This page (together with the documents referred to on it) tells you the ("Terms") on which we provide an online ordering facility ("Service") for foreign currency banknotes and traveller's cheques ("Currency") described on our website www.sterlingfx.co.uk (our "Site") to you. Please read these terms and conditions carefully before using our Service to order any Currency from our Site. You should understand that by ordering any Currency, you agree to be bound by these Terms, and that subject to our right to vary these Terms, these Terms apply to each order for Currency that you place from time to time
You should print a copy of these terms and conditions for future reference.
Please tick the box on the registration page to confirm that you accept these terms and conditions. Please understand that if you refuse to accept these Terms, you will not be able to register to use our Service.
www.sterlingfx.co.uk is a site operated by Sterling Consortium Limited trading as Sterling ("We" or "Us"). We are registered in England and Wales under company number 05850613 and have our registered office at 50 Harrowby Street, London, W1H 5EE. Our VAT number is 239784024.
We are registered with The Financial Conduct Authority under the PSD Directive and are registered with HM Revenue and Customs as a Money Service Business. Our Money Service Business registration number is 12120971.
Our Site is only intended for use by people resident in the United Kingdom. By placing an order for Currency through our Site, you warrant that you are legally capable of entering into binding contracts, you are at least 18 years old; and you are resident in and are accessing our site from within the United Kingdom.
You must register with Us in order to use the Service. As part of the registration process you agree that we may undertake appropriate checks (including electronic checks) to verify your identity. We may decline your application to register for our Service if we cannot verify your identity or for any other reason at our discretion.
Upon registration you will be issued with a customer ID and your password will be generated. You must treat such information as confidential, and you must not disclose it to any third party. You must not allow any other person to use your customer ID or password to use our Service. We have the right to disable any customer ID or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of these Terms.
You must not lease, distribute, license, sell or otherwise commercially exploit our Services or hold yourself out to any person as the supplier of the Services, nor must you sell or purport to supply the Services within your own service offering. You must not use the Services other than in accordance with these Terms.
In order to use our Service you must comply with all applicable laws and regulations, including those relating to anti-money laundering regulations. If you fail to do so we reserve the right to prevent you from using our Service to order Currency.
In order to enable Us to comply with our anti-money laundering and other legal obligations and our internal risk and fraud policies, We may ask to you for further information and identification (such as proof of your residential address/drivers licence details/ passport details and details relating to your source of funds). The name on the credit or debit card that you use to purchase Currency must match that on the identification document(s) that you submit to Us.
You may use the Service to place an order ("Order") for Currency for holiday or business travel. Orders are subject to a minimum value of £300 and a maximum value of £7,500.
Sterling can only accept a maximum of £2500 within a 14 day period when accepting payments via a payment card.
To place an Order, you should enter your Currency requirements into the currency converter on the Site and follow the instructions on the screen. You are responsible for entering correct information and we will not be responsible for any losses that you may suffer as a result of your error. You may correct errors up to the point that you submit your payment details in respect of your Order.
As part of the Order process you may request your Currency in specific denominations. We will use our reasonable endeavours to comply with your request but we do not guarantee that any requested currency denominations will be met.
You will be informed of delivery instructions prior to confirmation of the Order. If you do not accept the delivery instructions you need not continue with the Order.
After placing an Order, you will receive an e-mail from Us confirming that we have received your Order. You should print a copy of the Confirmation for your records.
Your Order constitutes an offer to purchase Currency subject to our acceptance. Our Confirmation constitutes acceptance of your Order.
All Orders are subject to the availability of the requested Currency and/or any limits or restrictions imposed by Us or by regulation or law from time to time.
You may not make changes to your orders once they are accepted unless expressly agreed by Us. If we agree to change your order, at our sole discretion, we may charge an administration fee of £10.
Orders may be placed at any time but will be processed during the hours of 9.30am to 6.00pm Monday to Friday excluding English bank holidays ("Working Hours"). Any Order placed outside Working Hours will be processed during Working Hours on the next working day.
Where your Order includes traveller's cheques, these are subject to the terms of purchase, refund and replacement and other and conditions of the issuer (the "Issuer"). Please contact the Issuer for a copy of their terms and conditions. The terms and conditions of the Issuer are between you and the Issuer, and are in addition to these Terms and you should read them carefully. If your traveller's cheques are lost or stolen, the Issuer will only replace or refund their face value if you have complied with their terms and conditions.
