Coutts launches multi-currency debit card


Coutts launches multi-currency debit card

The card will enable Coutts to better serve its increasingly well-travelled client base.

Supporting individuals

13 December 2016

The new multi-currency debit card will enable Coutts clients to use just one debit card when travelling overseas.

 

The card will enable all of Coutts’ 76,000 clients to link their existing Debit Card straight to up to 19 different currency accounts. This means that when the client is travelling overseas they can use just the one Coutts debit card, and the funds will automatically be debited from the relevant linked currency account. No conversion charges will apply and the Debit Card will work like a local bank issued card. Coutts clients need to set up the card to activate the linking but this can be done through one quick call to their banker, Coutts24 or through online banking.

The card was launched following feedback from clients after Coutts asked them what they were looking for in a private bank. Coutts clients lead increasingly international lifestyles, often with second homes, or traveling for business as well as leisure. With some clients travelling as many as 24 times a year, they were spending up to thousands of pounds on non-sterling transactions.

Stuart Newey, Coutts Head of UK banking said:

“We are extremely proud of this new innovative service for clients. We worked closely with Visa to deliver this new product and we continue to invest in digital products and services that reflect the complex and international lifestyles nature of our clients. This is another example of us gearing our services based on what our clients say they want. We launched this last week and already more than 1,000 clients have signed up and we will be looking to expand the range of currencies available over the coming months."

Related articles

Coutts’ Million Pound Donors Report shows highest value in charitable donations since 2008

Charitable donations worth more than £1m are at their highest level since 2008 after £1.83bn was donated through 355 gifts to charitable causes or foundations in 2015, according to the latest Coutts Report which launched this week.

Coutts wins award for its philanthropy services

Coutts was named as winner of “Best Philanthropy Offering” at the WealthBriefing European Awards 2016 at the Guildhall in London last week.

Latest news

Q4 2016 RBS postcode lending

Lending data published today shows that RBS is a major supporter of the British economy.

Female entrepreneurs in South of England most likely to be labelled as ‘overbearing’, a ‘working mum’ or ‘ruthless’

NatWest research reveals 59 percent of female entrepreneurs in London have been branded with stereotypical gender labels when running their business.

The Start-up Loans Company joins forces with NatWest & Royal Bank of Scotland to fund British businesses

The Start Up Loans Company will join a handful of leading alternative finance firms in an exclusive partnership with a NatWest and Royal Bank of Scotland programme designed to help businesses access alternative sources of finance.

Set Tab for lightbox