FX Services · Gemba via financeb2b
Currency exchange at 0.70% over mid-rate, not the 2–3% your bank charges.
Convert between 16 currencies within your Gemba account. No hidden transfer fees. Rate displayed before you execute. SWIFT delivery to 150+ countries.
0.70%
from FX spread over mid-rate
16
currencies available
150+
SWIFT delivery destinations
Instant
conversion between wallets
§ 01 — Cost comparison
How much does FX actually cost you?
Illustrative £50,000 → EUR conversion at mid-rate 1.1700. Competitor rates are typical published rates as of April 2025. Verify current rates before switching.
| Provider type | Spread | Fixed fee | Effective rate | EUR received | Cost vs mid |
|---|---|---|---|---|---|
| High-street bank (typical) | 2.00–3.00% | £0–£25 | 1.1466 | €57,330 | €1,170 lost |
| Wise Business | 0.41–0.67% | Variable % | 1.1610–1.1650 | €58,050–€58,250 | €250–€450 |
| Gemba via financeb2b | 0.70–0.90% | £0 | 1.1617–1.1595 | €58,085–€57,975 | €415–€525 |
| Specialist FX broker (large volume) | 0.25–0.50% | £0 | 1.1671–1.1641 | €58,355–€58,205 | €145–€295 |
| PayPal / Stripe (at conversion) | 2.50–3.50% | Variable | 1.1408–1.1291 | €57,040–€56,455 | €1,460–€2,045 |
Rates are illustrative. Gemba's actual rate varies by market conditions and may differ from these figures. Contact us for a live quote.
§ 02 — Available pairs
Currency pairs available for conversion
All pairs convert through your Gemba wallets. Conversion is instant between wallets; SWIFT delivery for outbound international transfers is 1–4 working days.
GBP → EUR
Most common — UK to Eurozone
GBP → USD
UK to US suppliers/contractors
GBP → CAD
UK to Canada
GBP → AUD
UK to Australia
GBP → CHF
UK to Switzerland
GBP → SEK
UK to Sweden
GBP → NOK
UK to Norway
GBP → DKK
UK to Denmark
EUR → USD
Euro to US Dollar
EUR → GBP
Eurozone receipts to GBP
USD → GBP
US receipts to GBP
USD → EUR
US Dollar to Euro
GBP → PLN
UK to Poland
GBP → HKD
UK to Hong Kong
GBP → SGD
UK to Singapore
GBP → JPY
UK to Japan
§ 03 — When to use Gemba FX
Gemba FX vs alternatives
Gemba's FX is integrated into your business account — no separate platform, no additional KYC. For most UK SMEs converting under £1M/month, it's the most practical option.
Volume A · Under £100k/month
Gemba is the right choice
At this volume, the admin overhead of a separate FX broker relationship isn't worth the marginal spread saving. Gemba's 0.70–0.90% versus a broker's 0.25–0.50% saves £125–£250/month — not nothing, but probably less than the time cost of managing two platforms.
Use Gemba
Volume B · £100k–£1M/month
Gemba for convenience; worth getting broker quotes
The spread saving becomes material at this range. A dedicated FX broker at 0.30% versus Gemba at 0.70% saves £400–£4,000/month. Worth 30 minutes getting quotes from Moneycorp, AFEX, or OFX. But factor in the admin cost of a separate platform and relationship.
Compare options
Volume C · £1M+/month
Negotiate with Gemba first; supplement with a broker
At £1M+/month, contact financeb2b about volume pricing — Gemba's published spread isn't the floor. If you can get to 0.40–0.50%, the gap versus a specialist broker narrows significantly. Many businesses at this volume use Gemba for speed/convenience and a broker for large scheduled conversions.
Negotiate pricing
Context D · Hedging or forward contracts
Gemba for spot only — use a specialist for hedging
Gemba provides spot conversion. If you need to lock in exchange rates for future transactions (forward contracts) or need option-based hedging strategies, you'll need a dedicated FX broker with hedging capabilities. Gemba is not the right tool for currency risk management beyond simple spot conversion.
Supplement required
§ 04 — What to watch for
Three FX realities worth understanding
01
Spread ≠ only cost
Gemba charges no fixed transfer fee, but SWIFT payments may incur correspondent bank charges on the recipient's side. Under SHA (shared charges), recipient bears their bank's charge. Under OUR (sender pays), Gemba's fee covers only their correspondent chain — other banks in the chain may deduct. If exact receipt amounts matter, use SHA and instruct your counterparty to expect a small deduction, or pad the amount slightly.
02
Rates move between quote and execution
When you request a quote, the rate is valid for a short window (typically 30–60 seconds at Gemba). If you don't confirm within that window, the quote expires and you'll get a new rate — which may be better or worse. For large conversions, don't request a quote until you're ready to confirm. Mid-market rates move continuously, particularly around economic data releases and market open/close times.
03
No forward contracts self-serve
Spot conversion is available instantly through the Gemba dashboard. Forward contracts — locking in a rate for a future date — are available on request by contacting financeb2b, but are not a standard self-serve product. If your business model depends heavily on hedging (e.g., you price in EUR but cost in GBP), budget for the administrative overhead of managing forwards via a separate broker relationship.
Stop paying 2–3% to your bank on every FX transaction.
Open a Gemba account and convert at 0.70–0.90% with no fixed transfer fees.