Eliminate point of sale usage charges and management fees when spending abroad.
Prepaid business Currency Card
Using a Caxton Business Currency Card is as simple as using your debit card without the costs of using it abroad.
A better way to manage business travel expenses and much more.
No set up or management fees or charges
Easy to load and monitor spend
Safe and cost effective
Why use a Currency Card?
Highly competitive rates on pre-loaded currencies
Get competitive exchange rates for lower business expenses every time you go overseas.
Reduce effort associated with processing expense claims.
No overseas point of sale fees or charges
Monitor employee transactions in real time
Have central oversight of all employee cards with easy access to load and view transaction histories.
Conferences and business travel expenses
Employees travelling overseas to attend a conference or simply for business, Caxton is experienced in taking away the stress of managing employee travel expenses.
We make overseas spending easy
- No set up or management fees or charges
- Accounts open same day and cards delivered within 5 working days
- Use ATMs to withdraw petty cash in local currency
New Zealand dollar
Hong Kong dollar
South African rand
What our customers say...
Caxton FX have been helping simplify the management of travel expenses for organizations of all sizes, from businesses to independent schools and academies since 2002.
Independent Boys School
"Our teachers were pleased to have a Caxton card that took the stress out of carrying large sums of money on their trip. Paying for meals for a group of 20 was a breeze" - Finance Manager, Leading Independent School
A leading independent boys school was recommended Caxton Cards by a Bursar at an annual Independent Schools Bursars Conference. The school was seeking to reduce the expense reconciliation following overseas sports trips. The Caxton online account enabled card administrators to view the teachers' expenses in real time and download copies easily and securely.
Journey Latin America
Journey Latin America is the UK’s number one specialist tour operator to Latin America. With tailor made holidays, journeys and packages throughout Central and South America, Journey Latin America found themselves with a constant requirement for US dollars for their tour leaders. Bo Lennartson, Finance Director, was previously relying on prepaid solutions for his employee’s travel expenses. Along with charges for international use, Bo found himself let down by a poor level of customer service, at which point he approached Caxton FX.
“One thing that attracted me to using the Caxton FX currency cards was their excellent level of customer service. We saw they had won numerous awards, and in the time we have been using them we have found this to be exactly as described.”
Along with dedicated Account Managers to handle the day to day running of the account, Caxton FX also provides insight into currency markets, further providing guidance on any currency purchases required.
“As opposed to constantly funding the currency cards whenever a tour leader required, Caxton FX suggested that hedging part of Journey Latin America’s travel expense requirement may be worthwhile, therefore reducing any risk of depreciation in the GBP/USD market when coming to load the cards."
“Being able to hedge part of my expense exposure was crucial when it comes to managing our currency risk and also being able to achieve the same rate constantly. As we have seen the market depreciate almost 10 cents since we hedged, this proved to be a highly successful decision.”
Wealth Management Company
A leading wealth management company have been using the Caxton card programme for the past three years, enabling them to closely monitor their employees expenses in real time. The prepaid card also helps to eliminate employee overspend, giving their finance managers peace of mind.
"Our employees sometimes lose their receipts, so it’s a relief the Caxton card reporting enables us to more easily manage the expense reconciliation process." - Group Finance Director, Leading Wealth Management Company
Although the below values are displayed in GBP, if your card is loaded in a different currency, your card will be charged in that currency.
|FEES & CHARGES||GBP|
|Card purchase and Annual Fee||Free|
|Load and reload (by your Administrator)||Free|
|Load and reload||Free|
|Point of sale transaction - international||Free|
|Point of sale transaction - domestic||1.50|
|ATM transaction - international||1.50|
|ATM transaction - domestic||1.50|
|Over the counter cash - international||4.50 plus 2% of withdrawal amount|
|Over the counter cash - domestic||4.50 plus 2% of withdrawal amount|
|FX mark-up where a Transaction is performed in a currency different from the
currencies available on the card
|Available balance enquiry - ATM||30p|
|Available balance enquiry - online||Free|
|Card replacement fee - damaged/lost/stolen||Free|
|Redemption processing fee||1.50|
|Dormancy fee - monthly (applicable after 12 months from expiration of the last card in your account)||£0.85 per month per card|
|Investigation fee||Up to £50|
*PIN reminder is only available online on your account. Please note that the PIN displayed on your account is the PIN that was originally issued with the card. If you change your PIN at an ATM, your online account will still show the original PIN, not the new one.
|Maximum single load||15,000.00|
|Maximum total available balance||15,000.00|
|Maximum number of loads per wallet (Card Group)||15|
|Maximum load amount per year||150,000.00|
|Maximum value of a single point of sale transaction||7,000|
|Maximum number of ATM withdrawals per 24-hour period||2|
|Maximum value of ATM withdrawals per 24 hours||500|
|Maximum Number Of POS per Card per 24 hours||30|
Business Currency Card Terms and Conditions
See terms and conditions for fees, charges and restrictions.