Save 85% on every transaction is based on Currensea charging a 0.5% FX markup on each transaction, vs. a high street bank (RBS, Barclays, HSBC, Lloyds, TSB and Santander) charges on their current account debit card transactions abroad.
| Bank |
POS FX markup & Fee |
ATM FX markup & Fee* |
Visa avg. FX markup (Aug - Jan 20) |
Total fee (£100 POS transaction) |
Saving |
| Currensea (Essential card) | 0.5% | 0.5% | - | £0.50 | - |
| RBS | 2.75% | 2.75% + local fees | 0.49% | £3.24 | 85% |
| Barclays | 2.99% | 2.99% + local fees | 0.49% | £3.48 | 86% |
| HSBC | 2.75% | 2.75% + 2% (Min: £1.75, Max £5) + local fees | 0.49% | £3.24 | 85% |
| Lloyds | 2.99% + £0.50 | 2.95% | 0.49% | £3.98 | 87% |
| Santander | 2.95% | 2.95% | 0.49% | £3.44 | 85% |
| TSB | 2.99% + £1 | 2.99% + 1.5% (Min £2, Max £4.50) + local fees | 0.49% | £4.48 | 89% |
Note - ATM withdrawals will generate higher saving % due to additional bank fees
Note - Smaller spend items will generate substantially higher saving % due to the fixed fee element in bank pricing
*Currensea does not charge for ATM usage, however ATM operators may charge their own fee.
Bank charges - links
See how these charges impact a family holiday to Florida and the savings you could make here
No need to pre pay or top up
The Currensea card works by instructing a direct debit straight from the customer's linked bank account after they have spent, therefore there is no requirement for the customer to transfer funds to a prepaid card or top up an additional account when the funds are running low. There is just a requirement for their linked bank account to have available funds for transactions to be processed.
Works with all major high street banks
Through open banking regulation and technology (which underpins how Currensea as business operates), we support connections to the following UK banks;
Connect your Currensea card to your existing bank account.
We debit your bank account when you spend, and will notify you of savings.
