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Good reason to avoid third party exchange services

Good reason to avoid third party exchange services

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Old Jun 29th 2019, 3:21 pm
  #1  
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Default Good reason to avoid third party exchange services

A good example of how it can be expensive making an extra few quid pushing your money through a third party exchange service.

https://news.sky.com/story/police-in...lapse-11492763



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Old Jun 29th 2019, 4:20 pm
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Default Re: Good reason to avoid third party exchange services

I have never trusted these FX services and never used them. Pulaski and others recommend them regularly. Folly.
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Old Jun 29th 2019, 4:30 pm
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Default Re: Good reason to avoid third party exchange services

Originally Posted by scot47
I have never trusted these FX services and never used them. Pulaski and others recommend them regularly. Folly.
Many do just to save a few quid.
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Old Jun 30th 2019, 5:08 am
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Default Re: Good reason to avoid third party exchange services

The difference in rates between your bank and the third party are only really worth it for large sums.
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Old Jul 1st 2019, 4:20 am
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Default Re: Good reason to avoid third party exchange services

The end of your thread title has been cut off:

Good reason to avoid third party exchange services as a savings account which it was never intended to be in the first place anyway
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Old Jul 1st 2019, 10:46 am
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Default Re: Good reason to avoid third party exchange services

Originally Posted by UKMS
A good example of how it can be expensive making an extra few quid pushing your money through a third party exchange service.

https://news.sky.com/story/police-in...lapse-11492763

Most are reputable, some obviously not (similar to banks that go bust also) but holding money in the accounts for some kind of currency speculation is nuts.
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