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Cornwall Chamber of Commerce TTG Travel Awards Finalist 2012 Foreign and Commonweath Office

Are there any hidden charges?

Posted by Peter Rudin-Burgess on February 7, 2013 at 6:46 pm. Categories: Exchange Rates

Are there any hidden charges?

Click to download Are there any hidden charges?

This weeks question is… ‘Are there any hidden charges?’

Are there any hidden charges? There certainly should not be any hidden charges! All the companies either registered or regulated by the FCA (formerly the FSA) are under an obligation to clearly state what charges you are expected to pay and what they are for. Every site on CompareHolidayMoney.com is regulated or registered apart from one, ICE (International Currency Exchange) and they are a sister company to Raphael’s Bank. Raphael’s Bank is regulated by the FSA while ICE is not but is ru to the same principles so we have accepted them onto our site because of their high standards.

What are the risks involved from buying from an online currency provider?

Posted by Peter Rudin-Burgess on December 6, 2012 at 9:00 am. Categories: Exchange Rates, Special Features

What are the risks involved from buying from an online currency provider?

This is the next installment of our updated Frequently Asked Questions and this time I tackle the question of the risks of buying your travel money online. One of the differences between the forex [foreign exchange] industry and travel money [tourist exchange rates] is that there is no legal obligation for FCA* regulation you can listen or read more below.

* The FCA, the Financial Conduct Authority replaced the FSA, the Financial Services Authority on 1st April 2013.



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