Thomas Exchange Global Responds to Recent Reports Revealing High Charge Fees and Slow Refund Process Imposed by Prepaid Card Issuers

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Recent reports have revealed deplorable terms inflicted by prepaid card issuers, charging foreign travellers approximately 3% more than cost for international purchases and taking months to refund money when called for. In response, foreign currency exchange specialists Thomas Exchange Global offer travellers a competitive exchange rate for travel money to use in lieu of prepaid cards.

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one overseas traveler had been struggling for over 2 months to reclaim the unused balance left on his prepaid travel card upon returning to the UK.

A number of recent reports have surfaced accusing prepaid money card issuers of imposing steep fees such as loading fee, ATM fee and other charges unbeknownst to users, costing them approximately 3% more on international purchases and taking months to transact refunds. Meanwhile, more and more travelers are turning to Thomas Exchange Global Ltd for a solution, providing them with the most competitive exchange rates in the travel money market without charging a fee for commission.

Most payment card issuers based in the UK impose dubious charges for foreign transactions, as highlighted by BBC News Business reporter Chloe Hayward in an article published on February 13th– during which it was revealed that card users, “pay as much as 3% on any money you take out abroad.”

Similarly, a March 5th report by The News claimed that one overseas traveler had been struggling for over 2 months to reclaim the unused balance left on his prepaid travel card upon returning to the UK.

“All service providers levy various charges when using plastic to pay while traveling internationally. This includes any loading fees, ATM withdrawal fees, inactive fees, annual fees, in addition to many others,” commented Trevor Samuel, Senior Manager of Thomas Exchange Global Ltd.

Alternatively, Thomas Exchange Global maintains a very transparent pricing policy and doesn't charge users a commission fee for travel money. The London-based foreign exchange specialist provides this level of transparency to ensure that its customers are fully aware of exactly how much they’re spending on travel money.

Moreover, any unused travel money can be easily converted back to the Pound Sterling without any commission imposed over-the-counter nor by post.

“It’s our policy to provide the best deals and accurate, up-to-date information to travelers. Full details about our foreign currency exchange rates and policies are available on our website,” concluded Trevor.

For further details visit ThomasExchangeGlobal.co.uk, or call 020 7240 1214.

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 travellers 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, Wormwood Street, Embankment and Richmond. For further details visit ThomasExchangeGlobal.co.uk, or call 020 7240 1214.

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Rasika Dissanayake
BestForeignExchange.com
since: 09/2013
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