TravelCurrency Inc Complaint

Wire Transfer to Costa Rica went bad, really bad

On November 9, 2006, I authorized Travel Currency, Inc. to debit $3,813.78 USD from my bank account to pay for a wire transfer to Costa Rica. I was informed by Travel Currency, Inc. that the transaction fee for the wire transfer would be $25.00 USD and that I would not be charged any other additional fees. After the transfer was made, I learned that Travel Currency, Inc. withdrew an additional $140.00 USD from my bank account and then sent the wire transfer 11 days later and only sent 3637.78 which was $176 short so I had to quickly send the balance of $176 by cashiers check to avoid losing the deal with the travel agency. This was a total of $292 that was stolen from me over and above the agreed upon $25 to complete the wire transfer. I attempted to obtain an explanation as to why the transfer fee withdrawn from my account exceeded the agreed upon $25.00, but Travel Agency never responded to my written requests..
I filed a complaint with the Better Business Bureau and found out that there were already several complaints against this rip-off artist named Rainey Threadgill in Fredericksburg Texas. I should have checked BBB first and I would have never touched this company. This is a total scam and he should relocate to Nigeria where he would fit right in.
I also contacted the Texas Attorney General's office and filed an affidavit with them on this case and was informed that there are other claims existing. Stay away from this company. The web site is WWW.TravelCurrency.com. Big trouble. BEWARE!!!!!!

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Reader Comments:

Posted by il60103 on 07/20/2007
FYI:
This company also goes by PurchaseCurrency (www.Purchasecurrency.com).


Posted by rainey on 06/26/2008
Rainey Threadgill's company has always sent our transfer safely. It sounds like this customer sent a wire transfer to a foreign country that the bank had trouble clear the transfer. We Robert Bosch LLC have sent money for years with this Rainey Threadgill company and have no problems. Rainey Treadgills company is registered with www.fincen.gov, Dunn

Posted by rainey on 06/26/2008
Rainey Threadgill employer Travel Currency has a A credit rating and is registered with www.dnb.com or Dunn

Posted by jeannette on 08/06/2008
I just completed a wire transfer through Travel Currency and had a much different experience. I used them since last year. They email me an order confirmation with the exact amount for my transfer, I have to accept the total before they can send the money. Wires have been very easy and the debits from my account are exactly what the company told me it would be. Your comment is pretty dated so I can only assume that your experience was not the normal. Good thing for me since I will use them for my wires to son in Uk. Internet is good for complaints but often can't find anything good about a site, I think this company does a good job for me.

Posted by dede on 08/31/2010
Travel Currency has always delivered our currency on time with a great rate, and we use it for all of our employees at Bosch

Posted by daniel on 08/31/2010
We were looking for a wire transfer company, our company used to go through banks, now we Currency Source and we deal with Rainey Threadgill. What a true professional!

Thanks,
Daniel R.




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