Currency will be delivered only to your credit or debit card billing address. A signature will be required on delivery of your Currency and you must provide us with a valid landline home telephone number prior to delivery.
All foreign currency banknotes and travellers cheques will be sent by Royal Mail special delivery (unless we advise you otherwise).
Currency will be dispatched at the following times, unless otherwise requested at the time of your Order.
The dispatch timetable is as follows:
|Order Confirmed||Order Delivered by 1pm|
|Before 12noon Monday to Thursday||Next working day*|
|After 12noon Monday to Wednesday||Second working day*|
|After 12noon on Thursday and Before 12noon Friday||Monday *|
|After 12noon Friday||Tuesday|
|Anytime Saturday and Sunday||Tuesday|
This schedule is subject to variation during public holidays or national events that may affect our delivery schedule. During these periods, information about the revised delivery times may be posted on the Delivery Information page of the Website.
Orders are currently delivered free of charge unless stated otherwise. Clear details of any charge will be stated on the "My Payment Details" page.
Deliveries are the responsibility of and are insured by Royal Mail. To the extent permitted by law and subject to these Terms, we accept no responsibility for any failure by Royal Mail to deliver on time or at all. A copy of these terms are available from Royal Mail upon request at www.royalmail.com .
You accept responsibility for your Home Delivery Transaction when your Travel Money and/or travellers' cheques are signed for and/or are confirmed by GPS coordinates to be delivered to you at your home delivery address or when the Travel Money and/or travellers' cheques are collected from a Royal Mail sorting office.
If you fail to accept delivery for any reason and wish the order to be resent you, will have to pay additional delivery charges as per our current fees. These charges apply to all orders which qualify for free home delivery
Royal Mail's duty is to deliver Items to the address written or printed on the Item . They are not responsible for delivering the Item to the person whose name is written or printed on the Item and therefore will accept signature from anyone in the property at the time of the delivery.
If Royal Mail are unable to deliver an Item because it does not fit through the letter box, no-one is available to receive or sign for it Royal Mail shall leave a card for the Intended Recipient explaining that a delivery was attempted and they shall take the Item back to their local sorting office and leave a card at the address. The card will give the Intended Recipient the option to have the Item re delivered to that address or inform them of where they can collect the Item from.
If the Intended Recipient does not collect it or have it delivered within 18 Days, or such shorter period Royal Mail shall return the Item to sender.
We may not be able to guarantee deliveries to certain areas within the United Kingdom
Your order should reach you the next business day before 1pm after receiving the "Order dispatched" email. Should your order not arrive promptly by 1pm, then you must inform us within one business day so that we can commence investigations for you. Please be advised that if we are not notified by you within 24 hours of the delivery date, your claim may be reduced or rejected. Additionally, you must co-operate fully with investigations involving Royal Mail's security team, our security team and if needed the Police.
If you fail to accept delivery for any reason and wish the order to be resent you, will have to pay additional delivery charges as per our current fees. These charges apply to all orders which qualify for free home delivery
If Royal Mail fails to deliver your order, including the loss of your order, or if an order is fraudulently accepted by anyone unbeknown to you, then we will investigate the non delivery of your order. Some investigations can take in excess of 25 Business Days before knowing if we can offer you a refund or not. In some circumstances, we may be able to offer you a full refund of your money sooner but in all circumstances, the earliest a refund can be given will be after 10 Business Days of dispatch.
Please note that you should not accept any packages which appear to have been tampered with or damaged during transit by Royal Mail. We cannot be held liable for any financial loss should you sign for a package which has been damaged or tampered with.
You must notify us if there are any issues with your order within 24 hours after receipt. If you do not notify us within this timeframe we shall have no liability for any losses or expenses arising from an incorrect order.
In the event that you report a shortage in your order to us, initially you will be required to fill out a declaration before we commence your investigation. We may review our CCTV footage of the order being packaged. You agree that the CCTV footage showing the correct amount of currency being packed into your order shall be conclusive evidence that your order is correct and we shall have no liability to you for any purported shortage. In the event of an investigation where there is evidence of potential fraud, we reserve the right to pass on your details to the relevant authorities.
If we provide a replacement order and the original order is received by you and not returned to us by Royal Mail Special Delivery within 14 days, we reserve the right to charge you for the replacement order.
