Ivobank adds International Money Transfer service to its products portfolio.
UK online bank offers this low cost service, the system will allow Ivobank customers to transfer money and pay bills across borders and currencies with ease, safety and efficiency.
Account holders will now be able to transfer money from their online account to any bank account in the UK, Austria, Spain, Italy, the Netherlands, Germany and Ireland using the free three day transfer.
Unlike other international money transfer services, Ivobank only charges a foreign exchange rate fee of 1.7%. No other commission or currency fees are charged, and payments reach the destination account in three days. Being a UK-based bank, Ivobank is regulated by the FSA and customers earn money on their deposits until the money is transferred.
“The launch of our International Money Transfer service is a new and exciting development for Ivobank,” says Martin Peterlechner, director of Commercial Development, Ivobank. “People with homes abroad, students and those working abroad are calling out for an uncomplicated, quick money transfer service with no hidden charges. Our service fits the bill.”
“Essentially, Ivobank has decided to launch an International Money Transfer system to ensure that people get a good deal on money transfers. Existing services can be expensive, and now more than ever, people need to avoid wasting money on transfer fees. This is an ideal opportunity for Ivobank to step into this market and provide people with a service to rival others.”
L.D.