What foreign exchange rate will be used to convert euro payments that I send or receive via EUR SEPA?

We use the current interbank exchange rate of the day, and we apply an FX markup based on your plan:

• Tide Standard / Free: 1.50% FX markup

• Tide Smart: 1.25% FX markup

• Tide Pro: 0.75% FX markup

• Tide Max: 0.50% FX markup

If you’re sending a payment, once you've entered how much you'd like to send in EUR we'll show you the live exchange rate, FX markup fee and the transfer fee (if applicable to your plan) on the screen.

The exchange rate will also update automatically every 30 seconds, allowing you to see how much the person you're paying will receive and how much it'll cost you in real time.

After you’ve made the payment, you can see the exchange rate used again by tapping on the transaction in your timeline. For any rejected outbound payments we will apply the exchange rate available at the time of the return. This means when the payment is returned to you, it might be a different amount.

If you’ve received a payment, you can see these same details by tapping the transaction in your timeline.