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Sainsbury’s Travel Money Hosts Longest Ever, Two Month, Rate Sale

24 June 2014

 

This press release is information for journalists only and is not intended to be an advert to be acted upon by consumers.

With summer well and truly here, Sainsbury’s Bank is launching its longest ever rate sale, lasting for two months.
From 24th June until 25th August, customers purchasing Euros and US Dollars at any of its bureaux instore at Sainsbury’s across the UK will benefit from a special rate(1).

Nectar cardholders could also benefit from even better rates(2) by providing their card number when they make a purchase. In addition, Nectar points can also be collected on every order(3).

Through Sainsbury’s Bank’s Buy Back Plus(4), customers can exchange their unused foreign currency at the same rate they paid for it. Customers have 31 days from the date of purchase to return their unspent currency to the bank, with 0% commission. There is a charge of just £3.99 for this.

Ends

For more information, contact:

Lorna Gilmour, Sainsbury’s Bank on 0131 338 2863 / lorna.gilmour@sainsburysbank.co.uk
Emma Murphy, Citigate Dewe Rogerson on 0207 282 1072 / emma.murphy@citigatedr.co.uk

Notes to editors:
(1) Special rates calculated by reducing our retail margins on single purchase transactions of Euros and US Dollars. Must be bought instore. Offer is not available online or on phone orders.

(2) Exclusive rates for Nectar card holders are calculated by reducing our retail margins on single purchase transactions of Euros and US Dollars instore. A Nectar card must be presented at the time of purchase. Sainsbury’s Bank reserves the right to alter, cancel or withdraw this offer without prior notice.

(3) Nectar points may take up to 60 days to appear on your account. Customers can collect Nectar points on foreign currency and the Sainsbury’s Bank Cash Passport™ prepaid MasterCard® currency card and travellers’ cheques. The number of Nectar points collected is based on the value of the currency transaction: 5 points are collected for transactions between £0 and £249.99; 10 points for transactions between £250 and £499.99; 20 points for transactions between £500 and £799.99 and 50 points for transactions of £800 or more. A Nectar card must be presented at the time of purchase instore.

The Nectar loyalty programme is operated independently of Sainsbury’s Bank by Aimia Coalition Loyalty UK Ltd; and the collection and use of points is governed by the Nectar Collector Rules, set out in the registration pack and available at www.nectar.com. Sainsbury’s Bank reserves the right to alter, cancel or withdraw this offer without prior notice.

(4) Buy Back Plus Terms & Conditions – 1. Buy Back Plus is only available for purchase on foreign currency bank notes or travellers’ cheques from Sainsbury’s Travel Money bureaux. Buy Back Plus is not available with the purchase of Sainsbury’s Bank Cash Passport™ prepaid MasterCard® currency card, our home delivery service or telephone orders. 2. A £3.99 fee for Buy Back Plus will be applied to each item and each foreign currency in your order. Example: if you buy Euros as cash and Euros as travellers’ cheques, you will be charged a fee of £3.99 on each item, making the total due £7.98. If you also buy US Dollars as cash or travellers’ cheques, a third fee of £3.99 would apply making the total due £11.97. Should you decide not to purchase Buy Back Plus for your entire order, your purchase will be divided into separate transactions. 3. We do not buy back foreign currency coins. 4. You must return your unused foreign currency bank notes or travellers’ cheques within 31 days of the original transaction. 5. Any benefit to customers from Buy Back Plus is dependent on the difference between our sell rate at the time the currency is bought and our normal buy back rate at the time the currency is returned. 6. Buy Back Plus is non-transferable. You must bring your original receipt and this completed Buy Back Plus leaflet with you when you return your foreign currency. 7. The maximum value that can be returned cannot exceed the original amount purchased, (the maximum transaction value on Buy Back Plus is £5,000 instore, £2,500 online). 8. If your transaction is eligible for Nectar points, these points will be awarded on the net value of your order (i.e. the total Sterling value of the original transaction less the total Sterling value of the Buy Back Plus transaction). All points will be processed after the 31 day Buy Back Plus time limit has expired. 9. Buy Back Plus is provided by Travelex Agency Services Limited. Registered Office: 65 Kingsway, London WC2B 6TD. Registered in England and Wales under number 4621879. 10. Travelex reserves the right to change the terms of or withdraw Buy Back Plus at any time and with immediate effect, without liability to you.

Sainsbury’s Bank
To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre at www.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 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury’s Bank is a member of the Financial Services Compensation Scheme.
About Travelex: Travel Money online and in store 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 1,500 stores, including all the major airports. Travelex has over 1,250 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