Citi offers fee free online money transfers to Poland
Monday, 10 Sep 2007 17:01
Citibank launches free Polish money transfers
Citibank is to offer fee free money transfers to Poland for the UK's estimated one million Poles.
The joint offer from Citibank and its Polish sister Citi Handlowy allows Poles to transfer money to Poland with only Citibank exchange rates applying to transfers and transactions across currencies.
The Citibank Easy Account offers Poles in the UK instant online transfers to Poland, no monthly fee for account maintenance and a Visa debit card.
Meanwhile Citibank has launched a new account service that allows potential UK customers to open a current account for a relative with Citi Handlowy without the need to visit the bank's branch in Poland.
Ian Kerr, Citi UK consumer business manager, said: "The 'One Citi' strategy is aimed at strengthening co-operation between business lines and between countries.
"The fact that today we can announce the launch of the UK's first 'one bank' service for Poles living and working in the UK is a direct outcome of the implementation of this strategy."
Agnieszka Burban, housing association worker in London, who moved from Poland in 2004, said: "I think its great news for all Poles sending money back to Poland. It must make their lives easier."
Figures from Polish Ministry of Finance reveal in 2006 Polish immigrants sent €4.5 billion to their families in Poland from around the world.