Did You Know? Paying in Local Currency Can Help You Save When You Travel

Did you know that one simple choice at checkout can affect how much you really spend overseas? 

 
When travelling, you’re often asked whether you’d like to pay in your home currency or the local one. Choosing your home currency may feel familiar, but it usually comes with extra conversion mark-ups. Paying in local currency typically means better exchange rates and fewer hidden costs. 

Travelling with iFAST Global Bank means: 

• Spend smarter with the right debit card 
  When you pay in local currency using the iFAST Global Bank Multi-Currency Debit Card (available to UK residents only), you can spend seamlessly across 9 different currencies, without unnecessary conversions. 

• Withdraw cash without extra fees 
  Need cash on the go? Enjoy fee-free^ ATM cash withdrawals worldwide, giving you access to your money wherever your travels take you. 

^Some local ATM operators may apply their own service charges. 

• Your money doesn’t stop working 
  Even while you travel, funds in your Multi-Currency Current Account continue earning interest*, calculated daily and paid monthly, across all 9 currencies you hold. 

From everyday purchases to overseas adventures, paying in local currency helps your money go further. Everyday money, better when you travel.  

*Interest is calculated daily and paid out monthly. The interest you receive may be subject to UK tax, depending on your individual circumstances for which you should seek independent advice. Details regarding the interest rates for other currencies can be found on our website at https://www.ifastgb.com/en/interest-rates?prod=mca. Please refer to our website for full terms and conditions. Up to £120,000 of your deposit is fully protected by FSCS (Financial Services Compensation Scheme). https://www.fscs.org.uk/ has further details on the scheme.