Coutts, a private bank and wealth manager, has introduced a new multi-currency debit card for HNW clients.
The company said that the new card will allow its clients to connect their existing debit card straight to up to 19 different currency accounts.
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The new offering will also allow Coutts clients to use just one debit card when travelling abroad, as the funds will automatically be debited from the relevant linked currency account.
Additionally, the company will not collect any currency conversion charges on the debit card.
In order to avail the new facility, Coutts’ clients will have to set up the card to activate the linking which can be done through one quick call to their banker, Coutts24 or through online banking.
Coutts head of UK banking Stuart Newey said: “We are extremely proud of this new innovative service for clients. We worked closely with Visa to deliver this new product and we continue to invest in digital products and services that reflect the complex and international lifestyles nature of our clients.
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By GlobalData“This is another example of us gearing our services based on what our clients say they want. We launched this last week and already more than 1,000 clients have signed up and we will be looking to expand the range of currencies available over the coming months."
