualy has a cost advantage but anyway, it's a money maker for banks and calculation of the fx rate to be used at a given moment is not something simple)

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