|London Underground Goes European|
Euro and Pound cash points installed across the London Underground Network
Transport for London (TfL) has teamed up with Raphaels Bank to introduce cash points at 70 London Underground (LU) stations which dispense both Pounds and Euros. The move is part of TfL’s work to modernise and improve the services available to customers across the transport network.
UK cardholders can withdraw sterling for free (however card charges may be imposed by the cardholder’s bank or credit card provider) from the distinctive new cash points, which are situated in prime locations across the LU network including Waterloo, London Bridge and King’s Cross St Pancras stations.
Euro withdrawals are commission free, with rates aimed at beating the largest currency exchange providers. Raphaels has also developed a website to make it easier for customers in London to find their nearest Euro ATM on the Tube – cashpointcompass.co.uk.
Raphaels Bank commissioned a survey in 2013 of 2,000 travellers and found that only 62 per cent of them 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.
Graeme Craig, Director of Commercial Development at TfL, said:
Beth Williams, Head of ATMs for Raphaels Bank, said:
With London being officially recognised as the most popular tourist destination in the world***, thanks to almost 17 million visitors last year, the partnership with Raphaels Bank will not only generate commercial revenue for TfL to reinvest back into the transport network, but will make it easier for visitors to the capital and those travelling to countries across Europe to access the currency they need.
TfL has been working with local, national and international retailers to provide a range of services to customers, and the partnership with Raphaels will provide a completely new service that benefits both Londoners and visitors to London. Over the past seven months, TfL has introduced a number of click and collect services as well as pop-up shops, bringing new and innovative retailers to customers using the transport network which is responsible for an average of over 11 million journeys every day.
July 15, 2014