ComBank introduces Pre-paid Travel Card | Sunday Observer

ComBank introduces Pre-paid Travel Card

The Commercial Bank of Ceylon has announced the launch of its latest card product, a Prepaid Travel Card to improve customer experience and convenience when travelling overseas.

Issued in collaboration with payment network Visa and issued in five currencies – US Dollar, Great Britain Pound, Euro, Singapore Dollar and Australian Dollar, the card has NFC and PIN compatibility, making it convenient and secure to be used around the world.

The card can be loaded up to the equivalent of the foreign exchange allowance the cardholder is entitled to when travelling overseas and can be topped-up again on subsequent overseas visits during the validity period of the card.

The card is issued subject to Exchange Management and Anti-Money Laundering regulations enforced in Sri Lanka, the Bank said.

The Prepaid Travel Card can be used for purchases, Internet transactions and to perform ATM withdrawals in foreign countries. The transactions will be billed to the customer’s prepaid account in the currency mentioned on the face of the travel card, and the cardholder will receive SMS notifications for every transaction. Customers can view their transaction details and the balance available in the card through Commercial Bank’s Online Banking facility and from the special web portal available on the Commercial Bank website.

“A pre-paid travel card is one of the safest and most convenient ways to carry funds while travelling overseas,” the Head of Commercial Bank’s Card Centre, Thusitha Suraweera said. “It can be used at any establishment that accepts credit and debit cards, as well as at ATMs which accept Visa Cards.”

An additional benefit of the card is the protection it offers the cardholder against fluctuations in exchange rates, he said.