Sainsbury’s Bank Travel Money saw online orders for foreign exchange almost triple last Sunday.
The supermarket bank, that is committed to competitive rates and regular supplementary deals, reports that last week it received a 182% increase in online orders for travel money in comparison to a standard Sunday. Moreover, the transaction value was 33% higher than average.
Sainsbury’s Bank believes the rise, which has continued both in store and online this week, could partly, be as a result of holidaymakers seeking to secure current rates amongst concerns that the pound could fall further against the worth of the euro and dollar. The bank is encouraging anyone purchasing currency during periods of heightened volatility to make sure that they’re shopping around to secure the most effective deal.
Simon Taylor, from Sainsbury’s Travel Money, commented: “We saw an actual increase fashionable for foreign exchange on the weekend and into this week which we believe may partly be as a result volatility of Sterling and reports around economic uncertainty and the hot change to the UK’s credit standing. It’s impossible to assert when things will improve, so we’re committed to providing great rates for the Sainsbury’s shopper and at the moment in store, if a customer finds a much better rate advertised at a ‘walk-up’ bureau within 5-miles of a Sainsbury’s Bank bureau, we’ll offer to overcome it.
Sainsbury’s Travel Money provides customers with the choice of ordering foreign currencies online, over the telephone or in-store at some of the bank’s 126 bureaux at selected Sainsbury’s stores around the UK. Customers even have the benefit of ordering currency online or over the telephone and collecting it in-store or having it delivered on to their home
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