First Rate has been supplying foreign exchange services to the Post Office® since 1994. We instigated a number of innovations, including 0% commission which revolutionised the FX market and led the Post Office® to become the largest supplier of foreign currency in the UK.
First Rate became a joint venture between the Post Office® and Bank of Ireland Group in 2002.
Commenced supply of consumer FX to the UK Post Office®
Bank of Ireland First Currency Services (Wholesale FX) created
Implementeded the first 0% FX commission for consumers in the UK
Became FX Joint Venture between Post Office® & Bank of Ireland
Opened our first distribution centre
Post Office® voted Best Travel Money Provider
Extended service provision of consumer FX to UK market
Corporate partnership with Institute of Travel & Tourism
Post Office® voted Best Travel Money Provider for the 2nd Year runnin
First Rate Exchange Services launches International Payment service with HiFX
Post Office® voted Best Travel Money Provider for the 3rd Year running
Corporate partnership with UK Inbound
Post Office® voted Best Travel Money Provider for the 4th Year running
First Rate win Travel Sector category in ‘Top 50 Call Centres for Customer Service’
Developed partnership with London & Partners to leverage inbound tourist opportunities
Post Office® voted Best Travel Money Provider for the 5th Year running!
Introduced enhanced Travel Money Online platform
Post Office® wins ‘Best New Pre-Paid Card 2012’ at the UK Card and Payment Awards
Travel Money Card range extended to include 5 additional currencies.
Post Office® voted Best Travel Money Provider for the 6th Year running at British Travel Awards