NAB 0.48% $39.51 national australia bank limited

From an international funds transfer yesterday.Through NAB the...

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    From an international funds transfer yesterday.
    Through NAB the conversion  AUD to CAD = 0.899
    Kitco quoted exchange rate at the time: AUD/CAD = 0.940671
    Margin = 0.041671
    so for $200 the margin cost is $8.33

    -------------------------------------------------
    WESTERN UNIONWestern Union conversion AUD to CAD = 0.94
    Kitco quoted exchange rate at the time: AUD/CAD = 0.940204
    Margin = 0.000204
    so for $200 the margin cost is $0.04

    -----------------------------------------------
    OUCH!!!!
    So the question is: Why is NAB so expensive?
    Do they expect the client to not bother to check the reported exchange rates?
 
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