Sunday, October 3, 2010

Tourists left without cash as currency company falters

http://www.telegraph.co.uk/travel/travelnews/8039164/Tourists-left-without-cash-as-currency-company-falters.html

Barclay's either didn't think ahead or didn't care about the people they were going to affect in the placing of their freeze order.
It's just one more example of the Bank comes first,and who gives a crap about those that are forced to suffer for the decisions they made


Crown Currency Exchange, one of the UK's largest personal currency exchange businesses, last night left hundreds of holidaymakers without any travel money after its bank accounts were frozen.


CCE, whose website boasts it is the "home of the best foreign exchange rates", was barred from withdrawing or transmitting any money to its customers after Barclays stepped in.


Barclays is understood to have acted to freeze the accounts after the company's directors told the bank it was in trouble.

The bank, which did not provide it with any foreign exchange services, has a legal obligation to freeze accounts in such instances to protect any funds on behalf of its creditors.