Centtrip’s Global Currency Account: sea change for finances

13 May 2016

A new global currency solution could both revolutionise and simplify currency exposure, bank payments and day-to-day expenditure for yacht managers and owners. The Centtrip Global Currency Account provides instant access to the live currency market, at spread-free exchange rates, as well as the ability to make payments worldwide and manage one or more multi-currency prepaid MasterCard® cards.

Designed to take the stress and excessive costs out of managing multiple bank and card accounts, the account was specifically created to meet the needs of companies and high net worth individuals with a commitment to international payments and travel. The single account allows the simultaneous deposit and control of up to 14 currencies, which can be used for payments and spend on associated cards. It also permits payments worldwide in all major and most exotic currencies direct from the account.

Centtrip also offers up front and fixed fees, a guaranteed secure fee of no more than 0.5 per cent on deposits and no other charge for currency conversion, international payments or card use at point of sale worldwide.

As Centtrip co-founder Tony North explains: “The rate we get is the rate we give our customers.

“We have built our business around fair and transparent fees, putting the customer in total control. We give real savings to companies and individuals making international payments and spending abroad.”

Ideally suited for the superyacht community, the Centtrip prepaid MasterCard provides significantly higher balance and transaction value than most other currency cards – particularly useful when used to fuel a yacht.

Furthermore, Centtrip customers can create multiple independent vessel accounts within one secure master account. With bespoke individual user level and transaction authorisation protocols alongside better reporting, less risk and increased efficiencies, the benefits for managing yacht finances are clear.

Brian Jamieson, co-founder of Centtrip, says: “We work constantly with our customers to give them what they want and not what we think they need. Our proven success and experience in the corporate foreign exchange market brings confidence and an assurance that our account makes sense, providing a smarter way for managers and captains to manage currency exposure. Our account also very much reduces the risk associated with carrying cash on board.”

The Centtrip Global Currency Account empowers customers to take advantage of market highs, avoiding the lows of the currency market as well as significantly reducing the cost of bank payments and  card expenditure. The result is the ability for yacht owners and managers to save both time and money.

Centtrip Card Limited is an authorised Agent (registration number 900146) of Prepaid Financial Services Limited which is regulated and authorised by the Financial Conduct Authority (registration number 900036). Registered Office: 36 Carnaby Street London, W1F 7DR. The ‘Centtrip prepaid MasterCard’ is issued by Prepaid Financial Services Limited pursuant to a license from MasterCard International Incorporated.