First National Bank has launched South Africa’s first online retail foreign exchange, enabling prospective overseas travellers to buy their forex and have it delivered to their work addresses during business hours.
The new service, which is available on FNB’s Internet banking website, www.eBucks.com, enables overseas travellers to buy travellers cheques and foreign notes on-line up to 60 days in advance of their travel.
According to FNB, their transactions will be processed within minutes, providing that they have all the relevant information, and payment will be debited automatically to their selected FNB Internet banking accounts.
“Buying foreign exchange has never been easier,” says FNB Forex’s chief operating officer Louis Jordaan.
“Up till now, travellers could order their foreign exchange from certain banks or foreign currency providers, however they did not have the luxury of actually dealing on live exchange rates, also the ordering process was manual and usually took one day to complete. In most instances, they had to collect their foreign exchange from their banks,” says Jordaan. – I-Net Bridge