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Tomo187-
Could be, the website's not that clear. I thought it was Mastercard for withdrawals and interbank for exchanges but maybe not looking at the website.
One other thing I was unaware of, rates can be higher at weekends:
At the weekend (Friday 00:00 - Sunday 23:59) we apply a small mark up on the spot rate as the Forex markets are closed. We take the rate from Friday 00:00 and apply a 0.5% mark up on major currencies and 1.0% on other currencies to protect the company from potential losses due to a large fluctuation in the rate. For illiquid currencies Russian Ruble and Thai Baht, there is 1.5% mark up on weekend.
aggi
Not really, no. Revolut and Monzo both use the mastercard rate so should be identical if you're just holding sterling.
Revolut has the extra option of holding other currencies if you want to try some hedging or just want certainty.