Thursday, January 28News For London

Tag: credit

Multi-currency bank card to help cut travel expenses

Business
Managing money while travelling or buying from foreign retailers online usually costs extra money. A virtual bank Revolut tries to cut such costs. “Every time you travel abroad and pay with your debit card, you lose money – about 30-40 euros, depending on the bank you use, for every 500 euros. We allow people to save these 30-40 euros,” Nickolay Storonsky, the founder of Revolut, said to Westminster World. Revolut is a British startup launched in July 2015.  The company produced a debit card with three accounts in different currencies – USD, EUR and GBP – and a mobile applications. Users need to download the app and order the card to be delivered home. The mobile application is used to top up in any of these currencies with a debit card or a bank transfer, and send money to other R