ABA Travel Money Program
Travelex
| Program Description |
| Prepaid Currency Cards |
| Foreign Currency Services |
| Travelex CashPax |
| Program Contacts |
Travelex, the world's leading foreign exchange specialist, has provided travel money solutions to ABA member banks since 2005. Now through this relationship, member banks have the option to expand this program to include additional travel money products, including new prepaid currency cards and bundled currency Travelex CashPax™ wires, drafts and more.
If you are interested in learning more about the Travel Money Program, please contact Tracy Hammock at (502) 634-6344, ext. 6001, or email tracy.hammock@travelex.com.
Prepaid Currency Cards
Prepaid currency cards are instant-issue, point-of-sale debit cards with ATM capabilities and one of the most secure ways of carrying money abroad. The customer simply preloads and activates the card before traveling. Prepaid currency cards provide a great way to pay for traveling and destination expenses, and keep travel budgets in check.
Travelex Cash Passport™ is a prepaid MasterCard® currency card issued in Euros, British Pounds and US Dollars. This instant-issue, point-of-sale debit card with ATM capabilities is one of the most secure ways of carrying money abroad. Designed to replace travelers cheques, Cash Passport is PIN- and signature-protected and can be used to withdraw local currency at millions of ATMs worldwide. It is accepted for purchases at merchants, including online vendors. Cash Passport is reloadable and features around-the-clock worldwide replacement and customer support.
The cards come with the following benefits, free of charge:
- Zero Liability Protection—fraud protection
- Consumer Purchase Protection—90-day protection up to $500 in purchases
- Global Emergency Assistance Service—additional travel associated protection
Please click here for FAQs on Prepaid Currency Cards.
Foreign Currency Services
Travelex makes the purchase of foreign currency simple for any ABA member bank. Customers can order at the branch for pick-up, home delivery or right at home through the bank's Web site. Travelex ensures competitive rates for customers and supplies over 100 different currencies including exotic currencies, where applicable.
Travelex CashPax Ensures Your Customer Are Prepared with Local Currency
Complimenting the convenience of prepaid currency cards is Travelex CashPax, a convenient packet of foreign currency issued in small denominations. Available in Euros, Pounds, Yen, Australian & Canadian Dollars, and Mexican Pesos, CashPax provides a fast and easy-to-manage currency solution to simplify foreign exchange sales.
With Travelex CashPax, customers can have cash on hand to handle immediate expenses
such as buying a meal in the airport or taking a cab to a hotel. They won't be stranded if the airport ATM is unavailable or the local exchange bureau has closed.
Benefits to the bank:
- Earn incremental revenue with minimal investment and expense.
- Offer a value-added product targeted to existing and new customers.
- Provide a competitive advantage.
- Increase retention of your most profitable customers.
Benefits to bank customers:
- Offers the convenience of carrying local currency on hand upon arrival; expedites the travel experience by reducing time at airports
- Enhances customer confidence in becoming familiar with unfamiliar banknotes and coins
- Offers competitive rates on foreign currency prior to customer departure
More from Travelex
"My Travel Wallet" is the customer-facing multi-product online ordering solution. This application gets embedded into your bank's website enabling customers to place orders for foreign currency and prepaid cards.
"Currency Online" is the Web-based ordering system for placing orders for foreign currency, travelers cheques, prepaid currency cards, and foreign drafts. The teller simply generates a quote and places an order for branch or home delivery. The program can track management data by channel, currency, and branch.
PROGRAM CONTACTS
For more information about the Travelex Travel Money Program, please contact:
Tracy Hammock
Tel: (502) 634-6344, ext. 6001
Email: tracy.hammock@travelex.com
ABA CONTACTS
Monica Condon Tel: (202) 663-5475
Robin Gordon Tel: (202) 663-5128
Travel Card Travel Cards
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