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  1. #1
    Full Member
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    I know I can choose my local currency on my CJ checks.

    But could anyone tell me if their currency conversion rates from dollar to other currencies are any good?

    -- Less is more --

  2. #2
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    I imagine that the major difference would be between the % cut that CJ's bank takes vs the % cut on the exchange rate that your bank takes.

    I used to get cheques in my currency, but decided I was better off being able to hold onto the cheques for a week or two until a more favourable exchange rate came along.

  3. #3
    ABW Ambassador ToughTurkey's Avatar
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    CJ gives you a very poor exchange.

    I tried getting my payment via cheque in CDN funds one month and was ripped off $100 by CJ and the exchange they gave me. Obviously the larger the cheque the more you lose, even if the difference is .001 Needless to say I put it back to USF immediately.


    My advice is get the cheque in American funds and let your bank exchange it.

  4. #4
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    This is really important for me because I am getting CJ to convert ... haven't calculated the exchange rate, but does anyone know the actual fee involved?

  5. #5
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    Searched all over CJ but coulden't find anything..

    I can't believe I thought it was gonna be free [img]/infopop/emoticons/icon_rolleyes.gif[/img]

    Javi [img]/infopop/emoticons/icon_smile.gif[/img]

  6. #6
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    quote:
    I used to get cheques in my currency, but decided I was better off being able to hold onto the cheques for a week or two until a more favourable exchange rate came along.


    I made the same decision, thing is I am still waiting (for an exchange rate improvement) after a few months, so I opened a US dollar account in the hope that a more favourable dollar / sterling exchange rate will prevail soon.

  7. #7
    ABW Ambassador ToughTurkey's Avatar
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    Here is my experience with CJ with regard to Canadian funds.

    In October 8 I recieved a cheque from CJ for $856 in Canadian funds. They owed me $559 American. That is an exchange rate of 1.5299 cdn for every 1 american dollar.

    That same week I recieved another cheque for $803 american and MY Canadian bank gave me $1261 Cdn. An exchange rate of 1.57099. A difference of .04 cents per dollar.

    That is a huge difference. I know exchange rates fluctuate, but offering to pay you in local currency is a SERVICE that CJ offers. It is not a FREE service.

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