Curve uses a wholesale rate to convert your currency when you make a transaction abroad. This means you will be making a transaction at the rates that banks use in order to exchange money between them, which is also known as the interbank rate.
There are the following caps and fees:
Curve Blue (free product): 0% fee on spend in over 150+ foreign currencies worldwide of up to £500 per rolling month, with a 2% foreign exchange fee after that. ATM withdrawals are free up to £200 per rolling month, after which there will be a charge per extraction of £2 or 2%, whichever is higher.
If you are a frequent traveller, our Curve Black product might be better suited to you:
Curve Black: 0% fee on spend in over 150+ foreign currencies worldwide (subject to fair use policies above £15000 per rolling year). ATM withdrawals are free up to £400 per rolling month, after which there will be a charge per extraction of £2 or 2%, whichever is higher.
Weekend rates: In case of withdrawals or purchases over the weekend using an underlying payment card set to a different currency than the transaction, we will use the rate from Friday at 23:59 and apply a surcharge (as the Forex markets are closed). For transactions where both the transaction and the underlying payment cards are in GBP, USD or EUR , the foreign exchange fee will be 0.5%. For all other currencies, the foreign exchange fee will be 1.5%.
For more information, please refer to: https://www.imaginecurve.com/terms