Lloyds TSB unveils transfer card for Polish banking customers

Thu, 26 Apr 2007

Polish banking customers may be interested to learn that Lloyds TSB has introduced a new card that is designed to ease the process of sending money back home to parents.

The banking institution's money transfer card can be loaded with cash by the owner, before sending it to a close friend or family member in Poland.

Then, wherever they see the Visa sign, they will be able to use the card to make cash withdrawals or fund purchases depending upon their financing needs.

Unveiling the financial services product, Mark Cockburn, retail network director of Lloyds TSB Scotland, pointed out the sociological trends that have led to increased demand for Polish banking.

"In the past 12 months, we have experienced a surge in the number of new accounts being opened with over 120,000 new current accounts opened by Polish customers just last year," he said.

One reason for this rise may be the recent accession of Poland to the EU.

The eastern European country officially joined the EU on May 1st 2004 alongside nine other countries.

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