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Foreign Exchange fees on bank cards and credit cards
| bank, credit union, and/or card issuer | network | settlement currenc(y/ies) | ATM FX fee | debit card point of sale FX fee | credit card point of sale FX fee | notes |
|---|---|---|---|---|---|---|
| Affinity Federal Credit Union | MC | USD | 1% | 1% | 1% | Must be an employee of certain companies [1] |
| Alliant Credit Union | Visa | USD | 1% | 1% | 1% | FX rate not disclosed in their fee schedule, but the credit card FX fee appears in this newsletter |
| Ally Bank | Visa / Cirrus | USD | 1% (Visa) / 1%-2% (Mastercard) | 1% | N/A | Reimburses ATM-owner fees with no limit. Daily withdrawal limit of $500/day with an additional $2500/day in debit card purchases (confirmed with CSR, March, 2010) |
| American Bank Online | Visa / Plus | USD | 1% | 1% | 1% [2] | Reimburses ATM-owner fees up to $6 per month [3] for e-checking account holders); n.b.: blocks ATM access to funds if traveling in many countries (e.g. China, Hong Kong) |
| American Express | AmEx | USD | N/A | N/A | 2.7% for personal cards; 2.5% for corporate cards | |
| Bank Direct | Visa | USD | 1% for ATM-only card (not Visa); 1% for Visa | 1% | Reimburses up to 4 ATM-owner fees per month [4] ATM-only card is on the CIRRUS network. Received the $2.50 ATM fee reimbursement even when using an ATM outside the US. | |
| Bank of America | Visa / Plus | USD | 1% at Global ATM Alliance partner banks; 1% + $5 per transaction at other banks | 3% | 3% for most cards; 2% for AAA Visa; 4% for OSU Alumni MC | No fees for ATM withdrawal but 1% FX transaction/exchange rate fee [5] at the Global ATM Alliance in the following countries only: Barclays (UK), BNP Paribas (France), China Construction Bank (China), Deutsche Bank (Germany), Santander Serfin (Mexico), Scotiabank (Canada and Peru), Westpac (Australia and NZ). [6] All fees may be waived for Premier Banking and Private Clients with a call to customer service. Unconfirmed reports claim no more $5 fee for some accounts as of June 7, 2010. |
| Bank of Internet | Visa / Plus | USD | 0% | 0% | $5000 average daily balance in account to avoid monthly fee. Reimburses ATM-owner fees within limits (maximum $8/month) | |
| Bank of the West | MC | USD | 2% | 2% | 2% [7] | |
| Bangor Savings Bank | MC | USD | 0% | 0% | Reimburses ATM-owner fees without limits worldwide within three business days. [8] Requires at least part-time residence in Maine | |
| Barclays | MC | USD | 3% for most cards; 1% for Harvard Alumni Association World MC; 2% for Ameriprise World Elite MC | |||
| BB&T | Visa | USD | 3% plus $5 per transaction | 3% | 3% | |
| BMW Bank | Visa | USD | N/A | N/A | 2% [9] | Cards opened prior to March, 2007 may be grandfathered at 0% fee. Call to inquire regarding your account. |
| Busey Bank | MC | USD | 0% | 0% | 3% [10] | Requires residence in Florida or Illinois |
| Capital One | Visa / Plus | USD | 0% + $1.50 per transaction | 0% | 0% | $500/day limit on ATM withdrawals. Fees for ATM withdrawals from CapOne deposit accounts appear to vary depending on the account-holder's state of residence and/or how the account was opened. Branch-based customers in NY report a $1.50 fee, for example, while there are no fees on deposit accounts opened through CapOne Direct Banking in regions without CapOne branches. Be sure to check the terms for your particular account before traveling. Suggested you call for both credit and deposit accounts before each trip to authorize charges, although their security software may still block international card usage depending on past usage and the country in which the card is used. |
| Chase / Washington Mutual | Visa / MC | USD | 3% + $3 per transaction | 3% | 3% [11] | Remote check deposit available |
| Chevy Chase Bank | Visa / Plus | USD | 3% + $2 per transaction | 3% | 3% | |
| Citibank | MC / Cirrus | USD | 3% + $1.50 per transaction for all accounts except for Citigold, Private Bank, International Personal Banking and Global Executive Banking customers which pay 0%; | 3% for all accounts except Citigold, Private Bank, International Personal Banking and Global Executive Banking customers which pay 0%; | 3% [12] | $1.50 waived at Citi ATMs and may not apply to accounts opened in certain states; $1000/day limit. 3% fee is confirmed to also apply to charges in USD made outside the USA. |
| Citizens Bank | Visa & MC (NYCE / Star) | USD | 3% | 3% | Transitioning from Debit Mastercard to Visa Debit. Credit still being issued as Mastercard. Non-Circle Checking accounts subject to ATM fees. | |
