Travelex and the Independent Community Bankers of America are expanding on their 20-year relationship by launching a new service for community banks, My Travel Wallet. My Travel Wallet allows consumers to purchase foreign travel cash and other international travel essentials online through community bank Web sites.
Through My Travel Wallet, community banking customers can choose from more than 70 foreign currencies, foreign currency travelers cheques and TravelSolve, a travel assistance program that provides access to a wide range of emergency, travel, financial and concierge services for a full 90 days — all for home delivery as quickly as overnight.
“Traditionally many community banks have had to choose between the expense and risk of offering foreign currency themselves, or referring customers to larger financial institutions to meet the needs of their customers. We feel that My Travel Wallet offers a better solution for the bank, while delivering enhanced convenience to the customer,” said Robert Gulledge, ICBA chairman.
“We are pleased to be able to offer this new service to ICBA members. My Travel Wallet strongly complements the existing Visa Travelers Cheque program and offers community banks the opportunity to broaden their foreign exchange services at no cost and with no impact on their branch operations,” Tom Tucker, Travelex senior vice president of sales development.
My Travel Wallet also features an unlimited exchange rate calculator and offers free 2-day shipping for orders over $500. Orders placed through My Travel Wallet can be paid for using a Visa or MasterCard credit or debit card.
ICBA is the primary voice for the nation’s community banks, representing 5,000 institutions at nearly 17,000 locations nationwide. Community banks are independently owned and operated and are characterized by attention to customer service, lower fees and small business, agricultural and consumer lending. ICBA’s members hold more than $486 billion in insured deposits, $592 billion in assets and more than $355 billion in loans for consumers, small businesses and farms. They employ nearly 239,000 citizens in the communities they serve. For more information, visit [http://www.icba.org].
Travelex, founded in 1976, is a diversified money business offering retail, corporate and commercial currency services to consumers, corporations and institutions throughout the world. The Travelex Group acquired Thomas Cook Global & Financial Services, the financial services division of Thomas Cook, on March 27, 2001, solidifying the company’s position as the world’s largest foreign currency specialist. Headquartered in London, Travelex is privately owned and employs approximately 5000 staff around the world. 3i, Europe’s largest venture capital company, is a 33% shareholder.