The £500 monthly fee-free foreign exchange (FX) reward is available to all of our members. It means you pay no conversion fees on the first £500 of foreign exchange transactions between two currencies every month.
More details on the £500 fee-free reward
- No limit to the number of transactions within your £500 monthly allowance
- This Reward applies to FX fees when you convert between wallets, transfer to Zing and third-party accounts, make card payments and ATM withdrawals
- Transfer fees and intermediary bank fees may still apply
This reward will be made automatically available to you, you don’t need to activate it. This reward will reset on the first calendar day of each month until 09:00 GMT on 30th December 2024.
You’ll be able to track how much of your monthly allowance you have left in the rewards tab within the app.
If you’re also a Founding Member
If you chose the £1,000 fee-free FX Founding Member reward and you’re yet to use the full allowance, you’ll use your Founding Member allowance first. Once all of your allowance has been used, we’ll automatically switch you over to the £500 monthly fee-free reward.
If you’re a Founding Member but yet to choose your reward, you’ll automatically receive the £500 fee-free allowance. You can still select the £1,000 fee-free FX Founding Member reward. If you do this, you’ll benefit from the £500 fee-free FX reward after you’ve used your Founding Member allowance.
The 20 fee-free ATM withdrawal Founding Member reward works alongside your £500 monthly fee-free reward.
Check out this article for more information on how to activate your Founding Member rewards.