As I recall correctly Tide uses the interbank exchange rate when we complete a foreign currency transaction. My last payment was such a transaction. Unfortunately it displays only the amount in British pounds and there is no way of seeing that this was a foreign currency transaction.
I would like to see in my transaction that:
- it’s a foreign currency transaction
- the original (currency) amount
- the exchange rate (estimated, if still in progress)
Why? Transparancy and clarity
I believe n26 does this very well. Check out my uploaded picture for visual details.