A new player has joined the online-banking market, the British Bank4you, which obtained the FCA licence in London. The bank has its headquarter there as well.
Online PR News – 17-August-2014 – London – Bank for you is an Internet banking service designed for those who often travel and need a worldwide banking solution. Bank 4 You has started its activity on European and Asian markets and is planning to expand it to the CIS countries, the Middle East, North and South America. Thus modern Bank4you will make it possible for its customers to get financial services on favorable terms, wherever they are. “We see our niche clear. First of all, our services are of interest to those, who spend a lot of time far from their homes and families, migrant workers,frequent travelers and students”, says Mr. Frank Schruhl, Regional Director DACH (Germany, Austria, Switzerland) Bank4YOU.
“We feel that the world today becomes global, people travel more and more often, go abroad for working or studying, but the banking system not always serves travelers at its best. That is the very reason why we have developed the idea of Bank4you. We create a reliable international financial service, which will be convenient and advantageous in use, wherever you are”, thinks Mr. Schruhl.
Financial services by Bank4you will be especially handy for smartphone and tablet users, because the main centre of interactions with the bank will be a thoroughly developed mobile application. Balance check, transaction tracking, sorting financial operations by types, transfers among cards, card blocking and unblocking – all this will be available via the application. Also, thanks to the geolocation targeting service, the application will become a necessary mean in searching for ATMs, restaurants, malls and hotels, where cardholders would get discounts. Thus, the mobile application will save time which the user otherwise would spend visiting offline branches.
The bank's main offline products will be Bank4YOU VISA/MasterCard Travel and Bank4YOU VISA/MasterCard Overseas payment cards. The release is scheduled for early October 2014.
«VISA Travel is a payment card, created specially for frequent travelers. We are establishing the broadest worldwide partnership network, the VISA Travel cardholders will be able to get discounts and special offers in restaurants, shops, hotels and entertainment centers around the globe. In the meantime, we are creating VISA Overseas particularly for migrant workers. If you have a job in the UK or any other European country, it is fairly difficult to remit money to your kin. VISA Overseas solves this problem. Our bank has developed a fast and effective way to transfer money for minimal fees”, explained Mr. Elliot de la Valiere, Managing Partner of Bank4YOU Europe.
The payment cards and Bank4you service will be available in 2 months. Customers will be able to order the Bank4you VISA payment card and download the mobile application to manage accounts and services by filling in the registration form at the bank's webpage http://bank4you.uk/.