The Currency Account Blog

Rishi Patel, Founder of The Currency Account.

Opening a Currency Account should take five minutes, not fifteen days

I was shocked to read last week that banks were telling their customers they had to wait for two weeks before opening a foreign currency account!   Bloomberg last week interviewed a range of economists, asking them about the impact of Brexit on the UK’s financial market. Nearly three-quarters of them predicted the country is..
by Rishi Patel, Founder of The.. | 18/07/2016
Rishi Patel, Founder of The Currency Account

My fears for Brexit: Talent will go, talent will not come.

As founder of The Currency Account, I am proud to be part of FinTech. In my view it is one of the most promising sectors out there, and London is arguably the leading hub in the world. In a post-Brexit UK however, this would soon be over.   Fundamental to the success of the technology-led FinTech industry is talent. Access to..
by Rishi Patel, Founder of The.. | 16/06/2016
Rishi Patel, Founder of The Currency Account

My fears for Brexit: The Pound collapse is the least of your problems

As an entrepreneur and a founder in FinTech specifically, I definitely have thoughts about the impact of a potential Brexit, and none of them are positive. As a man who spends all day trying to deliver the best possible currency experience to my customers, the view isn’t any better.   Given the nature of my business, The..
by Rishi Patel, Founder of The.. | 15/06/2016
Rishi Patel, Founder of The Currency Account.

My currency converter is lying to me

We have all been there. You’re going on holiday, quickly check a currency converter online, to then find out that the rate you’re receiving from your bank is much worse.   Why this difference between online currency converters and the bank’s exchange rate? The explanation is simple. The independent currency..
by Rishi Patel, Founder of The.. | 31/05/2016
Rishi Patel, Founder of The Currency Account.

Stop hidden fees: Billions of Pounds are

Stop hidden fees: Billions of Pounds are ‘lost’ every year   In a recent post I mentioned that for decades we have been forced to pay extortionate fees and mark-ups for foreign currency. To illustrate just how big the problem is, some numbers.   Every year, UK holidaymakers and business travellers lose no..
by Rishi Patel, Founder of The.. | 23/02/2016
1 of 2