Cynergy Bank has introduced one of the UK’s first debit cards made from Parley Ocean Plastic®—a premium material upcycled from marine plastic debris collected from coastal communities worldwide.
This innovative launch aligns with Cynergy Bank’s commitment to sustainability and its Environmental, Social, and Governance (ESG) agenda.
As part of this initiative, Cynergy Bank has transitioned its Business Current Account debit cards from traditional plastic to this eco-innovative alternative, representing a significant step forward in Cynergy Bank’s dedication to reduce plastic waste in its business operations.
Cynergy Bank’s upcycled debit card is an attractive feature for eco-conscious business customers and complements the Business Current Account’s other benefits: interest rate of 2.50% AER variable paid on deposits up to and including £25,000, and 0.25% AER variable thereafter*. Customers can apply for the Business Current Account via a simple digital application process** and manage their accounts using Cynergy Bank’s new online banking platform.
The Business Current Account provides a full suite of services to support daily business banking operations, including a range of Foreign Exchange (FX) and payment services. The Business Current Account is also serviced by the Cynergy Mobile Banking app - including viewing balances, scheduling payments, transferring money between accounts and arranging appointments with a dedicated Relationship Manager.
The Business Current Account is available to eligible UK businesses, including sole traders, partnerships, limited liability partnerships and limited companies, with up to 10 named individuals including Partners, Directors, and shareholders***. Eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme, offering peace of mind for business owners.
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Sharon Maguire, Chief Operating Officer, Cynergy Bank, commented: “Introducing this eco-innovative debit card is a natural extension of our Business Current Account, which is part of our growing family of business banking products, and demonstrates our commitment to sustainability. As one of the first banks in the UK to do so, we’re proud to contribute to reducing plastic waste and to lead by example in promoting environmental responsibility and awareness.”
Cyrill Gutsch, Founder, Parley for the Oceans, commented: “The use of Parley Ocean Plastic® transforms a banking card into a powerful symbol of change, one that supports ocean initiatives around the world as well as our long-term vision to redesign materials, methods and mindsets towards an economy that works in harmony with nature. More than that, it creates an innovative entry point that directly connects consumers to a global movement for positive change with every use.”
This initiative marks a significant step in Cynergy Bank’s broader ESG strategy, which is dedicated to driving positive environmental and social impact. Cynergy Bank is setting a new standard for sustainable business operations, encouraging positive change across the financial sector.
Customers can apply for a Business Current Account and find out more about eligibility by visiting the Cynergy Bank website: https://www.cynergybank.co.uk/business/business-current-account