Starling Bank has issued a dual currency debit card which enables users to pay for purchases in either pounds or euros.
The app-controlled card feature goes live on the same day as Starling launches its Business Euro Account.
With the new account, clients can transfer money from their business account to their euro account with a single tap in the app. Account holders will be charged a flat fee of £2 per month. Transfers into the account will be made at the prevailing exchange rate, plus a 0.4% fee on the transaction value.
Business and personal customers need to open a Euro account to begin using the dual currency card. Their existing debit card can be switched on (in-app) to operate in either pounds or euros, depending on the currency of the transaction.
Anne Boden, CEO and founder of Starling Bank, says: “A single card that can buy things in both euros and pounds is long overdue and something that we know our customers will value both in their personal and business lives.
“Businesses of all sizes have customers and suppliers spread across different countries. Our new Business Euro Account will make a huge difference to these kinds of business customers, who are regularly carrying out international transactions whilst operating on a tight budget."