Dear Client,
Further to our previous communication named ‘FX Fee Schedule Changes’ dated 07/04/2026 where we revised the FX pricing structure, we are writing to provide you with an update.
We confirm that all applicable adjustments have now been made, and your account has been reimbursed for any differences arising up to 1 June 2026. We appreciate this may have caused you some inconvenience, so to compensate for this we have also applied an additional credit, equivalent to one full year of current account interest, calculated as if the reimbursed amounts had remained in your account over that period.
Reminder of Current FX Pricing (Effective 1 June 2026)
- A standard FX spread of 2% now applies to all FX transactions.
- For transactions of £100,000 or more, preferential rates may be agreed directly with your Relationship Manager on a case-by-case basis.
Any existing bespoke FX agreements remain unchanged and will continue to apply where relevant. For securities-related transactions involving FX (such as trades, corporate actions, or dividends), a reduced spread of 0.25% applies.
If you have any questions or would like to discuss your FX needs, please don’t hesitate to reach out to your Relationship Manager.
We would like to thank you for your continued support and understanding.
Trusted Novus Bank