What FX margin applies to transactions below CHF 10,000 (or the equivalent in another currency)?
Your standard FX margin remains unchanged. For FX transactions below CHF 10,000 (or the equivalent in another currency), the applicable FX margin is 1.00% on the Launch plan and 0.75% on the Essential plan.
How is the CHF 10,000 threshold calculated?
The threshold is based on the CHF-equivalent value of the FX transaction, which amnis stores for every FX transaction. This applies regardless of the currencies being exchanged.
The FX margin applies to any FX transaction with a CHF-equivalent value strictly below CHF 10,000. Transactions with a CHF-equivalent value of CHF 10,000 or more are not affected.
Which FX transaction types does this apply to?
All FX transaction types below the threshold of CHF 10,000 (or the equivalent in another currency) are affected. This includes manually FX transactions entered by the user as well as automated FX transactions (e.g. automations or automatic FX executed to cover a negative balance).
Does the FX margin also apply to debit card transactions?
It depends on your card currency setting:
Merchant currency: If you have a sufficient balance in the merchant's currency, no FX transaction takes place, and the applicable margin does not apply. If your balance is insufficient, your currency account goes negative, and an automatic FX transaction is triggered from your reference currency to cover it. If that FX transaction is below CHF 10,000 (or equivalent), the applicable margin applies.
Card currency: The FX conversion is handled by Mastercard (with 0% FX fee on our side), so no amnis FX transaction is created, and the applicable margin does not apply.
Does this FX margin apply to automatic reference currency coverage?
Yes. If the system automatically covers a negative balance on your reference currency account via an FX transaction, that transaction is subject to the applicable margin if it is below CHF 10,000 (or equivalent).
Will I see the higher margin when getting an FX quote or confirming a transaction?
The margin is already factored into the rate you see and confirm; there is no separate line item for it.