If you fail to accept delivery of or fail to collect your order from Royal Mail we will provide you with a refund to the Payment Card which you used to pay for your order less any Payment Card handling fee and delivery charges. A £10 administration fee will also apply. A refund will only be given once the order has been returned to us by the Royal Mail.
Please order your currency at least 3 to 4 working days before it is required, as we cannot offer you alternative options if it is delayed in transit for any reason.
Please note that we do not refund the delivery cost for delayed items
When making payment, you warrant that you are acting on your own behalf, for a genuine reason and that the funds used to purchase are legally and beneficially yours, have not been obtained by illegal means nor in any way contrary
The price of any Currency will be as quoted on our Site from time to time, except in cases of obvious error.
The rate of exchange applicable to the Currency is displayed on the currency converter. Prices are updated regularly on our Site in accordance with updates in the wholesale market. Price updates will be subject to a delay according to our pricing policy in force at the time of your Order. The rate of exchange applicable to the Currency is subject to your acceptance, and if you do not accept the rate of exchange offered to you, you are not required to continue with your Order.
All prices exclude delivery costs and credit or debit card handling costs ( if applicable), which will be added to the total amount due prior to you confirming your Order.
Payment for all Currency must be by credit or debit card or bank transfer.
We accept payment with the following credit or debit cards We accept payment by any of the following methods: MasterCard, MasterCard Debit; Maestro; Visa; Visa Debit; and Visa Electron. You undertake that all details provided are correct, the credit or debit card used belongs to you and that the billing address of your card matches the delivery address of your order. Please note that We do not accept business cards as payment.
No charge using a Debit or Credit card.
Your credit or debit card issuer may apply a cash advance charge over which we have no control. You are responsible for checking with your credit or debit card issuer as to whether a cash advance charge will be applied. Any cash advance charge will be shown separately on your credit or debit card statement.
You can select this method of payment during the order process on-line. Once you have placed your order with us, you will be given our client bank account details on your order acknowledgment. You must without delay, send payment of your order in full to the account number shown. Please enter your order number as the transaction reference. Failure to do so correctly may result in the Service being delayed or being cancelled. Please note that if we have not received the correct transfer reference, we accept no liability for any delay in processing your order.
You undertake that the bank account used to make payment is your personal account, belongs to you and that the name and registered address of the account used matches the delivery address of your order. Please note that We do not accept cash deposits into our account.
Failure to send a payment from an account other than your own may result in your order being cancelled or delayed. Payments which are received from an account other than your own or payments which have been made in the form of a cash deposit may be returned back to the sender minus our fee of £10.
If your payment is received by 12 noon, your currency and/or travellers cheques will be dispatched the same day. Please be advised that if your payment has not been received by 12 noon, we will dispatch your package on the next working day.
If your bank offers the Faster Payments service, we should expect to receive your payment within 2 hours however this cannot be guaranteed.
Should you opt to pay for your order by bank transfer we require the payment to be made promptly and for funds to clear in our Client Account by 4pm on the same day you placed your order. Should your funds not clear by that deadline the order will be cancelled and the funds shall be returned back to you less a £10 cancellation fee.
We do not charge any commission in respect of your Order for Currency
Please wait until you have received the confirmation email stating that your order is "ready for collection" before visiting the bureau. Furthermore, we advise you go to collect your order at the stated time frame on your order confirmation email. We shall do our very best to ensure the package is ready for collection at the time stated however we cannot always guarantee due to unforeseen circumstances such as delayed delivery trucks.
When collecting orders in person, please bring your order confirmation email, the credit/debit card that was used to pay for your order and proof of ID (full passport or photographic drivers licence). Please be advised that your credit/debit card issuer may charge you a cash handling fee. Please note this is not a fee imposed by Us, this fee may apply when you purchase currency from any Bureau de Change and if you do not wish to incur this, you can opt to pay via bank transfer.
We advise that you double check the currency in your collection packet before leaving the bureau since we cannot guarantee any compensation thereafter if any discrepancies arise.
