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Calculating foreign exchange rates

With the exception of TARGET closing days, every day at 4 pm, the European Central Bank (ECB) publishes foreign exchange rates based on the daily average of central banks across Europe. Acting as a point of reference only, these rates are not made available to individuals. Instead, card schemes including Visa and Mastercard set their own exchange rates, which can be above the ECB’s aggregate. Many high street and digital banks then add a markup to the exchange rate set by their chosen card scheme. At Tally, we’re proud to pass on Mastercard’s exchange rates directly to our customers, no matter which currency or country you’re operating in. 

Below are the latest rates for spending abroad with your Tally Debit Mastercard®:

European Central Bank rate

Mastercard rate

Tally mark-up over Mastercard rate

0.00%

Difference between Mastercard and European Central Bank rate

Please remember that exchange rates can fluctuate and may change between the time a transaction is made and the time it is deducted from your available balance. You agree that any change to the exchange rate may be applied immediately and without notice to you.

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tally® relative to GBP (£) can rise or fall due to fluctuations in the global gold price. Tally and TallyMoney are registered trademarks with respect to the goods and services the marks are registered for. TallyMoney Ltd (Firm reference number 902059) is an agent (or distributor) of PayrNet Ltd which is an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011 (EMR’s) with Firm Reference Number 900594.

Your Mastercard is now welcomed at millions of locations worldwide. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. This card is issued by Transact Payments Limited pursuant to licence by Mastercard International Incorporated. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. ® 2023 TallyMoney

tally® relative to GBP (£) can rise or fall due to fluctuations in the global gold price. Tally and TallyMoney are registered trademarks with respect to the goods and services the marks are registered for. TallyMoney Ltd (Firm reference number 902059) is an agent (or distributor) of PayrNet Ltd which is an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011 (EMR’s) with Firm Reference Number 900594.

Your Mastercard is now welcomed at millions of locations worldwide. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. This card is issued by Transact Payments Limited pursuant to licence by Mastercard International Incorporated. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. ® 2023 TallyMoney