Currensea opens wait checklist for travel income card – Finextra

Currensea, the UK’s very first travel income card linked right to your financial institution account, has opened their wait checklist ahead of their launch in early 2020.

Backed by a group of angel buyers and encouraged by Robin Terrell, ex Uk MD Amazon and Marc O’Brien ex CEO of Visa Uk, the card has been designed to get the tension out of travel income although giving an open, trustworthy and simple remedy.

Currensea is a new-to-marketplace travel currency card, connecting to your financial institution account, eradicating any concerns about travel income. The card will work by performing as an extension of your current account, allowing for you to shell out right from your financial institution account, getting rid of the will need to open a new account.

Intended with the natural environment in intellect, this eco-pleasant debit card is not only bio-degradable but has no concealed charges, no transaction charges and delivers competitive exchange rates.

James Lynn, CEO, Currensea suggests:
“We wished to provide a simple, value-powerful and clear card to marketplace and subsequent a study survey on in excess of eleven,000 members we located that the need was absolutely there. forty six % of Uk grown ups never want to open a new financial institution account with greater foreign currency rates due to the hassle and never essentially believe in new challenger banks. Currensea absolutely satisfies these requirements and is integrated with most Uk higher street financial institution accounts furnishing prospects with an quick, hassle-free selection.”

Currensea is assisting to embrace regulatory alter, subsequent the Uk federal government introducing Open up Banking restrictions, that delivers individuals a greater option of providers related to their financial institution.

“From conception, Currensea has been leveraging Open up Banking to give individuals with a far more clear remedy for travel currency. With the Opening Banking regulatory modifications coming into area, we were excited to be capable to get the job done with banks to style a merchandise precisely with the new restrictions in intellect. Lloyds were one particular of the very first banks to get the job done with us and the other higher street banks promptly adopted fit,” Lynn carries on. “We are excited to open our waitlist with hundreds signing up in just a pair of weeks.

We believe that anyone has the appropriate to accessibility their income abroad at a truthful fee and with no fees,” concludes Lynn.

Currensea is authorised by the Financial Conduct Authority and works by using the hottest financial institution stability and encryption technological innovation, so it is as safe as your financial institution.

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