NatWest allows international money transfers by mobile phone
www.moneynews.co.uk > Banking > NatWest allows international money transfers by mobile phone
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NatWest allows international money transfers by mobile phone
Mon 22nd Dec 2008
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The scheme is initially aimed at Polish people and enables NatWest Welcome Account holders to transfer funds from their current account to a PKO BP bank account in Poland without charging any commission.
NatWest said it hopes to extend the service to other countries in the future.
Roy Vella, group director of Mobile, described the move as « innovative » and said that mobile hone banking is the fastest growing banking channel in the world.
He added: "Our research shows that the Polish community in the UK sends home a staggering £1 billion each year. We recognise that our customers want to move this money as cost effectively, securely and conveniently as possible."
According to the Office of National Statistics, an estimated 96,000 Polish people migrated to the UK last year.
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Related News : Banking |
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Related News : NatWest |
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