XTB has removed the 0.5% currency exchange commission on its multi-currency cards, which are set to launch in the Polish market in a little over two months. This change applies only to the multi-currency card product, while the 0.5% exchange fee remains on the broker's platform for foreign securities trading.

Virtual Cards Available via App for Payments

The multi-currency cards allow users to pay using funds stored in virtual wallets, which can hold balances in PLN, EUR, USD, GBP, HUF, RON, and CZK. The commission-free exchange applies to all virtual wallet holders without limits or additional conditions. These wallets can be accessed by individuals with an investment account at XTB.

The cards are licensed by Mastercard and issued through DiPocket UAB, an electronic money institution registered in Lithuania. Virtual cards can be created in the XTB app without extra fees and added to Google Pay or Apple Pay for mobile payments. However, physical cards are not yet available.

Multi-Currency Cards Gain Popularity

XTB reports that the product is gaining popularity, with positive user feedback. The company claims that the removal of the currency conversion fee makes its offering the most affordable for the most commonly used foreign currencies in Poland.

In addition to the card update, XTB has stated that it is working on further improvements to virtual wallets, with plans to introduce additional currencies and new features in the near future.