Chances are the last thing on your mind is how you're going to save money
on currency conversion fees, securing pocket cash and on your foreign purchases.
The company believes that this new addition to the market will greatly benefit European Bitcoiners, who can use the card to save money
on currency conversion fees when traveling around the region.
Not exact matches
While there are no set - up or monthly
fees, you will have
fees like an extra 1 percent added
on to each transaction from outside of the U.S., 2 - 5 percent charge above daily bank rate
on currency conversion and a $ 20 charge back
fee.
Travellers using Get4x to search for and compare rates can save
on conversion fees when they lock in a favourable rate through a
currency booking.
RBFCU does not apply a
fee to perform
currency conversion on transactions processed in a foreign country.
For a flat
fee of $ 30 per quarter, the program allows you to buy and sell US securities without paying the usual retail spread
on the
currency conversion.
A typical bank foreign transaction
fee is an additional 2.5 %
on top of the
currency conversion rate.
Discount brokerages that do not offer clients the option to have US dollar accounts will usually charge
currency conversion fees on transactions that take place in US dollars (for example if a client buys shares of a company from a US listed exchange).
from above: «Unlike some of their discount brokerage peers, CIBC Investor's Edge does not have US dollar registered accounts so clients will have to factor in
currency conversion fees into their costs if they plan
on trading US - listed securities.»
It is my understanding that there would be something like a flat
fee of about 20 $
on both ends + I would lose about 4 - 5 % from ridiculous bank
currency conversion rates.
But just using a credit card that doesn't charge foreign transaction
fees is often not enough to make sure you're not paying more than you should be when making purchases abroad — I'm referring specifically to the practice of «dynamic
currency conversion» so if you already know all about this feel free to move
on to another post (there's a pretty good rant about BA here if that's more to your liking).
When you do charge in a foreign
currency, while Visa or Mastercard do convert at a reasonable exchange rate, your bank may apply a 3 % or so
conversion fee on the converted amount, tending to even things out.
Remember, you also won't get a 2 - 1 exchange rate
on any cash advance - you'll only get BZ$ 1.9875 to US$ 1, and possibly a
currency conversion fee of 2 - 4 %.
Not to mention possible
currency conversion fees and such,
on top of having to use another email address and such...