The Financial Account Transactions Fees
Transaction Fees
Here’s a quick breakdown of when fees apply to your business account:
You’ll be charged:
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£7.50 for GBP payments of £50 or more sent to your account via CurrencyCloud or CHAPs
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£25 for outgoing payments over £10,000
You won’t be charged for:
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Payments in other currencies received through CurrencyCloud (these are usually converted to GBP)
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Inbound payments that aren’t GBP or don’t use CHAPs/CurrencyCloud
What is CurrencyCloud or CHAPS? This means that any payments sent from an international account or a CHAPS payment type will be charged the £7.50
Currency Exchange Fees
Need to exchange currency? We charge a low 0.5% fee on the amount being converted.
To see the latest exchange rates and how much you need to send, just click “View our conversion rates” on your GetGround dashboard.