Frequently asked questions
1) Is my money safe? Yes. When you open an account with us, you place your funds in client account with Lloyds Corporate Banking.
2) How can you save me money? We conduct high volumes of transactions through major banks or financial institutions that deal in the Forex Markets. The rates we get are therefore significantly better than those offered by high street banks. We make our money from the market “spread” (the difference between the buying and selling price), and therefore we do not charge our clients commission.
3) How does the process work? Once you have completed the simple registration forms, returned these to us and undergone our internal process checks, you will be able benefit from significantly lower exchange rates. Opening an account with us, does not obligate you to use our money saving services in any way.
5) How quickly can I make a transaction? Once a price is agreed with you on the telephone just complete, sign and return a contract note within 15 minutes by fax or email. The transaction is then complete. Your currency will is sent to your named beneficiary within 48 hours of us receiving your funds.
4) Why are currency exchange rates on the web quoted higher by Reuters than the price I get. When you see currency exchange rates quoted anywhere on the web, they are always INTER-BANK-RATES. This means they are rates the banks buy and sell at, not the rates available to the general public. At Think Currency, we provide you with an exchange rate as close as possible to the inter-bank rates tracked by Reuters, who are considered to be the market leaders in real-time financial reporting.
