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London + UK
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
Trading: Currently European and US equities
Posts: 443 since Dec 2013
Thanks Given: 257
Thanks Received: 234
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A lot of mid sized financial services are able to repackage credit/debit card services like this from one of big card providers. It's exactly for client retention through creating depth of offering (as someone has already said).
Security is my concern, as much as we might not lose our cards or data anything out of your control has the scope to be mishandled. Having worked at some of the big firms I wouldn't put it past them losing secure information of any sort either my negligence or with intent. However let's assume that nothing get's lost and it's secure, there certainly is an appeal to those customers that want to expedite access and limit fees associated with traditional transfers especially cross border. But really any layered transaction like this on credit card basis at least is only going to be offered above cost so really what you pay is unlikely any real saving, for the firms providing this kind of service it can be a nice little earner.
Thus imo the bottom line is whether its convenient to you and you're happy with the security.
I prefer same day transfers - liquid enough for me and secure (touch wood).
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