Crown Currency Feedback

[kristieuk]

I just thought I would post my positive experience with Crown Currency. This is the first time I have used them, I ordered £500 of $ at just over 1.70 in January, and my $850 has just been delivered (a day early in fact) I limited the amount just as a precaution, but I'm so glad I did it given the $ at the moment. We don't fly until October, so I will look to get some more if the price is right.

I know this isn't for everyone and I full understand why people don't want to take a risk with their hard earned cash. I know many people have used them successfully too. I just wanted to add my experience for anyone who is thinking of using them in the future. The forward rates aren't great at the moment, but it's worth keeping an eye on.

 

[jopaly]

Good feedback, I agree that this isn't for everyone, but I've used them 3 times now without an issue and I am currently waiting for £1,500 of $ at 1.78 to the £ to be delivered in mid April.

I too will post on here when I receive my money.

 

[Trixster]

I have used them twice before and all money delivered on time. Am now waiting for my next delivery at $1.75 /£ in mid April.

Once again I agree it is not for everyone to have their money tied up and the chance of losing it.

 

[fuse04]

We used CCE three times last year with no problem and have placed two order this year, one at $1.77 the other at $1.75, dur for delivery in early May

 

[TCO]

Add me to the positve experience bunch, just had some delivered at $1.74 for our trip to New York on Friday

second time using them

 

[giggler]

Another fan here to join the Crown Currency love fest, used them about 5-6 times now and they have always delivered on time (if not a day or two early), with no issues, now awaiting another delivery in May.
would certainly recommend them to anyone

 

[natalielongstaff]

Add me to the fan club used them twice so far and would not hesitate in using them again !

 

[ZoeD]

I'm another fan have used them before and got a fantastic deal. Like everyone says it's not for everyone, I'm thinking of using them for this years trip as the $ rate is terrible at the moment. I've even convinced friends at work to use them.

 

[A&A OK]

Relieved to read all the possitive feedback as for the first time i have taken the plunge and booked £1500 worth at $1.75 for mid april
I have been watching CC for a few years and thought if they were dodgy the would have gone bust by now.
Fingers Crossed

 

[wayneg]

I have been watching CC for a few years and thought if they were dodgy the would have gone bust by now.
Fingers Crossed

Unfortunately past performance is not something to go on. Any company can have problems just look at Woolworths and numerous more.
Only use companies like Crown if you can afford to stand the loss if they did have problems as you would lose it all.
Many use these companies and good luck to anyone getting good rates but I like to give warnings on these threads, would hate for anyones holiday to be ruined for sake of gaining a few $'s.

 

[igk]

The more fantastic the rates they offer the more I would be nervous. I have said before I can't see how they can offer such good rates and make a profit.

Edit: I've posted this link before but I'd recommend anyone contemplating doing business with this company to have a read:
http://www.investorschronicle.co.uk/Columnists/NoFreeLunch/article/20090909/0873f056-9d2e-11de-b65c-0015171400aa/When-segregation-is-good.jsp

 

[Pootle]

I've also used them successfully in the past too but I was uneasy from the moment I first parted with my cash. Although it worked out for me on that occasion, I won't use them again.

 

[Neoshoegal]

We've used them on a few occassions in the past and it's always turned out excellent.
Since our last trip however we've been using the Fairfx card. We top it up when the rate is good on several occassions, always small amounts when we've got some spare, so it's not like all of the sudden you see £1000 go out of your account. We're happy with that system now

 

[Claire-Bear]

I'm using them for this summer based on lots of positive feedback from my colleagues at work

Their cancellation deals are the best I've seen.

 

[kristieuk]

I can understand why people are hesitant, and it's taken me a few years of looking to finally take the plunge. We have a Citibank $ account but this is not as good value as it used to be (you used to get the market rate for that day, now it is a couple of cents less). CC obviously make a profit by buying as many $$$ as they are able when the market is good - like when it was $2 - £ just over a year ago, and then selling those same $ at a lower rate. They must have some quite complicated formula for working it all out, but there are many currency traders out there who have been around for many years doing the same thing.

It is a risk, but so far as I am aware, so are currency cards - when the Amex travel card was out a few years ago I recall there being some proviso that in the unlikely event they went bust, you had no comeback on the money you had on the card. I don't know if FairFx is the same, but it won't have the same protection the FSA offer on savings.

I felt more comfortable doing £500 at a time - of course I would be gutted to lose £500 but it wouldn't mean we would go bankrupt or couldn't still go on holiday. If I was buying my dollars now, I would have been $140 worse off, so to me, it's worth a bit of a gamble. It's not for everyone I know.

 

[fuse04]

I felt more comfortable doing £500 at a time - of course I would be gutted to lose £500 but it wouldn't mean we would go bankrupt or couldn't still go on holiday. If I was buying my dollars now, I would have been $140 worse off, so to me, it's worth a bit of a gamble. It's not for everyone I know.

This is my approach, only spend what I can 'afford' to lose; currently saving $300.

 

[KemlynUltra]

I have used Crown Currency for a number of years now and the service is excellent. I even went so far as to use Crown get the best rates for my DVC point add on last year at Bay Lake which cost c£8000.