Sainsbury’s bank was established in 1997 by one of the largest supermarket chains in the UK – Sainsbury. Before 2013, Lloyds Bank had a share in the business. ,similarly to Tesco Bank (formed in ’98 with RBS). The bank offers a variety of banking services including UK’s longest 0 percent credit card .
Sainsbury’s Bank Exchange Rates Overview
Looking at the exchange rates of different currencies offered by Sainsbury’s, it is almost always on par with the cheapest travel money providers, and one of the cheapest banks. On the other hand, it should be stated that Sainsbury’s Bank holiday money is rarely the cheapest.
Check it for yourself – view how Sainsbury’s Bank does against other providers on our rate comparison chart
About Sainsbury’s Travel Money service – Review:
Alongside other travel money providers of the same nature (Asda, Tesco) – Sainsbury’s is a massive food retailer with revenues of a whooping £23bn each year. With origins that go back into 1867 and spotless reputation, going into lucrative industries like banking and energy seemed like the obvious choice. That’s why everybody knows about Sainsbury’s Bank and their multitude of financial services like Mortgages, Loans, Credit Cards, Saving accounts, Insurance plans or Travel money.
The advantages of using Sainsbury’s are as follows:
- Competitive exchange rates and zero-percent commission on all foreign denomination.
- The multi-currency cash passport Travel Money card is available at all bureaux outlets.
- It can be ordered directly by phone.
- Next day home delivery available for both phone and online orders done from Monday to Thursday by 2pm, excluding bank holidays.
- You can collect special Nectar points on every online, phone and in-store bureau order.
- Free delivery provided on orders above 500 British pounds.
- The Travel Card is subject to varying ATM fees that may be charged by different ATM service providers.