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How does the Vault card decide which currency to spend?
How does the Vault card decide which currency to spend?
Jaden Arlene avatar
Written by Jaden Arlene
Updated over a month ago

Vault's Corporate Mastercard will always try to match the transaction currency with your account currency. If you don't have the transaction currency, we will default back to Canadian dollars.

For example, let's say you try to purchase a 5 USD coffee. We will:

  1. Check your US Dollar account

  2. If you have 5 USD, we will charge your US Dollar account and approve the transaction

  3. If you have less than 5 USD, we will attempt to charge you the currency equivalent in Canadian dollars

  4. If you don't have the 5 USD currency equivalent in your Canadian Dollar account, then we will decline the transaction

Please note, for charges in Canadian dollars, we will not attempt to charge your other currency balances. Meaning, if you want to make a Canadian dollar purchase please ensure you have sufficient Canadian dollars in your account to prevent the transaction from declining.

See video below for more info:

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