We calculate savings in two ways:

1. How we calculate your savings vs your linked bank:

We take the total cost of the same transaction with your bank and compare it to the Currensea cost, giving you the saving.

2. How we calculate your savings vs a panel of banks:

We calculate the cost of your transaction with each of the four popular current accounts at Lloyds Bank, NatWest, Barclays, and HSBC. We then take the average of those and compare it to the Currensea cost, giving you the saving.