The bureau will also accept cash for cash over the counter transactions should you wish to pay for your travel money in cash. Simply pop into the bureau during our opening times stated below:
Monday to Friday 09.30-18.00
Bureau address: Sterling, 105 Edgware Road, Marble Arch, London, W2 2HX Buy Back Service
A buy back order can be placed from the buy back page which is situated under the "Buy Back" tab. When entering your order, the rates displayed are for indication only and not the rate applied to your order. We apply the rate on the day when we receive your currency. The rate will be captured directly from our system at anytime during the day. Once you have booked your order into the system, clear details are provided on how to send the currency to us.
In the case of travellers cheques, we are only able to buy back travellers cheques from you only. The travellers cheques must be signed in both designated areas as described by the issuer. Please refer to the terms and conditions of the travellers cheques issuer. In the event where the travellers cheques have not been signed correctly and we have to send the travellers cheques back to you, the cost of the return postage shall be incurred by you.
When placing your buy back order, you warrant that you are acting on your own behalf, for a genuine reason and that the currency in your possession has been purchased legally and has not been obtained by illegal means nor in any way contrary
Please note that when sending your currency back to us, you should use the Special Delivery insured service from Royal Mail. Always insure your currency up to the GBP (pound) equivalent value as advised by Royal Mail. Please be aware of any insurance restrictions on the number of packages sent to us and always refer to the terms and conditions supplied by Royal Mail.
Please be aware that when using the Buy Back Service, we cannot be held liable for any delays in delivering the Service or loss of your currency caused by Royal Mail.
When your package is received by Us, We will check the currency against the details you have entered on the order. If the amount is incorrect or forged notes are present, We will advise you accordingly. Please note that if forged notes are present, we will provide you with the serial numbers of those notes for your reference. We cannot return forged notes back to You and this will not form part of your Order.
Please note we do accept 500 EUR notes however an additional 3% fee will apply. We do not accept outmoded or damaged notes. Notes which are too low a value may also be rejected so please contact us before placing your buy back order if you are unsure. In the event that you send notes which are rejected, these will be returned to you the cost of the return postage shall be incurred by you.
You may be asked for more details in the form of documentary evidence regarding the currency that you are sending back to Us. We have the right to request further details from you in accordance with our Ant-Money Laundering Procedures. Failure to comply with these requests may result in delays of your payment being made or your currency being seized while further investigation takes place.
We will only pay the GBP equivalent back into Your personal account. All buy back order payments are made via BACS transfer which can take up to 3 working days to clear.
Where you contract with us as a consumer, the contract between us and any orders for the purchase of Currency that you may make through Service shall be subject to the Consumer Protection (Distance Selling) Regulations 2002 ("Distance Selling Regulations").
Notwithstanding the above, you acknowledge that for the purpose of Regulation 13(1)(b) of the Distance Selling Regulations, the price of foreign currency is dependent upon fluctuations in the financial market which are outside of our control, and as such you shall not have any right to cancel any contract for the purchase of Currency that you make through the Service, other than in exceptional circumstances where we agree that you may do so in our sole discretion.Where we allow you to cancel an Order, we may (in our discretion) offer to buy back your Currency at the applicable rate in force, although we reserve the right to apply a £10 administration fee.
Our Service includes comprehensive checks to ensure that you receive the correct Currency. However, we do not guarantee that our Service will be error free and you acknowledge that from time to time errors may be made.
If you receive the wrong Currency, or insufficient Currency to make up the value of your whole Order, or a damaged or soiled package, or if you fail to receive your Currency on the expected delivery date, you must inform us immediately through the "Submit a Ticket" page of your account section of our Site or via email on firstname.lastname@example.org. You should not accept delivery of a soiled or damaged package. You must notify us if there are any issues with your order within 48 hours after receipt. If you do not notify us within this timeframe we shall have no liability for any losses or expenses arising from an incorrect order.
If due to an error by us, the value of the foreign currency delivered to you is greater than that ordered you agree to return the excess to us by Royal Mail Special Delivery within 14 days. We will reimburse you up to the cost of return by Royal Mail Special Delivery.
We will promptly investigate the issue and where our procedures show that we have made an error, we will determine any action to be taken and/or or remedy available to you on a case by case basis. Where you have received incorrect Currency as a result of our error, we will request that you return any such Currency to us, and you must do so by Royal Mail special delivery, the cost of which will be refunded to you. Upon receipt of the incorrect Currency, we will refund the value of the Currency. All refunds (including any refund of postage costs [subject to proof of your actual costs] OR [at Royal mail standard rate in force in respect of special delivery] will be made to the credit or debit card used to pay for the Currency.
