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Postal Order - Rip off price to buy

vicwatson

A €45.00 postal order cost me €47.90 at the post office today

An absolute rip off

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L1011

Explain how/why you consider this a rip off? Bearing in mind that there are two offices (sending and receiving) which need to be paid for their services.

ScouseMouse

2.90 charge for a postal order?

Sorry, but I think you are completely out of touch.

Thats cheaper than a bank draft and for what it is, I think thats quite reasonable.

vicwatson

MYOB wrote: »

Explain how/why you consider this a rip off? Bearing in mind that there are two offices (sending and receiving) which need to be paid for their services.

superscouse wrote: »

2.90 charge for a postal order?

Sorry, but I think you are completely out of touch.

Thats cheaper than a bank draft and for what it is, I think thats quite reasonable.

It's a rip off because a cheque is 50 cent that's why !

And before you ask, no, I don't have a chequebook, and they wouldn't accept credit card/debit card, that in itself is so archaic

brian_gall85

Why didn't you request a chequebook then?

[Deleted User]

that cheap dude and your sending money saftely

ScouseMouse

vicwatson wrote: »

It's a rip off because a cheque is 50 cent that's why !

And before you ask, no, I don't have a chequebook, and they wouldn't accept credit card/debit card, that in itself is so archaic

Errr, no its not.

Off the top of my head, the cheque stamp duty (tax) is 50c
The transaction fee on the average irish bank account is what? 30c? Then there may be a quarterly fee. That makes 80c at least. Thats just to access cash in your own bank account.

With the postal order, you have to pay a person to write it, using their cheque book.
Then you have the use of their bank account as you dont use yours.
On top they look for profit (who doesnt).

Still not a rip off IMO

brian_gall85

I wish my banking costs for the week in the shop were that much of a "rip off"

Rory1

vicwatson wrote: »

A €45.00 postal order cost me €47.90 at the post office today

An absolute rip off

not a rip off. seems reasonable.

rubadub

I had to get one to pay for a travel visa before, embassy not taking cash or CC, thought it strange, but was surprised at how cheap they were.

L1011

vicwatson wrote: »

It's a rip off because a cheque is 50 cent that's why !

And before you ask, no, I don't have a chequebook, and they wouldn't accept credit card/debit card, that in itself is so archaic

Do you get someone else to write your cheques for you then? If so, do they do it for free?

Does the person you're sending a cheque to get to cash it without charges? Extremely unlikely.

vicwatson

brian_gall85 wrote: »

Why didn't you request a chequebook then?

It costs €12.50 for a book of cheques (25 cheques)

superscouse wrote: »

Errr, no its not.

Off the top of my head, the cheque stamp duty (tax) is 50c
The transaction fee on the average irish bank account is what? 30c? Then there may be a quarterly fee. That makes 80c at least. Thats just to access cash in your own bank account.

With the postal order, you have to pay a person to write it, using their cheque book.
Then you have the use of their bank account as you dont use yours.
On top they look for profit (who doesnt).

Still not a rip off IMO

I have free banking, no transaction fees, quarterly charges or other

MYOB wrote: »

Do you get someone else to write your cheques for you then? If so, do they do it for free?

Does the person you're sending a cheque to get to cash it without charges? Extremely unlikely.

Don't have a chequebook.

Had to get a postal order as this is only format the company would take.

For me it's a piece of paper that makes a payment at the end of the day, I don't expect it free but I just thought €2.90 was a bit steep

brian_gall85

You now only pay for the cheques you use not the entire book, with Ulster Bank anyway.

It's 6% of the amount you sent hardly daylight robbery.

Some shops have to pay over 3% to take card payments, a rip off.

ScouseMouse

vicwatson wrote: »

It costs €12.50 for a book of cheques (25 cheques)

I have free banking, no transaction fees, quarterly charges or other

Don't have a chequebook.

Had to get a postal order as this is only format the company would take.

For me it's a piece of paper that makes a payment at the end of the day, I don't expect it free but I just thought €2.90 was a bit steep

Thats very good if you have it.

Which bank has NO fees ?

brian_gall85

Ulster Bank have no fees if you keep a certain amount lodged, permanent tsb the same if you lodge so much a month.

Students and OAPs normally a fee free accounts.

keithclancy

vicwatson wrote: »

It costs €12.50 for a book of cheques (25 cheques)

I have free banking, no transaction fees, quarterly charges or other

Don't have a chequebook.

Had to get a postal order as this is only format the company would take.

For me it's a piece of paper that makes a payment at the end of the day, I don't expect it free but I just thought €2.90 was a bit steep

Banks without charges are just making money from your money.

The Post Office does not operate in the same way and operates on a per transaction basis.

2.90 is pretty reasonable, in Austria for example you pay 7.20 for any amount up to 9000 euros for Postal Order.

Compared to Western Union its way cheaper, e.g. sending 130 euros with Western Union you would have paid 13.80.

vicwatson

superscouse wrote: »

Thats very good if you have it.

Which bank has NO fees ?

PTSB, conditions apply

Rory1

Wicwatson - what do you think the fee should fee be?

An Post need to make a profit from it.

vicwatson

€1.00/€1.50 at most. It took 2 seconds to print on the piece of paper. And they got postage out of me 60c !

Rory1

vicwatson wrote: »

€1.00/€1.50 at most. It took 2 seconds to print on the piece of paper. And they got postage out of me 60c !

Well, if you lived in the UK, it would have cost you EUR 5.63.

"Got Postage out of me" - costs associated with this service too.

the groutch

ironically you could have saved 50c by getting 3 x €15 postal orders.

Rory1

the groutch wrote: »

ironically you could have saved 50c by getting 3 x €15 postal orders.

danjo-xx

I think the minimum charge for a postal order is €5.50....... now that is a Rip off if you only want one for a lot less.:mad:

rubadub

the groutch wrote: »

ironically you could have saved 50c by getting 3 x €15 postal orders.

haha, thats mad, I wouldn't have risked it in my case, I could just picture them insisting it had to be a single one.

danjo-xx wrote: »

I think the minimum charge for a postal order is €5.50....... now that is a Rip off if you only want one for a lot less.:mad:

Its not, see the prices here
http://www.anpost.ie/AnPost/GeneralTemplates/ProductsAndServices.aspx?NRMODE=Published&NRNODEGUID=%7bFF495B49-C556-42B8-B2CF-C5D45CC58777%7d&NRORIGINALURL=%2fanpost%2fmaincontent%2fpersonal%2bcustomers%2fmoney%2bmatters%2fmoney%2btransfer%2f&NRCACHEHINT=Guest#HowMuch

danjo-xx

Its not, see the prices here
http://www.anpost.ie/AnPost/GeneralT...=Guest#HowMuch

ooops sorry I think I was thinking of Registered Letters/packets

vicwatson

the groutch wrote: »

ironically you could have saved 50c by getting 3 x €15 postal orders.

Nice of them to advise that in the post office, once bitten twice shy !

It's laughable really, they would have had to print 3 postal orders and it would have been 50c cheaper. LOL, good aul Ireland

Cabaal

vicwatson wrote: »

It's a rip off because a cheque is 50 cent that's why !

But its not the same thing as a cheque, you are not comparing like with like.

A cheque links to your personal bank account and has no money behind it until lodged/cashed and processed. It can still bounce.

A postal order has money behind it, it won't bounce and is not in anyway linked to your bank account.

You say a cheque is cheaper, but you forget the bank fee's that most people pay just to have the bank account to begin with.

freshface2

Get a Cheque BOOK