Coutts Launches Multi-Currency Debit Card With Zero Fees

Josh O'Neill

13 December 2016

-owned firm decided to launch the card following feedback from clients after they were asked what they were looking for in a private bank. Coutts' clients lead increasingly international lifestyles and often have second homes, with the bank's ultra-high net worth clients travelling as much as 24 times a year. Some of these clients were accumulating fees that could run into the thousands.

“We worked closely with Visa to deliver this new product and we continue to invest in digital products and services that reflect the complex and international lifestyles nature of our clients,” said Stuart Newey, head of UK banking, adding: “This is another example of us gearing our services based on what our clients say they want. We launched this last week and already more than 1,000 clients have signed up and we will be looking to expand the range of currencies available over the coming months.”