Where our investigation shows that Royal Mail has made an error, we will determine any action to be taken and/or remedy available to you on a case by case basis and in line with the terms of the applicable Royal Mail insurance policy.
We are unable to issue a refund until Royal Mail have completed their investigation and provided us in writing the outcome of it.
If you receive the wrong Currency as a result of your own error or fault, we will not offer any refund or replacement.
In the event a refund is applied, please note that the standard refund can take between 3 to 5 working days.
In the event a refund is authorised, we will work on a best efforts basis to refund you as soon as possible, however please note that the standard refund can take between 3 to 5 working days.
You should re-check thoroughly before submitting your order online.
Once submitted, the order(s) cannot subsequently be cancelled at the request of the customer. Any cancellation of any orders will be at the sole discretion of Sterling and a minimum cancellation fee of £50 will be charged.
You acknowledge and agree that We may delay, refuse or cancel your Order at any time, for any reason, in our absolute discretion, particularly where we reasonably consider that you are engaged in fraudulent activity or are in breach of these Terms or where you may be unable to fulfil your obligations under these Terms
We may immediately cancel your Order if you are in breach of this Terms, and (where your breach is capable of being rectified) you do not rectify the breach within a reasonable time of our notifying you. You will be liable for any losses that we incur. We may also cancel your Order if we are required to do so on the instructions of any law enforcement agency or regulatory body, in which case we may retain all or any of your money if we are required to do so by law and deal with it as ordered by a court or other body of competent jurisdiction.
Should any Order be cancelled before your payment by credit or debit card is processed, your pre-authorised payment will be voided on the same day of cancellation. However, your card issuer may retain the funds for up to 10 working days, before releasing them back into your account. You acknowledge that this is outside of our control and that we shall have no liability to you for such actions of your card issuer.
We warrant to you that we will provide the Service with reasonable care and skill and in a timely manner.
Our liability for any losses that you may suffer as a result of us breaching these Terms, including deliberate breaches, is strictly limited to the total value of your Order to which the liability relates.
This does not include or limit in any way our liability for death or personal injury caused by our negligence; for fraud or fraudulent misrepresentation; or for any matter for which it would be illegal for us to exclude, or attempt to exclude, our liability.
We are not responsible for indirect or consequential losses which happen as a side effect of the main loss or damage and even if such losses result from a deliberate breach of these Terms by Us that would entitle you to terminate any contract between us, including but not limited to loss of income or revenue; loss of business; loss of profits or contracts; loss of anticipated savings; loss of data; or waste of management or office time however arising.
Our maximum liability to you in respect of each order you make using the Services shall be limited to a sum equal to the total value of your order and any charges we make for each order in respect of which you are making the claim.
We maintain the right to offset any liability we owe to you against any liability you owe to us whether that liability arises in connection with the Services or any other service we provide to you.
Applicable laws require that some of the information or communications we send to you should be in writing. When using our Site, you accept that communication with us will be mainly electronic. We will contact you by e-mail or provide you with information by posting notices on our website. For contractual purposes, you agree to this electronic means of communication and you acknowledge that all contracts, notices, information and other communications that we provide to you electronically comply with any legal requirement that such communications be in writing. This condition does not affect your statutory rights.
You may contact us at any time through the "Submit a Ticket" page of your personal account section of the Site, or by writing to us at the address given at the front of these Terms.
We will not be liable or responsible for any failure to perform, or delay in performance of, any of our obligations under a Contract that is caused by events outside our reasonable control ("Force Majeure Event").
A Force Majeure Event includes any act, event, non-happening, omission or accident beyond our reasonable control and includes in particular (without limitation) the following: strikes, lock-outs or other industrial action; civil commotion, riot, invasion, terrorist attack or threat of terrorist attack, war (whether declared or not) or threat or preparation for war; fire, explosion, storm, flood, earthquake, subsidence, severe adverse weather, epidemic or other natural disaster; impossibility of the use of railways, shipping, aircraft, motor transport or other means of public or private transport; Impossibility of the use of public or private telecommunications networks; or the acts, decrees, legislation, regulations or restrictions of any government.
