FX fee calculator
Foreign exchange fees on business spend often hide between 2–3% — that's real margin for advertising, suppliers and travel costs.
Last updated: 21 May 2026By Business Reward Toolkit Editorial TeamReviewed for UK small businesses
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Short answer
With £1,000 of monthly overseas spend at 2.75% FX fee, you'd pay about £28/month or £330/year just in FX fees.
Cutting FX fees
- Switch overseas spend to a no-FX-fee business card
- Pay in the local currency (avoid dynamic currency conversion)
- Use a multi-currency business account for regular FX
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Make a qualifying transaction within 30 days of activating the card. The published Refer a Friend terms say the referred customer receives the bonus within one month of the first transaction.
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BRT
Business Reward Toolkit Editorial Team
Editorial
Our editors research UK business banking, credit cards, expense tools and rewards schemes. We test products, read provider terms in full, and update guides as offers change.
- 10+ years writing about UK small-business finance
- Independently funded by clearly labelled affiliate links