investec

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farmerette

Registered User
Messages
177
whats the story with this crowd , are they foreign owned ?

do they operate outside the goverment backed deposit guarentee ?

do they allow you open accounts in foreign currencys other than the usual sterling and dollar ?

cheers
 
thier must be a catch , do they offer less favourable rates when making currency transactions compared to most hight street banks
 
Why not ring Investec and ask for a FX quote and compare it to the current spot rate.
 
You dont need to use them to do the foreign exchange part. You can use another company for FX and transfer to your Investec account. The come under the UK guarantee which is been increased I think.

They have online accounts and paper accounts I am told. From What I am told their use of sending user names by email and passwords by text does not sound very secure, and I for one would not trust my savings to such a system. Considering the lengths banks like RABO and NIB go to give you good online security, I will be going with the paper account with Investec if I choose to go ahead with them.
 
Yes, the UK government guarantee changes to 100,000 EUR from January 1st 2011.

Investec paper accounts pay different rates to their online accounts for some products.
 

can you recomend any particular company who offer keen currency transaction rates
 
I used currency.ie before. You can haggle for better rates with whoever you deal with including Investec
 
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