Our performance of our obligations in respect of any Order is deemed to be suspended for the period that the Force Majeure Event continues, and we will have an extension of time for performance for the duration of that period. We will use our reasonable endeavours to bring the Force Majeure Event to a close or to find a solution by which our obligations may be performed despite the Force Majeure Event.
If we fail, at any time to insist upon strict performance of any of your obligations under any Order or any of these Terms, or if we fail to exercise any of the rights or remedies to which we are entitled under the Order, this shall not constitute a waiver of such rights or remedies and shall not relieve you from compliance with such obligations.
A waiver by us of any default shall not constitute a waiver of any subsequent default.
No waiver by us of any of these Terms shall be effective unless it is expressly stated to be a waiver and is communicated to you in writing.
If any of these Terms are determined by any competent authority to be invalid, unlawful or unenforceable to any extent, such term, condition or provision will to that extent be severed from the remaining terms, conditions and provisions which will continue to be valid to the fullest extent permitted by law.
These Terms and any document expressly referred to in them represent the entire agreement between us in relation to your Order and supersede any prior agreement, understanding or arrangement between us, whether oral or in writing.
We each acknowledge that, in entering into a contract, pursuant to an Order, neither of us has relied on any representation, undertaking or promise given by the other or be implied from anything said or written in negotiations between us prior to the placing of such Order except as expressly stated in these Terms.
Neither of us shall have any remedy in respect of any untrue statement made by the other, whether orally or in writing, prior to the date of any Order (unless such untrue statement was made fraudulently) and the other party's only remedy shall be for breach of contract as provided in these Terms.
We have the right to revise and amend these Terms from time to time. You will be subject to the policies and terms and conditions in force at the time that you order Currency from us.
Any Order and/or the use of our Services and any dispute or claim arising out of or in connection with them or their subject matter (including non-contractual disputes or claims) will be governed by English law and shall be subject to the exclusive jurisdiction of the courts of England and Wales.
It is your sole responsibility to meet the currency import and export measures and conditions of the UK and any country you may be visiting (the Conditions). Please note that Sterling Consortium Ltd or its trading brands will not be responsible for any losses, damages or claims you may suffer as a result of your failure to comply with the Conditions.
We supply a range of currencies for which certain currencies may be restricted for non residents. We advise all travellers to check in advance of ordering their travel money whether any restrictions apply on how much local currency they can bring into the country they are visiting. Tour operators and embassies should be able to provide information about restricted currencies and any related thresholds that may apply.
We operate in an industry that is regulated and authorised by HMRC and the FCA respectively and this is our primary reason for requesting your personal data. It is a legal requirement.
Upon initial registration and each time you use our service we collect information about you. That data can include, how you found our company. For example, did you come directly to our website or via an affiliate or search engine. Additional information includes your contact details which will include your full name, date of birth and current residential address, your billing information and how often you use our services and what your preferred method of payment is debit cards or bank transfer for instance.
We may also use your data to inform you of any new services that could be of interest to you.
We will keep all Personal Data confidential as required by law and in accordance with these terms and ensure that access to Personal Data shall only be provided to those employees, affiliates or services providers who need access and those agencies or bodies to whom we are obliged to share the data by law.
As an organisation, we have taken adequate technical and organisational security measures to safeguard Personal Data against unauthorised access, destruction, disclosure, transfer or improper use.
We have changed our policy in respect of direct marketing from an opt out to an opt in version.
If you are still happy to continue to receive marketing emails from us, You will be able to disable the service under Account Information section after login.
These forthcoming changes in data protection law require your consent before we can collect and/or use your data. With this in mind, please take a moment to read the below information.
Our main form of communication is via emails. These provide you with updates regarding the progress of your order. However we may also call you on the telephone numbers you have provided to us regarding updates on your order.
In order to offer our service we must adhere to the Money Laundering Regulations. This includes knowing our clients, understanding their foreign exchange requirements and their source of funding them and reasons for purchase.
Information is also collated so we may use the data to assist us in service improvements to help us develop our business and better match your requirements.
Who you are includes:
Your full name, residential address, date of birth,
How you opt to pay includes:
Whether you paid by debit card or bank transfer. Please note that we do not keep any card details on our database, we will keep bank account details against your order in the instance of a buy back.
Source of funds
Documentation that you may have sent us for Compliance reasons such as a bank statement as source of funds
Purpose of payment
Destination of those funds both geographic and the name of the recipient
We may also require proof of the above in documentary form. Or conduct an electronic verification process.
