The YouBiz card offers “Real 0% FX fees” by having absolutely no fees (including the processing or network fees) when you spend in foreign currencies.
YouBiz’s Wholesale Exchange Rates are managed by the YouBiz platform with our foreign currency partners and Mastercard®, typically with a marginal difference of 0.1 to 0.4%.
Wholesale exchange rates are the foreign exchange rates used by banks, large corporations and public & private institutions for large volume currency transactions. In simpler terms, they are real-time exchange rates that are very close to published rates you can see on Google, XE.com and other financial sites.
You can check the live rates for the currencies available on your YouBiz dashboard before any exchanges at any time.
While YouBiz exchange rates may sometimes differ from that of other platforms, we still ensure that your final cost of transfer is low, transparent, and top-of-market by having competitive transfer rates.