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Magna Financial Limited

Financial Ombudsman decision DRN-2346858 Not upheld

Not upheldoutcome, as published by the Ombudsman
£1,500redress stated in the decision
Thu Jan 07deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Service failure

In the Ombudsman’s words

Magna could have been clearer with regard to the exchange rate that would be used in the actual transferService failure

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-2346858.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.