London Underground offers commuters holiday cash

Wednesday, 16 Jul, 2014 0

Cashpoints dispensing Euros as well as pounds have been installed at 70 London Underground stations.

UK cardholders can withdraw sterling for free from the new ATMs and Euro withdrawals are commission free.

Transport for London, which has teamed up with Raphaels Bank to provide the machines, said they were aiming to beat rates offered by the largest currency exchange providers.

Raphaels Bank commissioned a survey of 2,000 travellers and found that only 62% bought currency in advance of their holidays.

"The service has been designed to make it easier for busy London workers, commuters and residents to be able to get their cash for local use as well as trips abroad," it said.

Graeme Craig, TfL director of commercial development, said: "As part of our ongoing plans to improve the services on offer for our customers, we have worked with Raphaels Bank to install these cash points at stations across our network.

"Millions of people use our network each year, including going to or from an airport, Eurostar and coach stations, and these machines have been installed to make it easier for people to access the currency they need."

The partnership with Raphaels Bank will generate commercial revenue for TfL to reinvest back into the transport network



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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