Spend globally without worrying about foreign exchange fees

Running a business means having cash flow freedom without borders for many companies. From sourcing materials overseas to paying for international software or running digital campaigns in new markets, global spending has become the norm for UK companies of all sizes. Yet with every transaction abroad, many businesses are hit by an unnecessary cost in the form foreign exchange fees.

Typically around 2% to 3% per transaction, these fees are often hidden until a statement arrives. For a business relying on regular international payments, the costs can add up to thousands of pounds each year. That’s money that could be invested back into growth rather than being lost to the bank.We believe those costs shouldn’t stand in the way of ambition. Which is why we’re removing all foreign transaction fees across both FlexiPay from Funding Circle and the Funding Circle Cashback Business credit card.

What zero forex fees mean for your business

Every pound you spend abroad will now go entirely towards the people and services your business relies on. No non-sterling fees, no hidden markups, no surprises – the price you agree is the price you pay.

If you’re a FlexiPay cardholder, it’s easier than ever to fund international purchases. You can break down larger payments, such as stock orders or equipment, into predictable, interest-free instalments without worrying about forex charges eating into your margins. You benefit from healthier cash flow and total clarity on your landed costs, plus one flat fee per transaction. 

For Cashback Business Credit Card customers, it’s a double win. Not only do you avoid the fees charged by many traditional business cards, but you also continue to earn market-leading cashback on every single purchase up to 2% (capped at £2,000 per year) followed by 1% after that. It’s now applied to your global spend as well. You can stop losing money to fees and start earning it back instead.

Designed for ambitious businesses

The change to forex fees is part of our commitment to back businesses that want to grow without borders. We know that many modern SMEs are international by default. Whether it’s a retailer sourcing products from Europe or a digital-first brand paying for SaaS subscriptions in US dollars, global spending is no longer a side activity and acts central to running a competitive business.

By removing forex fees entirely, we’re making sure you can compete on fair terms. Unlike challenger debit cards, which often lack the credit facilities businesses rely on, or traditional bank cards, which still penalise international transactions, our cards give you the best of both worlds: credit when you need it, and freedom from unfair charges.

Start spending globally without FX fees

With this change, we’ve made global business spending as simple as local. Clarity and value replace hidden costs and unexpected deductions. 

Explore how FlexiPay and the Cashback Credit Card can help you spend with confidence at home and abroad, and keep more of your money working for your business.

Learn more about FlexiPay

Learn more about the Cashback business credit card

01/10/2025: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.