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Santander Bandits
It’s my own fault
I’ve avoided Santander for a over decade because of their small print deposit rate notice terms and conditions and often unwarranted deposit pricing back at home
I had ordered a taxi from Alora Town Hall to the airport. I had cash but not enough for the journey. I didn’t know if the driver accepted card payments so I thought it best to use the adjacent Santander ATM to withdraw 50€
Santander charged me 7€ - the equivalent of a 14% commission. I use a Monzo cash card whose FX rate is as close to the MasterCard spot rate as can be
In other ATM transactions during the preceding two months, vending bank ATM commissions never exceeded 2€ and more often than not were c. 1,80€
Maybe it’s lightweight and incestuous operational and other senior management believe that it’s huge losses can be reversed by sundry folk waiting for taxis
In my opinion the 90% reduction in Santander’s Cap Value over the last year is well warranted.
