UK-based banking, exchange and investment app Ziglu has confirmed it’s launching a fee-free euro account which enables tourists and business travellers to spend without incurring currency exchange charges.
The account, which enriches Ziglu’s existing sterling current account, is being launched as COVID-19 travel restrictions ease, and will save money for tourists, British expats and business travellers in the Eurozone.
Mark Hipperson, Founder and CEO of Ziglu commented: “Using UK debit cards in the Eurozone can be extremely expensive, and the charges and commissions are hard to understand for customers and a massive profit for the banks that take advantage of them.
“We set out to challenge the big banks and challenger banks at their own game, using the world of digital currencies to financially empower our customers. Our euro account is the latest example of this, and will ensure that our customers have a bit more money to spend as travelling in the Eurozone becomes easier.”
Customers can utilise euro accounts and convert cash from their sterling account instantly and at highly competitive exchange rates, without any spreads, margins or commission added on.
As part of the offering, Ziglu customers do not need to carry a second card when using their Ziglu Mastercard debit card in the Eurozone, as it automatically takes funds from their euro account and without applying any hidden charges.
The new account expands the range of services from the fast-growing fintech, which includes interest-bearing investment accounts alongside its sterling current account and curated selection of cryptocurrencies.