How you use our foreign exchange services includes:
Details about how your order from us ie via the website or your mobile phone. This includes the date and time you use them and how long for. Your frequency of buying currency from us as well as selling any leftover currency to us. Records of your Order History which includes details of previous purchases and sells are also stored for Compliance reasons within your account.
What you do with your account(s):
This includes things such as whether you buy currency from us and also sell any unused currency back. How often you log in to your account to use our services. Any updates to your Account Information. Whether you benefit from the rate reminder, Click and Collect or holiday money reminder services.
Where do we get your information?
When you register to become a member of our services the data is collected however we also update your account with notes when you contact us and whenever you place your order online. Additionally, whenever you update your account information online.
We use your information primarily to fulfil your currency requirement and also to:
Manage your account and keep your information up to date
To make out outward payments
Get in touch with you via email or telephone calls
Keep things secure and prevent crime, fraud and money laundering
Manage our platform
Comply with our legal requirements
Address any issues or complaints that may arise
Recover any money you might owe us
Inform you of any new services that we have rolled out that may be of interest
There are instances where we have to share your information with other companies that we work with.
Our electronic identification providers, including Accuity and Experian
NB: Experian is used solely for the purposes of complying with our legal obligations it is not a credit reference check This may also mean sharing your information with: ASI our partner for processing payments and Royal Mail our partner for delivery services
Additionally, third parties can include those whose products and services we market to you (only where you have given permission to receive such messages).
We may also share your information with appropriate regulatory or legal authorities where we are obliged to do so by law.
Access to your data by us
Data in transit is protected with strong cryptography and security protocols used to safeguard sensitive client data during transmission over public/private network with encrypted connections like (HTTPS,SSL, TLS).
Data at rest is protected by encrypting sensitive files prior to storing them using strong encryption techniques.
Our employees are limited in their access to data so they only see what is necessary.
Data storage server networks are secured with firewalls, anti spyware and virus-detection programs. Applications, database file systems are secured from unauthorized access through multi levels of authorization, authentication and encrypted passwords. Our anti-virus programs capable of detecting, removing, and protecting against all known types of malicious software (for example, viruses, Trojans, worms, spyware, adware, and rootkits).
Devices are regularly inspected for tampering and detecting fraudulent devices.
We conduct regular back ups of data and all data is stored in the secured location after necessary encryption is applied.
Database backups are taken throughout the day at regular interval and are stored at the Datacentre .
Customer Files are encrypted and backed up throughout the day and stored at our Datacentre.
Only authorized employees have access to backup of client data
In the event of a request by you to erase your customer data, where permitted by law, we delete the data from the production database and then conduct a secondary deletion from the backup data storage.
You have a number of legal rights in relation to the information that we hold about you, including:a right of access to a copy of the information we hold on your account.You can do this by sending us an email or calling during office hours for any other details requests. a right to close your account. You can do this by logging in to your Account and clicking on the Deactivate button a right to prevent receiving direct marketing from us; you can do this by logging in your Account Information a right to get in touch with us if you notice that any information on your account is inaccurate or requires updating In the unlikely event of dissatisfaction with our data protection policies or to report a breach to us. Please contact email@example.com who is our Data Controller.
You also have a right to claim compensation for damages caused by a breach of the Act by filing a complaint with the Information Commissioner's Office at https://ico.org.uk/
To opt out of receiving marketing information, to simply update your details or to deactivate your account simply visit our website and login to your Account Information
You can change your personal account details at any time there, please be aware the original details are still recorded on our system to comply with our legal obligations as are any amendments.
Please be aware that when you are sending us documentation to satisfy our Compliance requests , the information you send over the internet is only safe if they've been encrypted. Therefore we cannot be responsible if your email is intercepted by any third party without your permission.
If you have found our company's website via an affiliate such as price comparison websites please note that we do not have control over their websites and request you read any terms that may have in place before entering any personal information on their site.
Companies outside the European Economic Area (EEA):
We might give your information to other companies based outside the EEA. For example, our development team are based in India
In any event where your personal information has to be shared we will make sure that any transfer of your data is compliant with data protection law.
If you want to know more about how your information is used, stored or simply to raise any queries with us in relation to your information, visit the Contact Us tab and either send us an email or call us.