Seasons is designed to make the business of taking and spending money abroad much easier. Holiday money loaded onto the Seasons online account is held in sterling and is converted as each transaction is made, using highly competitive FX rates. Seasons challenges the travel money market status quo, removing the need to convert pounds before travelling abroad and providing customers with a cost-effective and innovative mobile product that is both simple and intuitive.
Seasons makes the planning and monitoring of holiday funds easy. Holidaymakers can manage their money on the move via the Seasons mobile app and online account, tracking their transactions and total spend in real time and in pounds.
By doing away with the need for holidaymakers to purchase large sums of local currency, Seasons eliminates the risk of over- or underestimating the amounts of each currency that will be needed for each trip and, as a result, avoids triggering more charges, either to buy more currency, or to buy-back sterling at the end of the trip. Instead, Seasons levies a modest 1% transaction fee in the Euro zone, or 1.5% in any other Visa-accepting country worldwide.
An independent study of 1,000
"Consumers are fed up of feeling like they're being duped by hidden fees, inflated FX rates and currency buy-back charges," comments
The new card and account lets travellers pay using a real-time Visa FX conversion rate, which cardholders can view live via the Seasons accompanying mobile app (Android and iPhone). "Seasons gives holidaymakers the best deal on the day by combining a highly competitive Visa FX rate with low overall fees, thus saving them money," adds Whiteside. "97% of research respondents agreed that getting the best possible rate was important, so we know this is going to be a popular feature."
"Too many holidaymakers are dogged by costly and inconvenient travel cards. Some have to get different cards for different currencies. Others have to dispose of existing cards and reapply for each trip in order to avoid additional fees. Many others have fiddly systems for managing multiple currencies on a single card, with high FX conversion rates as you move money between currencies. Seasons cardholders can simply add pounds to their card and go wherever they want."
"We are pioneering a shift away from one-hit-wonder travel cards," continues Whiteside. "All too often people come back from holiday with €20 on a card, take a hit to convert the cash into sterling and pay a £5 redemption fee to get the money back into their regular account. The card then gets thrown in a drawer, never to be used again. Seasons is a simpler and cheaper approach. Spend anywhere using the best rate available at that moment, continue spending without penalty when you get home and use the same card every time you go away."
Registration for Seasons, price comparison information, FAQs and other product information can be found at http://www.seasonstravelcard.com.
•Flexible Visa debit travel card and account•Sterling card to avoid complexity and buyback charges•Competitive FX rates using the Visa live currency exchange, commission free•Online portal with full card management and card block function•Mobile app for iPhone and Android keeps users connected all the time•Envelope facility to support effective money management and planning•Free additional card allows users to use the platform like a joint account or have a backup for lost/stolen cards•24-hour lost/stolen assistance and customer service•SMS message option that tells you about every spend, load and net sterling balance•Remote PIN number recovery, via Mobile app, online and IVR•
•2 card pack fee - free (if the first load is £100 or more, otherwise £5)•Replacement card/second companion card - £5•Monthly charge - free
•Via internet banking - free•Via BACS - free•Via debit card - Free for £250 and above (50p otherwise)
•Inactivity fee - free•Redemption fee - £2•Administration fee - free•SMS messages (balance, load and transaction details) - £0.05p
* Independent survey of 1,010
** Full list of functionality and fees: http://www.seasonstravelcard.com
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