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Originally Posted by vinylweatherman
There is NO POUND EDGE involved here either, so there would be no benefit in depositing in pounds if you could deposit in dollars.
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But there is a "pound edge" if you're claiming a bonus, isn't there? It's a very strange approach to dealing with it and it's going to trap some people who weren't thinking of maximising their advantage, but in some ways it's preferable to banning the use of pounds completely for non-UK players.
What I would say is that if they're going to take 5% off it should only be after a bonus has been claimed, as otherwise there's absolutely no justification.