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Metro Bank launches High Street leading rates for travel money

13th July 2011

As summer gets under way, Metro Bank adds Travel Money to its customer friendly product range
Buy and Sell rates for Euros and Dollars top other High Street bank offerings and other leading competitors*
Euros and Dollars available on the spot

Metro Bank’s Travel Money arrives on time for the holiday season! Customers can start to enjoy their holidays before they even leave the country with the best foreign currency rates for Euros and Dollars on the High Street. Customers and non-customers can now purchase their holiday money in any of Metro Bank’s eight stores across Greater London.

Euros and Dollars are available for collection on the spot in store, with all other currencies available to order for store collection the next day. Metro Bank Travel Money is commission free and Metro Bank will be happy to buy back any unused currency in any of the 8 stores.  And in a bid to ensure Metro Bank offers customers the best service on the High Street as well as competitive rates, it has topped all other High Street banks and leading competitors for its Buy and Sell rates for Euros and Dollars.

*Table one: Metro Bank Travel Money rates compared to leading High Street competitors

Bank Currency Sell Rate £100 gives you
Metro Bank 1.1068 110.68
$ 1.5562 155.62
Barclays 1.0737 107.37
$ 1.5153 151.53
Lloyds TSB 1.0771 107.71
$ 1.5097 150.97
NatWest 1.0746 107.46
$ 1.5056 150.56
RBS 1.0600 106.00
$ 1.5200 152.00
Post Office 1.1063 110.63
$ 1.5489 154.89
M&S Money 1.0920 109.20
$ 1.5452 154.52
Halifax 1.0845 108.45
$ 1.5185 151.85

Source: Metro Bank, correct as of 13/07/2011

Craig Donaldson, Chief Executive Officer at Metro Bank, said: “Our Travel Money product is another example of understanding what customers want and giving it to them, We currently offer the best value for Euros and Dollars, compared to other leading High Street banks and competitors, as well as this we can order any other currency for pick up in one of our 8 stores for the next day. As Metro Bank approaches its first birthday we are maintaining the promise we made on day 1 to keep the customer at the heart of everything we do.”

Metro Bank’s eight stores are located in Holborn, Boreham Wood, Fulham Broadway, Earls Court, High Street Kensington, Tottenham Court Road, Croydon and Bromley.