Ivobank extends European reach

LONDON -- (PRESS RELEASE) -- Ivobank, an online banking service specialising in online payments and money transfer services, launched its product offering in more countries across Europe today. Offering faster and cheaper cross-border and online payments, Ivobank is now available in France, Italy and Germany as well as the initial launch countries (UK, Spain, Ireland and Canada).

Launching in more countries means that even more online bankers, gamers and shoppers throughout Europe can take advantage of the benefits offered by an Ivobank account.

Customers can take advantage of secure and fast online payments, 24/7 customer support via telephone, online Live Chat and secure email, and competitive rates of interest on deposits held (up to 4.5% AER). On top of this, Ivobank allows customers to move money instantly from their account to friends and family overseas for free, making it very attractive for international money transfers. For example, parents can now transfer money to a child who may be studying in France, or European property owners can now send maintenance money overseas to management agents without the inconvenience and cost of exchange fees and delays. All senders and recipients need to do is to open Ivobank accounts, which is quick and easy to do online.

Timothy Sawyer, Managing Director of Ivobank, said: "More businesses and people are now choosing to bank online, make payments and transfer money on the Internet. Following our successful launch in the UK, Ireland, Spain and Canada, we are looking forward to opening up our rapid payments service to more customers across Europe and plan to introduce our service to even more European countries shortly."

Customers in France, Italy and Germany will also have access to a virtual debit card - The Ivobank Virtual Card - which can be used to make purchases online anywhere that MasterCard is accepted. Every time customers use the card a new card number is produced and customers can set a transaction limit for each card number -- this means that once the transaction has been made, the card cannot be reused, increasing security for online shoppers.