Can I Use My Currensea Card In Poland – Best Travel Cards

A new fintech business which I was introduced to earlier this year. Can I Use My Currensea Card In Poland…

It has won a few awards over current months for what it does (offering you a low-priced method to invest abroad) but what I like about  is that it is easy as hell. This is an advantage.

is, successfully, a direct debit travel card. It is a Mastercard which sits between you and your existing bank account. There is absolutely nothing to top-up or prepay. You just invest as you would on a regular debit card and the money is drawn from your current account– simply without the typical 3% fee.

Oh, and  is free to make an application for, which likewise assists.

There are likewise some fascinating travel advantages if you choose a paid strategy, however the free plan works fine. You can use here.

There is a business model in fintech which Curve, Revolut, Monzo and so on have all followed:

launch by doing something well, and for free or cheaper than the competition
include more and more features which your existing customers do not actually want or need

add charges, constraints or charges to the feature that made people get your item in the first place, eliminating any competitive advantage
is currently still in Phase 1 of this process and will ideally stay there. Monzo, curve and revolut are already in Stage 3 …
is easy enough that it passes my ‘Can you describe it to your mate in the pub in 30 seconds?’ test:

It is a totally free direct debit card to utilize abroad and which instantly charges all purchases to your existing bank account in Sterling, less a little 0.5% fee.

That’s it.

You do not (yet …) earn any airline company miles or points for utilizing it.

Why would I want to get a card?
If you have a credit card offering 0% forex fees, then you do not need a  card, unless you desire complimentary ATM withdrawals. You can stop reading now.

Credit cards which use rewards and charge 0% FX fees are couple of and far in between. The only ‘miles and points’ alternatives which use a partial solution are the Virgin Atlantic credit cards which have 0% FX fees in the Euro zone.

IS potentially for you if:

you don’t have a charge card offering 0% FX fees and do not want to impact your credit report by getting another credit card particularly to utilize abroad
you want an item which enables you to make �,� 500 of foreign currency ATM withdrawals each month without any charges and only a minimal FX mark-up (there is a little fee beyond �,� 500).
you want a product for you, your adult kids, parents, partner or anybody else in your life who needs an easy, easy to understand payment card that will save them cash when travelling.

How does  operate in practice?
It is, as I stated previously, a very easy process. You utilize your Currensea card in the same way as your existing debit card.

You make your purchase in local currency (any currency, internationally).
Your bank account bank immediately verifies that you have enough money in your account and authorises the deal.
The deal goes through at either the interbank rate or the Mastercard rate, depending on the currency. If you have the complimentary card,  adds a 0.5% charge. There are no charges if you have one of their paid cards.
You get an automatic spend notification through the app, if you select to install it.
The cash is taken from your bank account a few days later on.
Here is an example. With no foreign travel in the diary, I decided to splash out and buy 1,000 MeliaRewards points for EUR5.

This is what you see in the Currensea app, which shows �,� 4.33 scheduled to leave my HSBC account a couple of days later:.

Converting pounds was expensive.

A pet peeve of mine is when ATMs forewarn you about the daylight break-in that is just about to happen (often in a various language) while not telling you about the expensive currency conversion charges occurring in the background. Don’t get me started. Anyway back to the positives for a bit anyway.

Fortunately in recent years a handful of great travel debit cards have actually popped onto the scene … and like other terrific cards  assures big savings (85%) and an excellent app.

However I believe the very best bit might be what no other card does: connects to your existing high street savings account.

What this implies is you can invest cash you have in your existing current account with less worry about lacking money and the extra step. That does not indicate it is ideal.

In this Currensea evaluation is the excellent, the bad, the unsightly and the alternatives, so that you can decide.

FX markup.
While our premium plans have no FX markup, we charge a nominal FX markup on our Important Strategy of 0.5% per transaction, allowing us to make income from our Necessary Strategy whilst staying much cheaper than other prepaid cards and high-street debit cards. We also charge an FX markup on ATM use over the totally free amount on all our plans, complete information can be discovered on our pricing strategies.

Membership costs.
We charge an annual membership charge of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Plan. The subscription fee likewise gets rid of all FX markup on deals.

Interchange.
Whenever you invest with your card we get a little % of the deal, called interchange, this comes straight from the merchant and will not be charged to you. Can I Use My Currensea Card In Poland