This means you have to sign for the package.Ĭash orders that exceed £2,500 will be sent in batches because that's the maximum value that can be insured for each delivery. When you buy your currency online, it's normally sent via Royal Mail's Special Delivery service. Are there restrictions on getting currency delivered? These are called closed currencies and you won't see them listed on travel money exchange sites. There are some currencies that can only be withdrawn when you're in the country you're travelling to. So if the pound-to-euro exchange rate is 1.15, you would need to pay £443.78 to get €500, as opposed to £450 to get €517.5. It's standard practice to order a round number of the destination currency so that it can be issued in notes alone. You can usually buy up to £7,500 worth of foreign currency with the best online holiday money brokers. But the total you're allowed to exchange depends on the travel money provider. Yes, you can buy most currencies online, including euros and dollars. This is why you need to compare the complete deal rather than just opting for a zero-fee travel money deal. However, instead of charging commission, they offer a less competitive exchange rate. Many companies advertise 0% commission to exchange money online or on the high street, but they are still charging you for their service (otherwise they would go out of business). Commission refers to the service fee that a currency exchange broker charges for exchanging your money. Can you get commission-free travel currency? You might get different rates from different providers on different days. Remember, exchange rates are constantly changing. You can find out more about travel money, best rates and other costs here. Special offers: Look out for travel money deals – time things right and you could get a higher exchange rate or free deliveryĬomparing offers in this way should allow you to find the best travel money exchange rate online before you go on holiday. Compare currency rates to make sure you get the best dealĭelivery charges: It's best to arrange your currency exchange online, but you need to keep an eye on the cost of having your holiday money delivered to your home The quicker you let us know, the quicker we can. For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call 08ĭownload Financial Services Compensation Scheme Information (172.High exchange rates: The higher the ratio, the more spending money you'll get for your holiday. If you are having trouble paying your money, rent or other bills, please speak to us as soon as possible. The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the credit union including their share of any joint account and not to each separate account. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). In respect of deposits, an eligible depositor is entitled to claim up to £85,000. Most depositors - including most individuals and small businesses - are covered by the scheme. The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Important Information about compensation arrangements from the FSCSĭiscovery Credit Union Limited is covered by the Financial Services Compensation Scheme (FSCS). Some changes to the details of the FSCS scheme came into effect on 3rd July 2015.įor further information about the scheme including the amounts covered and eligibility to claim, please refer to the FSCS website ( ) or call 08. The FSCS deposit protection limit changed to £75,000 from £85,000 on 1 January 2016 then back to £85,000 on 30th January 2017. Engage will however ensure that any funds received by you are held in a segregated account so that should we become insolvent your funds will be protected against claims made by our creditors. The official regulatory statement of compensation arrangements from the FSCS is set out below.Įngage Current Accounts and Prepaid cards are NOT covered by the FSCS. Your eligible deposits with Discovery Credit Union Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UKs deposit protection scheme. The FSCS will pay compensation to depositors if a credit union is unable to meet its financial obligations. Important information about compensation arrangementsĭiscovery Credit Union Limited (DCU) is a member of the Financial Services Compensation Scheme (FSCS).
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