As of February 1, 2022, Foreign Exchange (FX) fees for the STACK Prepaid Mastercard will increase to 2.5%. Each month, cardholders who spend a minimum of $350 CAD in purchases will be reimbursed their FX fees on up to $1,000 CAD of FX spend outside of Canada.
The foreign currency transaction is converted to Canadian dollars at Mastercard International's rate on the date the merchant finalizes the transaction. This may not be the same rate as on the date of the transaction, which may result in the final amount being higher or lower than the amount shown the day the transaction was made.
The conversion rate Mastercard will use to process a refund transaction may not be the same as the conversion rate in effect on the date the original sale transaction was processed and therefore the amount refunded to your Card may be different than the amount of the original transaction.