Sainsbury’s opens milestone forex bureau
Sainsbury’s Bank has opened its 200th foreign exchange bureau, in Manchester.
The Salford bureau is the 34th to open this year and follows Sainsbury’s best ever month for travel money in July, which saw a 36% year-on-year increase in transactions.
Since opening its first bureau in west London in 2007, the Bank has dispensed over £1 billion in foreign currency and served more than five million customers.
The Bank’s travel money business has reported seven consecutive years of growth and in the year to March 14, it saw like-for-like growth in turnover of 24%.
Head of travel money Simon Taylor said: "The opening of our 200th bureau is a significant milestone in our strategy to grow our travel money business.
"We have an ambitious expansion strategy and hope to open many more bureaux by the end of 2016."
In April, Sainsbury’s Bank signed a direct contract with Western Union to provide its money transfer service in all existing and future bureaux.
In May, the Bank launched its first Multi-currency Cash PassportTM which allows customers to load up to seven different currencies in bureaux. Customers can manage their money online and via an app, as well as move funds between the currencies.
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
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism