[June 15, 2011] : The Currency Club Now Accepts Online Bank Transfers As Payment for Travel Money Purchases Tweet Jun 15, 2011 (M2 PRESSWIRE via COMTEX) -- Travel money provider, The Currency Club has launched a new payment method for members, allowing them to purchase larger amounts of travel currency online. Private and corporate clients can now use their online banking facility to order foreign exchange through its website. A wholly owned subsidiary of Sterling Consortium Limited, The Currency Club has championed sharp currency exchange rates since launching online last summer. The firm already offers a number of innovative best currency exchange functions, including a distinctive rate optimiser tool and dynamic exchange rates. Furthermore, the free same day delivery offering to London offices and free next day delivery to UK addresses nationwide has seen the company's presence throughout the forex market grow significantly since inception. The option to pay for travel money via an online bank transfer is an ideal solution for customers not wishing to incur a charge for their foreign currency purchases on a bank credit card or for those who need to overcome thresholds that may be imposed by their bank on debit card transactions. Research released this month by N&P (Norwich and Peterborough Building Society) revealed that the popularity of internet banking is on the rise with almost two thirds (62%) of people logging on to Internet banking at least once a week and one in five (18%) logging on every day. Overall, internet banking sites were the second most popular online destination for web users, easily beating sites such as Facebook and Twitter. This growing confidence in electronic money management makes online banking payments for travel currency an extremely convenient and effective way to purchase foreign currency. Sam Thakkar, co-founder of The Currency Club added, "We discovered that some of our clients have experienced thresholds of GBP1,500 on their debit cards from banks such as the Halifax (and other card providers within the HBOS group) when buying foreign currency. In order for them to still transact at the best currency exchange rates, we arranged for them to wire funds directly to our GBP Client Account via Faster Payments or CHAPS and upon receipt we dispatch the currency." "Since we launched, we have been thinking of how to make ordering travel currency online as seamless as possible. So many people use online banking these days, so it was a necessary implementation on our application." Rather than inputting credit or debit card details, customers wishing to pay via bank transfer can simply make a same day wire payment request, transfer the desired amount to The Currency Club and then wait for their travel money to be sent via free next day delivery. 780755208 Monies are dispatched when funds are received by The Currency Club. This alternative to payment via debit or credit card gives a new level of flexibility to internet shopping and allows those wishing to place large orders to get the best possible exchange rate by placing the entire order at the same time. To learn more about The Currency Club and to order securely online, visit http://www.thecurrencyclub.co.uk ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ]