City AM reports, RBS plan to close over 30,000 foreign currency accounts; Thomas Exchange Global offers alternative international money transfers to affected customers

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City AM reports "Tens of thousands of RBS accounts will be closed over the comming months". Thomas Exchange Global, the currency specialists offers very competitive alternative solutions minimizing the impact of closure of such accounts.

RBS will be writing to 36,000 foreign currency account holders and will shut tens of thousand of foreign currency accounts.

“RBS will be writing to 36,000 foreign currency account holders and will shut tens of thousands of foreign currency accounts,” City AM reported under the title "Red tapes cost force RBS to shut foreign currency accounts"on 13th February.

Thomas Exchange Global, the foreign exchange specialists, have found that this will affect small importers relying on invoice payments and other customers dealing with overseas parties on personal and business capacity.

"Small importers, mortgage holders, travel companies many others will have to pay large fees to transfer money overseas," stated Trevor Samuel, The Marketing Manager, Thomas Exchange Global.

Thomas Exchange Global also offer very competitive exchange rates compared to high street banks and money brokers, making the overall transaction lucrative.

“Using an alternative money transfer service can greatly reduce the cost. Compared to a fee of £25 and over by high street banks our money transfer service is free of charge if the amount is over £10,000, while a fee of just £12.50 is charged for amounts less than £10,000,” Trevor continued

Their experienced dealers can guide new customers to open an account and transfer money abroad with minimum hassle. They facilitate international money transfers at any of their 6 branches in London and online as well.

About Thomas Exchange Global
As dedicated foreign exchange specialists, Thomas Exchange Global has the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide an unprecedented level of service that sets the standard in the foreign exchange industry. They are specialists in all areas of foreign exchange. They provide commission free currency as well as travelers cheques.

Thomas Exchange Global also offers International Money Transfer Service where funds can be remitted to overseas bank accounts within 1 to 2 days. With commission free service for transfers over £10,000 backed by competitive exchange rates, customers are assured of a better deal and a substantial saving compared to banks and money brokers.

Thomas Exchange Global branches are located at Strand, Victoria Street, Liverpool Street, Hammersmith, Cannon Street and Wormwood Street.

For further details, visit or call 020 7240 1214.

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Rasika Dissanayake
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