Sainsbury’s Bank, this week launches a new travel money bureau in Sainsbury’s flagship Greenwich store, taking its total travel money estate to 122 bureaux. The supermarket bank will provide a convenient way for the community and tourists passing through to collect their foreign currency in-store, offering increased choice and competitive exchange rates before jetting off from this European travel hub.
The launch, ahead of this year’s summer sporting events and busy tourist season, follows a period of steady growth of the bank’s in-store travel money estate and is testament to customer demand; European travel proving particularly popular as many travellers took advantage of the double Bank holiday and extended Jubilee celebrations. The 1st June was the Bank’s best ever day for travel money sales and during March, April and May 2012, 81% more Euros were sold year on year(2).
The bank believes the surge in Euro transactions could be in part due to large numbers of holidaymakers purchasing currency well in advance to take advantage of favourable exchange rates.
The new Sainsbury’s Travel Money bureau will be open seven days a week; giving customers the option to purchase their currency from a strong, trusted brand in the centre of their community, they have the choice to either pick up currencies in-store or order in advance online and collect it in-store whenever is most convenient for them.
David Barrett, of Sainsbury’s Travel Money said: “The creation of our new bureau follows a period of sustained growth for our travel money division. We’ve created a product and service that gives our customers the convenience of being able to collect their foreign currency in-store while doing their weekly shop or when they’re in picking up their holiday essentials.
“We’re very pleased that the new branch will be open in time for the summer tourist season. With record numbers of visitors expected in London this year, we’re in a great position to offer our services to holidaymakers coming to the UK, in addition to our loyal customers.
“We strive to provide our customers with consistently competitive rates and a high standard of customer service and we are pleased that we will now be offering this to our customers in Greenwich.”
Sainsbury’s Bank Travel Money customers can also access its products and services online or over the phone. Customers can benefit from services including next-day delivery of their foreign currency to their billing address, if ordered online before 2pm from Monday to Thursday. Plus, free delivery is available for online and phone orders over £500(3).
For more information on Sainsbury’s Bank Travel Money log onto www.sainsburysbank.co.uk, or call 0845 301 2724.
Travel Money online and instore is provided by Travelex Agency Services Limited.
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For mor information please contact:
Ian Morris 020 7282 1037 / 2842
/ Natasha Virtue 0131 338 2974
Notes to editors
(1)Year on year travel money turnover 2011/2012
(2)Based on total currency transactions between March and May 2012, compared against the same period for the previous year.
(3) Delivery charges apply: £4.75 on minimum orders of £100-£299.99; £2.35 on orders of £300-£499; and free delivery on orders of £500 or more. A £1.99 administration fee applies to all online orders under £100 for collection in store, orders above £100 can be collected in store free of charge. Seewww.sainsburysbank.co.uk for full details and terms and conditions.
To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre atwww.sainsburysbank.co.uk/media
Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top Best Buy tables and regularly win awards for quality, price and service.
Sainsbury’s Bank recent awards in 2012 include Best Personal Loan Provider, Consumer Moneyfacts; Best Low Rate Credit Card Provider and Best Credit Card Provider for use abroad (Gold Credit Card), Moneynet; Best Loan Provider, Moneysupermarket Supers.
2011 awards include Best Overall Online Provider, Best Online Pet Insurance Provider, Best Online Personal Loan Provider and Best Direct Home Insurance Provider at the Your Money Awards. It was also named Most Competitive Term Assurance Direct Provider by Moneyfacts.
Sainsbury’s Bank is a joint venture between J. Sainsbury plc and Lloyds Banking Group.
For further information and general Sainsbury’s Bank enquiries, customers can call the freephone number on 0500 40 50 60 or visit www.sainsburysbank.co.uk
Travel Money online and instore is provided by Travelex Agency Services Limited, registered number 4621879. Sainsbury’s Travel Money ordered by telephone is provided by Travelex Currency Services Limited, registered number 03797356. Registered office for both companies: 65 Kingsway, London WC2B 6TD.
Travelex In 1976, Lloyd Dorfman opened the first Travelex Bureau de Change on Southampton Row, London. He is now the Chairman of the world’s leading foreign exchange specialists. We trade in over 80 currencies and in 25 countries.
Customers can find Travelex online and in over 1,000 stores, including all the major airports. Travelex has over 500 ATMs around the world and takes care of foreign currency services for partners including banks, supermarkets and travel agencies, extending our reach to over 100 countries and 20,000 locations.
Travelex continues to grow the geographic reach, both organically and through targeted acquisitions in growth markets. Recent acquisitions include FX Africa in South Africa and Grupo Confidence, the largest consumer foreign exchange specialist in Brazil. www.travelex.co.uk
Cash Passport: Cash Passport™ is issued by R. Raphael & Sons plc, pursuant to license by MasterCard International. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.www.cashpassport.com
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