1/5
Registered currency exchange service in UK. My first & only experience (as an international client) was through their intermediary bank service (IFX payments) in UK.
I knew my sending bank will charge a processing fee but I was assured by Regency FX that my receiving bank won't charge a processing fee, however, I wasn't only charged a fee, I was also charged a currency exchange fee in UK. Moreover, Regency FX competitive exchange rate dropped once I deposited funds in UK (My bad, I should have discussed locking-in the rate before deposit). Their services are avaialbe only during wokring hours, not weekends or holidays, and there is no webiste or mobile application that would give live exchange rate or even allow transfer of funds from UK. Witout 24/7 live rate or instant e-transfer, the service won't work for an international client!
UPDATE: after 4 weeks of funds deposit in UK, I was charged a processing fee at my sending bank by the intermediary bank. That’s unacceptable because I was assured that there won’t be any hidden fees.
To recap my experience: I got charged a processing at both my sending/ receiving banks which is expected, a fee for exchange in UK with a BAD EXCHANGE RATE which is unexpected and another processing fee (4weeks later) by Intermediary bank (IFX payments) which is unacceptable. Today, I confirm their service isn’t recommended at all for an international wire transfers.