Travelex Cash Passport cardholders will get a text when they dip below £100.
The service is available from today. It's free and comes with all new Travelex Cash Passports and can be used abroad immediately.
Cash Passport is available in seven currencies including US dollar and euro and offers a secure way to carry money abroad, make purchases or withdraw cash without incurring overseas usage charges
Customers can call Travelex, 24 hours a day, seven days a week, go online or visit a branch to reload their card with more money after they receive the alert.
Mark Horgan, MD of card and mobile payments at Travelex, said: “When you’re abroad the last thing you want to worry about is running out of foreign currency.
"Our customers already use an online and telephone balance enquiry service and, with the holiday season looming, we’re pleased to offer this new SMS service to help them relax and unwind. And many foreign ATMs also offer balance enquiry facilities too.”
There will be more mobile phone-led enhancements from Travelex and Monitise over the next 18 months. These will include topping up, balance requests by text, plus free applications for smartphones.
Monitise specialises in mobilising basic banking services such as balance checking, statements and small transfers. It has partnerships with over 240 financial institutions.
Advertisement
