Currensea, the UK’s first travel money card linked directly to your bank account, has opened their wait list ahead of their launch in early 2020.
Backed by a team of angel investors and advised by Robin Terrell, ex UK MD Amazon and Marc O’Brien ex CEO of Visa UK, the card has been designed to take the stress out of travel money whilst offering an open, honest and simple solution.
Currensea is a new-to-market travel currency card, connecting to your bank account, removing any worries about travel money. The card works by acting as an extension of your current account, allowing you to spend directly from your bank account, eliminating the need to open a new account.
Designed with the environment in mind, this eco-friendly debit card is not only bio-degradable but has no hidden fees, no transaction fees and offers competitive exchange rates.
James Lynn, CEO, Currensea says:
“We wanted to bring a simple, cost-effective and transparent card to market and following a research survey on over 11,000 participants we found that the demand was certainly there. 46 % of UK adults don’t want to open a new bank account with better foreign currency rates due to the hassle and don’t necessarily trust new challenger banks. Currensea certainly meets these needs and is integrated with most UK high street bank accounts providing customers with an easy, hassle-free option.”
Currensea is helping to embrace regulatory change, following the UK government introducing Open Banking regulations, that offers consumers a better choice of services connected to their bank.
“From conception, Currensea has been leveraging Open Banking to provide consumers with a more transparent solution for travel currency. With the Opening Banking regulatory changes coming into place, we were excited to be able to work with banks to design a product specifically with the new regulations in mind. Lloyds were one of the first banks to work with us and the other high street banks quickly followed suit,” Lynn continues. “We are excited to open our waitlist with hundreds signing up in just a couple of weeks.
We believe that everyone has the right to access their money abroad at a fair rate and without charges,” concludes Lynn.
Currensea is authorised by the Financial Conduct Authority and uses the latest bank security and encryption technology, so it’s as secure as your bank.