Spendesk applies fees for certain card transactions, such as foreign currency payments and cash withdrawals. This article explains when these fees apply and how to reduce them.
For: All Spendesk cardholders and Admins managing card spending.
FX fees
A 2.99% FX fee applies to any transaction made in a currency different from your default Spendesk account currency (EUR, USD, GBP, SEK, NOK, or DKK).
The conversion rate applied is the one used by Visa. The transaction date shown on your payment is the date used for the conversion.
To confirm there's no error in the fee calculation, use Visa's official calculator to check the final billed amount: https://www.visa.co.uk/support/consumer/travel-support/exchange-rate-calculator.html
Avoid FX fees
Contact your Customer Success team to review your spending volume abroad. They can discuss adjusting your subscription to reduce or remove FX fees based on your needs.
Withdrawal fees
If you have a Spendesk physical card and your Admin has authorized cash withdrawal, a 0.75% fee applies per withdrawal, whether in your card's currency or a different one.