Fintech agency Currensea has opened the wait listing for its new journey cash card, the primary within the UK to be linked on to customers’ financial institution accounts.
The cardboard is designed to work as an extension of a present account, permitting prospects to spend cash overseas with out having to open a brand new account. There shall be no transaction or withdrawal charges, and the Fintech says it’s going to supply “aggressive trade charges”.
Currensea is backed by a staff of angel traders, and is suggested by former UK managing director of Amazon and ex-chief government of Visa UK, Marc O’Brien.
A number of challenger banks together with Monzo, Starling and Revolut have launched playing cards with no transaction charges overseas and aggressive trade charges, however all require prospects to open an account with them.
Revolut and Monzo cost prospects a price in the event that they withdraw greater than £200 value of money overseas in a month. Starling financial institution doesn’t cost for withdrawals.
Currensea chief government James Lynn stated there was shopper demand for a journey card that was “built-in with most UK excessive avenue financial institution accounts”.
“We imagine that everybody has the suitable to entry their cash overseas at a good charge and with out costs,” added Lynn.
Foremost picture credit score: Currensea