OTT banking platform Curve has unveiled Curve Send, enabling customers to transfer and receive money between various accounts free of charge and without any currency conversion fees.
Curve Send is the first feature Curve has launched that is not directly connected to the Curve card and is unique as, for the first time, it allows Curve customers to send money instantly and free of charge from any account connected to Curve directly into any other account – be it Monzo, Lloyds or Bank of America.
Diego Rivas, Curve’s Head of OS Product commented: “Customers want to send money to their friends and family with just a few touches. But with so many different options and the rise of challenger banks, the process is unnecessarily complicated, and customers end up having 3-4 apps just to send money.
“We wanted to make this whole process ten times easier for our customers. Now they have one simple, smart platform which can move money from any account to any account, securely and fee free.”
The launch seeks to elevate efficiency for customers, eradicating the potentially lengthy money transfer process experienced by many when they want to send money to their friends or peers using multiple bank accounts or multiple currencies.
The process Curve implements for money transfers seeks to be as simple as possible, requiring customers to simply open the Curve app, choose a contact and amount before selecting any of their bank cards from which to send the money.
Once the money has been sent, the recipient, if they are a Curve customer already, just has to select the bank card on which they would like to receive the money. If the recipient is not a Curve customer, they simply enter their bank card details or take a photo of their bank card via a link which will be shared by the sender.
Once complete, Curve will send the money directly to that bank account, fee free.
