Weekend markup

[YianniVenizelos]

Hi there.

I am from the UK and am planning to go to the US so I have a GBP account and a USD account. So if I have $100 in my USD account and I’m in the US on the weekend and spend $50 then no markup applies as it will simply come out of my USD account, and only if I exchange GBP to USD on the weekend will I get a weekend surcharge - is this correct?

Also, if it’s Friday 10pm where I am in the US, meaning it’s Saturday (the weekend) in the UK, will the surcharge apply or not?

Thanks!

[capital]

So if I have $100 in my USD account and I’m in the US on the weekend and spend $50 then no markup applies as it will simply come out of my USD account, and only if I exchange GBP to USD on the weekend will I get a weekend surcharge - is this correct?

Yes.

USD spending will exhaust the remaining balance in the USD currency account until there isn’t any, in which case your base currency (GBP/EUR/…) will be used to convert at the spot interbank rate (+ weekend surcharge if it is the weekend).

Also, if it’s Friday 10pm where I am in the US, meaning it’s Saturday (the weekend) in the UK, will the surcharge apply or not?

Good question.

I assume it’ll be using UTC (GMT+0, London time) for weekend calculations.

[Juliopp]

I assume it’ll be using UTC

Yup. Friday (Saturday?) 00:00 to Sunday 23:59 GMT+0

• Higher than normal bank rate transaction

[diak]

@AndreasK

What outside fx market hours mean? Weekend?

image|690x303

[Frank]

Check FAQs. It says

Friday 23:59 - Sunday 23:59

[Platin]

…and bank holidays.