Product category:
Banking / credit / debt
News Release from: Barclays Group | Subject: Banking
Edited by the Insidemoneytalk Editorial
Team on 27 July 2007
Barclays launches pre-pay Travel Money
Card - offering a secure way to spend
money overseas
Barclays has launched a new free and secure pre-pay chip and PIN card which can be used throughout the world at cash machines and anywhere VISA is accepted.
The Travel Money Card is free to purchase and load with money from the equivalent of £100 to £2,500 and is available in British pounds, US dollars or Euros Andrew Jones, Barclays current and savings account director, said: "The Barclays travel card is the most convenient and safest way to carry foreign currency: it's safer than cash and more flexible than travellers' cheques"
This article was originally published on Insidemoneytalk on 22 Feb 2007 at 8.00am (UK)
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"Furthermore it helps holidaymakers budget for the spending on their trip by not allowing them to spend more than the balance on the card".
"The added security features give card holders the peace of mind that their money is protected and with its VISA status it is accepted across the globe." The card is personalised with the customer's name, unique card number and signature and uses chip and PIN technology.
It stands alone from any bank accounts and cannot go into a negative balance so minimises the risk of fraud.
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However card holders are protected by Barclays fraud guarantee meaning that if they are an innocent victim of fraud any lost funds will be refunded to them.
Using the Barclays Travel Money Card will encounter no charges when used in its set currency for purchases.
Withdrawals from ATMs will incur a two per cent fee (minimum £1.50).
The balance can be checked 24/7 by telephone or at ATMs and can be topped up in any Barclays branch with cash, debit or credit cards or via the 24 hour telephone service with a debit or credit card.
Full features of the Barclays Pre-Pay Travel Card: Free to purchase, Free to load with funds, Can be loaded with £100 to £2,500 at any Barclays branch or 24/7 via telephone using debit card, credit card or direct from Barclays bank account.
Funds are available instantly.
Apply in branch.
Two forms of ID needed.
Non-Barclays customers will need to complete a brief customer profile with a personal banker.
Can be purchased in GB £, US $ or Euros but spent in any country in any currency.
Acceptable worldwide as VISA both at ATMs and point of sale.
Overseas ATM charge of 2% (minimum £1.50).
Currency conversion charge of 2.75% when spent in a different currency.
Secure with chip and PIN technology and Barclays Fraud Guarantee.
Check balance 24/7 via telephone or at participating ATM machines.
Lost and stolen emergency service (24h cash replacement NOT card replacement).
Re-usable and re-loadable.
£5 redemption fee.
For more information go to www.barclays.co.uk/travelmoneycard For more information contact: Elizabeth HollowayRetail Banking PR Managert: +44 (0)20 7116 6229m: +44 (0)07917 503277e: elizabeth.holloway@barclays.com Andrew McDougallRetail Banking PR Managert: +44 (0)20 7116 6159m: +44 (0)7775 547302e: andrew.mcdougall@barclays.com.
About Barclays: Barclays PLC is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services.
We are one of the largest financial services companies in the world by market capitalisation.
Operating in over 50 countries and employing 123,000 people, we move, lend, invest and protect money for over 27 million customers and clients worldwide.
With over 300 years of history and expertise in banking, Barclays PLC has six major businesses.
UK Banking delivers banking products and services to over 14 million retail customers and 780,000 businesses in the UK.
Barclaycard is one of the leading credit card businesses in Europe, and has 9.8 million UK customers and 6.4 million international cards in issue.
Barclays International Retail and Commercial Banking operations have over 2 million international clients, in geographies which currently include France, Spain, Portugal, Italy, India, Africa and the Middle East.
Absa has an additional 8.3 million retail customers in South Africa.
Barclays Capital, the investment banking division, provides corporate, institutional and government clients with solutions to their financing and risk management needs.
Barclays Global Investors is one of the world's largest asset managers and a leading provider of investment management products and services.
Total assets under management at 31st December 2006 were $1.8 trillion.
Barclays Wealth serves affluent, high net worth and intermediary clients worldwide, providing private banking, asset management, stockbroking, offshore banking, wealth structuring and financial planning services.
At 31st December 2006, total client assets were ?93.0 billion.
25 July 2007.
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