Comments on: 4 Savvy Tips To Manage Your Holiday Cash

By: Daniel Abrahams

Daniel Abrahams — Thu, 10 Oct 2013 11:15:07 +0000

Hi Freddy,

Really sad to read that story. Was the £42k a money transfer or travel money transaction? Just before we started our comparison site, we saw the news about Crown Currency Exchange (who you may have used?). From that point on, we ensured every FCA regulated company we listed on both sites were: a. authorised and regulated by the FSA (now FCA), operated segregated client accounts to protect client funds, have at least a 5 year track record of being in business & have the highest degree of strong banking relationships.

The vetted procedure we have with every new comparison site is fierce as our motto is ” we’d only list a company we’d use ourselves.”

For sure, reputable non-bank foreign exchange specialists are the overall cheapest & offer fantastic cost savings & I truly believe in 2013 there are many very reputable, reliable and safe foreign exchange companies out there.

Thanks!

Daniel Abrahams.

Co-Founder MyTravelMoney & MyCurrencyTransfer

By: Marc Blakeson

Marc Blakeson — Mon, 07 Oct 2013 20:57:50 +0000

I often use Travel FX to buy holiday money online. Never had an issue & funds delivered to front door each time. Sorry to hear your experience there Freddy. I did vet the company very carefully though before purchasing

By: Freddy Johnson

Freddy Johnson — Mon, 07 Oct 2013 13:33:04 +0000

I respectifully disgree with the comment that buying on-line is cheapest! It’s also the most dangerous unless you use bona fide banks. I brought 42k pounds of euros 3 years ago and the company I used went bust as soon as they recieved my money and so far I have got back 2k so far better to go through your own bank and dont pay too much heed to inetrnet exchange companies