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First Rate Exchange Services, the leading provider of foreign currency services to UK businesses, has re-signed American Express as its partner and supplier of traveller’s cheques.

The renewed contract extends the two companies current relationship which spans over 10 years, and is set to deliver an estimated sale of three million traveller’s cheques per annum.

First Rate is the UK’s biggest foreign currency supplier. It provides UK foreign currency retailers, such as hotel chains, on-line travel service providers and retail outlets, including over 14,000 Post Office® branches, with a range of currency services including notes and traveller’s cheques.

Continuing its relationship with American Express will allow foreign currency outlets across the UK to offer traveller’s cheques welcomed globally in thousands of shops and restaurants, and which can be exchanged fee free for cash in over 120,000 locations in more than 100 countries.

Commenting on the new contract Gordon Gourlay, Managing Director, First Rate said: “Providing a foreign exchange service is a vital source of income for many UK businesses. These businesses, both large and small, rely on First Rate to provide them with a range of high quality, value for money foreign currency services, including traveller’s cheques which offer their customers the highest level of security and convenience. I’m delighted that through this partnership we can continue to provide foreign currency retailers with traveller’s cheques from the one of the worlds most trusted and recognised brands.”


Notes to Editors:

For further information please contact:

Four Countries Communications
Ruth Barker
Tel: 0207 749 9219
Mobile: 07814 571128

Bank of Ireland UK Financial Services
Sandra Grandison
Tel: 0207 634 3477
Mobile: 0781 2298013

About First Rate Foreign Exchange Services

First Rate is the UK’s leading provider of foreign currency services supplying over 14,000 retail outlets with a foreign currency service. It is the UK’s biggest foreign currency notes supplier and Europe’s major provider of traveller’s cheques and in the top five globally. First Rate sources currency through its associate business unit Bank of Ireland First Currency Services, one of the world’s leading wholesale currency operations.

First Rate can provide UK retailers and businesses with the following foreign currency services:

• Travel Money Online – a service enabling the ordering of foreign currency notes and
traveller’s cheques securely via First Rate’s white label internet application
• Bulk provision of currency for currency retailers
• End-to-end consumer order processing – totally outsourced, white label currency
solutions for phone, internet or retail outlet order placement.

To find out more visit

Benefits of American Express® Travellers Cheques include:

• Safer than cash
• Replacement service if lost or stolen – usually within 24 hours
• Worldwide customer service network
• Accepted worldwide
• No expiry date
• Suitable for almost every travel destination
• Free passport and credit card replacement assistance

This press release was distributed by ResponseSource Press Release Wire on behalf of Four Countries Communications in the following categories: Business & Finance, for more information visit