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What does the ECB rate mark-up mean?

The ECB percentage mark-up reflects the difference between what you pay for your debit card transaction using Ulster Bank foreign exchange rates and fees, versus what you would pay if the transaction was undertaken at the latest ECB rate.

The ECB rate is the foreign exchange reference rate published by the European Central Bank. The ECB sets out the exchange rate for European currencies against the euro (EUR) at 16:00 Central European time, every working day.