Fee structure holds steady Foreign transaction fees — also known
as currency conversion fees — are added to a purchase when a cardholder uses a card overseas or through a foreign bank.
Foreign transaction fees and rules for the top credit card issuers — Here are the foreign transaction fees, also known
as currency conversion fees, charged by top American credit card issuers to consumers who travel abroad.
Foreign transaction fees and rules for the top credit card issuers — Here are the foreign transaction fees, also known
as currency conversion fees, charged by top American credit card issuers to consumers who travel abroad... (more)
@Bree: I mean, basically zero difference, once you account for all costs (such
as currency conversion fees).
You start off talking about charges for foreign - currency transactions (not really the same
as currency conversion fees), but then you mention the fees for accessing exchange rate data - not really sure what your numerical example is intended to indicate.
Not exact matches
However, brokers may levy many other costs such
as purchase
fees (for some assets such
as unit trusts), Others may guarantee surprisingly low rates only to recoup this through high management
fees or even
currency conversion costs.
Your reasons are the main ones, but I'm surprised nobody mentioned
currency conversion fees as a third income stream.
As long as you can get past the outrageous currency conversion fees charged by brokerages, Canadians can already assemble an ETF portfolio for 20 or 30 basis point
As long
as you can get past the outrageous currency conversion fees charged by brokerages, Canadians can already assemble an ETF portfolio for 20 or 30 basis point
as you can get past the outrageous
currency conversion fees charged by brokerages, Canadians can already assemble an ETF portfolio for 20 or 30 basis points.
Foreign
currency conversion fees are charged when you make a transaction that is converted by a credit card network, such
as MasterCard, Visa or American Express, from Australian dollars to a foreign
currency.
Canadians can pay
as much
as 2.5 % in
currency conversion fees which are hidden in what is known
as «the spread».