We always use the real exchange rate and charge a transparent fee, no matter how much money you send with us. And when you send large amounts, you might also be eligible for our monthly volume discount.
What’s the monthly volume discount?
When you send over 100,000 GBP (or equivalent in your currency) over a calendar month, you’ll get a monthly volume discount.
The discount applies on one-off transfers or multiple smaller transfers in the same month. And it doesn’t matter how many currencies you send to and from — you can still get the discount.
How much is the discount?
The more you send, the higher your discount is. This table shows the percentage discount depending on your monthly volume.
| Volume (GBP) | Discount (%) |
|---|---|
| 0–100k | 0 |
| 100k–300k | 0.1 |
| 300k–500k | 0.15 |
| 500k–1m | 0.16 |
| 1m+ | 0.17 |
This works a bit like tax brackets. So, just like you pay no tax on the first part of your income, then a progressively higher percentage on the next parts of your income — you only get a discount on the amount that falls in each bracket.
The thresholds are calculated in GBP. So, if you normally send USD, we’ll work out whether you’re in the bracket to get a discount using the live exchange rate. You don’t need to work the discount out yourself. We’ll always automatically apply it to your transfer.
An example of how the discount works
Let’s say that in January, you send 2 transfers of 100,000 GBP to EUR, and 1 transfer of 500 GBP to EUR.
On the first transfer, we’ll charge our normal fee for sending GBP to EUR by bank transfer, which is 0.35%. There’s no discount on it, because it’s less than 100,000 GBP.
On the second and third transfers we’ll charge 0.25%, because you’re in the second bracket and now qualify for the discount. So even when you’re sending smaller amounts in January, you’ll get the discount.
Over the course of the month, that’s an average fee of 0.3%.
If you send that 200,500 GBP in one go instead of in 3 transfers, you’ll get the same average fee of 0.3%.
You can calculate your average fee here.