Fees and Limits EU/UK

* The exchange rate will be made at a wholesale market rate or Mastercard mandated rate and is subject to Mastercard mark-up. Spendbase charges 1% of the transaction amount. You can view the real-time percentage that will be charged for a foreign currency transaction on the Website or in the App. The same foreign exchange fee applies when you exchange currency between your accounts in different currencies or initiate a SWIFT payment from an account in one currency to a recipient account in another currency.

* A fee of £20 applies to both incoming and outgoing SWIFT transfers. For transfers in currencies other than GBP, the £20 fee will be converted into the transfer currency.

All limits are set in the applicable base currency and may vary in other currencies due to exchange rate fluctuations. 

Company size definitions:

• Micro business — less than 10 employees, annual turnover under €2 million.
• Small business — less than 50 employees, annual turnover under €10 million.
• Medium-sized businesses — less than 250 employees, annual turnover under €50 million.
• Enterprise businesses — more than 250 employees, annual turnover over €50 million.

Account Level

Overall limits for the entire company account across all currencies and payment methods.

IBAN Level

Limit pool per IBAN type: EUR IBAN (SEPA), GBP IBAN (Faster Payments), MCCY IBAN (SWIFT). Values in each IBAN’s native currency, Multi-Currency IBANs value counts in USD.

All values are displayed in abbreviated format: M = million, K = thousand (e.g., 1.5M = 1,500,000; 300K = 300,000).

Card Level

Values in each card’s native currency.

All values are displayed in abbreviated format: M = million, K = thousand (e.g., 1.5M = 1,500,000; 300K = 300,000).

Cashback tier is determined by total monthly settled card volume across all cards under your account, calculated in EUR. Volumes in other currencies (GBP, USD) are converted to EUR at the ECB reference rate on the last calendar day of the accrual month, then combined to set the applicable tier.