There are 3 different allowances in our pricing plans:
ATMs and Cash top-ups
This allowance covers all ATM withdrawals, Paypoint top-ups, Post Office top-ups, Cashback and SOFORT top-ups. On our Simple and Classic plans, a 2% fee will only apply if the transaction is outside the allowance or partially covered by the allowance. After 27/01/2020, Post Office and Paypoint cash deposits will be excluded from the Simple Plan allowance, with a 2% fee (minimum of £/€2) and 3.50% fee (minimum of £/€3) respectively.
Foreign Currency Card spending
This allowance covers all card spend in foreign currency. On our Simple and Classic plans, a 2% fee will only apply if the transfer is outside the allowance or partially covered by the allowance. If you plan to make card transactions in both GBP and EUR it is recommended to open both accounts to avoid using up this allowance for both GBP and EUR transactions.
Foreign Currency transfers
This covers all international foreign currency transfers. Our Simple Plan has a 2% charge on all foreign currency transfers, with a minimum of £2/€2. Our Classic Plan has a fee from 0.5% on all foreign currency transfers with a minimum of £2/€2. Finally, on our Premium Plan, these are free.