Knight Frank, the property consultancy, is providing its 2,220 UK staff an organization branded, money-saving debit card which permits them to make charitable donations and cut back overseas trade charges when spending overseas. The partnership with Currensea, which has created the open banking-enabled debit card linked to present financial institution accounts, launches in the present day to be used within the UK and overseas.
The Knight Frank branded card has been made obtainable to all UK staff as a part of an up to date advantages bundle, coinciding with the appointment of William Beardmore-Grey as new Chairman.
Currensea makes use of open banking to attach on to somebody’s checking account with their approval, permitting travellers to make abroad transactions instantly from funds of their present account.
Currensea’s card permits customers to entry the perfect overseas trade (FX) charges at solely 0% to 0.5% above the FX base price. With excessive avenue banks sometimes charging 3-5% per transaction overseas, providing customers financial savings of at the least 85% on each abroad transaction as they keep away from the conventional charges charged by banks and different card – prospects can then decide to donate all or a part of these financial savings to charity. For instance, a person spending $1500 whereas visiting the USA can select to contribute 50% of their financial savings – over £20 – whereas nonetheless saving cash on overseas trade
Knight Frank staff may even be capable of donate to charity by rounding up spending to the closest 5p within the UK. All donations will go to Surfers In opposition to Sewage, a marine conservation charity, with Present Help added on high.
As the typical charitable donation utilizing the Currensea card is as much as £30, whole annual donations may exceed £66,000 if all Knight Frank’s UK staff go for the cardboard of their advantages bundle.
That is Currensea’s first company partnership and the newest in Currensea’s distinctive ‘powered by’ programme which permits companies and charities to challenge branded playing cards for customers to roundup UK spending and convert financial savings made on abroad spending into charity donations. Different partnerships embrace St Martin-in-the-Fields, a charity supporting the work of the enduring central London church together with serving to ladies transfer away from homelessness.
Will Beardmore-Grey, senior companion and group chair, Knight Frank commented: “We’re delighted to introduce Currensea at Knight Frank. The introduction of the scheme helps our ESG ambitions as we turn out to be the primary company companion to supply the charitable giving function – permitting our folks to donate some, or all of their trade price financial savings to an excellent trigger and one near our hearts, Surfers In opposition to Sewage.”
James Lynn, Co-Founding father of Currensea, feedback: “Knight Frank’s new worker advantages bundle is a good instance of how organisations can introduce initiatives that encourage staff to help very important causes near their hearts, while additionally saving cash themselves. A branded card additionally supplies a novel advertising profit for Knight Frank, showcasing the agency and worker engagement by spend.”
“That is our first company partnership for the reason that launch of ‘powered-by’ and we’re very excited to work alongside Knight Frank to create a workers profit distinctive to the UK. As journey returns to pre-pandemic normality and tens of millions throughout the UK plan their summer season journeys, Currensea customers can keep away from the excessive overseas trade charges they sometimes face when spending overseas – opting to donate some or the entire financial savings they make to Surfers In opposition to Sewage, a charity doing massively essential work that additionally echoes our beliefs round sustainability.
“Equally, rounding up spending is an easy method of supporting the causes all of us care about, with a small contribution making an enormous distinction when each worker’s donation is taken under consideration.”
Joanne Dewar, Vice Chair at International Processing Providers (GPS), mentioned: “International CSR statistics more and more spotlight the worth staff place on their corporations main with objective and benefitting the world round them, and this newest initiative from Currensea is doing simply that, whereas offering a bonus of decreased overseas trade charges for end-users. That’s why we’re delighted to proceed our help of the corporate’s ‘powered by’ initiative. Currensea goes from power to power with its dynamic new choices powered by our API-first cloud-based platform and this transfer into the company gifting house isn’t any completely different. The long run is extremely thrilling for our partnership, and we stay up for serving to the Currensea group convey new merchandise to market which have monetary empowerment on the coronary heart of the operation.”