Bidvest launches bank-to-home forex delivery
Bidvest Bank has launched an online foreign exchange ordering system which enables foreign banknotes or card-based foreign currency to be delivered to its customers.
“As foreign currency specialists, we’re committed to constant innovation to ensure forex transactions are as consumer friendly as possible,” said Japie van Niekerk, managing director at Bidvest Bank.
Bidvest Bank clients can login, insert travel details and currency type and value, check the latest rand value and exchange rate, select a payment option, and decide whether to collect the currency from a Bidvest branch or have the currency delivered.
The bank said that the delivery charge (where appropriate) will also be shown to customers online.
In the initial phase of the new service, the only currencies for home delivery are US dollars, euros and British pounds, Bidvest said.
Those who are not yet clients of Bidvest Bank can also use the online service, however, FICA documentation has to be produced before the bank can hand over foreign banknotes or a loaded World Currency Card.
Existing customers with an up-to-date FICA profile can present their green bar-coded ID documents on delivery or collection of the forex.
“At this stage, the service is targeted only at individual travellers. A corporate version of the service is in development and will be launched in due course,” Van Niekerk said.
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