Harrods Bank launches International Money Transfer Service
October 24 2016 - 3:00AM
Business Wire
Harrods Bank has today announced the launch of its International
Money Transfer (IMT) Service. The service, powered by World First,
will allow Harrods Bank customers to benefit from a simple, fast
and cost effective way to transfer money overseas.
Amidst ongoing rate uncertainty caused by currency fluctuations,
the new service will ensure Harrods Bank customers can take
advantage of World First’s competitive rates with the same level of
personal service and excellence that is synonymous with the Harrods
brand.
In partnering with World First, Harrods Bank is bringing the
innovative technology of a FinTech leader to its customers, while
ensuring the highest levels of service and trust. Together, the
award winning international payments service and Harrods Bank will
deliver a fully responsive microsite and trading platform that will
allow customers to send money abroad in different currencies from
the IMT portal at any time.
Simon Martin, Director of Distribution said: “Harrods Bank
customers bank with us from across the globe, and we are delighted
to be now able to offer them this new international money transfer
service. There are no fees for international transfers, and the
service offers competitive rates, alongside the peace of mind that
Harrods Bank provides.
Seth Harvey, Global Head of Partnerships at World First said:
“We’re delighted to partner with Harrods Bank, an organisation that
shares our mission of putting the customer experience at the
forefront of everything we do. Today’s announcement is also a great
example of how heritage brands like Harrods are collaborating with
FinTech specialists like World First to combine great technology
with exceptional client service to provide clients with an
industry-leading solution for international transfers”.
The Harrods Bank IMT service is open to all personal customers
based in the EEA. The minimum transfer limit is £1,000.
About Harrods Bank International Money Transfer
Harrods Bank International Money Transfer is provided by World
First, the award-winning foreign exchange company. World First UK
Limited is authorised by the Financial Conduct Authority ("FCA") as
an Electronic Money Institution under the Electronic Money
Regulations 2011.
About Harrods Bank
Founded in 1893 Harrods Bank focuses on the quality for which
the world-renowned Knightsbridge store is famous: exceptional
quality and customer service.
With an ethos based on traditional values, the Bank is also at
the forefront of banking technology and practices, while
maintaining the highest ethical and security standards.
The bank’s personal and bespoke service allows its team to cater
for each customer’s exact needs through each a relationship
manager. As well as the sale of gold products Harrods Bank provides
current accounts, savings, mortgages, travel money and business
accounts.
About World First
World First is market-leading, award-winning, rapidly-growing
international FinTech business. Expert in international currencies
and money transfer, World First combines specialist knowledge of
foreign exchange markets with technological innovation to help
individuals and businesses manage cross border currency payments
quickly, securely and transparently. A specialist alternative to
traditional banks’ generalist approach, World First has
successfully exchanged more than £40bn for over 100,000 individuals
and businesses since 2004. World First’s corporate and e-commerce
desks enable SMEs and online marketplace traders to expand
internationally via a specialist and personalised service
proposition and bespoke technology. We call these businesses
‘mini-multinationals’.
World First employs c.550 people across 6 international offices
of London, Amsterdam, Sydney, Austin, Singapore and Hong Kong with
plans for further expansion into new countries. World First has
strategic partnerships with over 20 businesses including Virgin
Money, News International, Le Figaro and The Australian. World
First has licences to service clients in over 45 countries.
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For media inquiries:Water & Wall GroupMatthew
Kirdahy, 212-343-2366matt@w.group