| Coulee Bank | Visa | USD | 0% | 0% | Must have the Rewards Checking account and the associated Visa Debit card. Must meet Rewards Checking requirements [13] Rebate up to $20 in ATM fees charged by the ATM owner as long as the ATM is set up correctly and the fee is separate from the withdrawal amount. The exchange rate will automatically be computed when you withdraw money. Will not charge a foreign exchange fee. | |
| Currency Solutions Exchange | Mastercard | USD | 0% | 0% | Applies to both POUND (BGP) and Dollar (USD) Cards. Specialist in Currency Exchange and Money Transfer, therefore your card transactions will benefit from sharp rates. | |
| Department Stores National Bank | Visa | USD | N/A | N/A | 1% | |
| Digital Federal Credit Union | Visa / Cirrus / CO-OP / NYCE | USD | 2% | 2% | Remote check deposit available | |
| Diners Club | Diners Club | USD | N/A | N/A | 3% for all cards issued in US / Canada (start with '5'); 1.5% for all cards issued in Belgium / Luxembourg [14]; 0% for all other cards issued outside US / Canada (start with '36') | |
| Discover | Discover | USD | N/A | N/A | 0% | Accepted only in North/Central America, the Caribbean, China, and Japan. Through partnership agreements [15], can be used at locations accepting China UnionPay or Japan's JCB. |
| E*Trade | Visa / Plus | USD | 1% [16] | 1% [17] | 1% | According to secure communication, ETrade "reserves the right to charge 1% but currently does not." Reconfirmed July 2009 there was no fee for overseas usage; on some transactions the rate was even superior to the average daily interbank rate. |
| Everbank | Visa / Plus | USD | 1%; 0.8% for USD transactions | 1% | Reimburses ATM-owner fees up to $6 per month. Remote check deposit available | |
| Fidelity Investments | Visa / Plus | USD | 1% only | 0% ? if linked to mySmart Cash account; 1% otherwise | 1% for amex [18], 3% for visa [19] | Reimburses ATM-owner fees; some users report not seeing any foreign transaction/currency conversion fees when using it overseas even though Fidelity's terms state a 1% fee might be charged by Visa, although it is not always actually charged. Reconfirmed 0% fee with mySmart Cash Account May 2010 (actual charged amount after trip). CSR confirmed 1% fee on 5/29/2010. This 1% is included in the exchange rate, so appears that there is no fee, but itýs there. |
| Fifth Third Bank | MC / Visa | USD | 3% | 3% | 3% [20] | |
| First Citizens Bank | Visa / Cirrus | USD | 1% only (no ATM fee?) | 1% | According to their Disclosure of Products and Fees foreign ATM transactions are 1%. Bank staff insist there is no additional ATM fee. In practice, however, this has not yet been confirmed. | |
| First Tech Federal Credit Union | Visa | USD | 1% | 1% | 1% | Must be an employee of certain companies [21]. Confirmed via CSR. Remote check deposit available |
| First Internet Bank of Indiana | Visa / Plus | USD | 3% | 3% | Reimburses ATM-owner fees within limits (up to $6/month). This reimbursement includes the 3% fee. $750 daily withdrawal limit; Remote check deposit available | |
| FNBO Direct | MC | USD | 3% [22] | 3% [23] | ||
| Frizzell | MC/Visa | GBP | ? | ? | 0% | |
| Halifax | MC | GBP | 1.50 GBP + 2.75% | 1.50 GBP + 2.75% | 0% (Carity card) | No usage fees on the Clarity card, even for cash withdrawal (see 3rd-party article) |
| HSBC | Cirrus / Maestro | USD | 3% at HSBC ATMs; 3% + $1 per transaction at non-HSBC ATMs [24] | 3% [25] | 3% for most cards; 0% for US Premier World Cards ($100,000 deposit account balance) [26] | Some fees waived for Premier accounts. For HSBC direct accounts, up to three third party ATM-owner fees per month reimbursed. Note that some private-label credit cards actually issued by HSBC may have better terms, such as Union Plus [27] |
| ING Direct | Cirrus / Maestro | USD | 3% | 3% | A separate line labeled "Foreign Transaction Charge" equal to 2% of the withdrawal will appear in account activity (on top of the standard MC 1%). | |
| JCB USA | JCB / Cirrus / Star | USD | N/A | N/A | 1.1% | Not widely accepted outside Japan. For US, holder must be resident of CA, CT, IL, NV, NY, NJ, OR, WA, or HI. 1.1% rate confirmed with JCB representative. |
| Lexus Financial | Visa | USD | N/A | N/A | 3% | |
| Meriwest Credit Union | Plus | USD | 1% | 1% | 3% [28] | Must live in Greater Bay Area of Northern California or in Tucson, Arizona [29] |
| Michigan State University Federal Credit Union | Visa | USD | 3% [30] | |||
| NASA Federal Credit Union | Visa | USD | 1% [31] | Must be an employee of NASA or a member of certain organizations [32]; Remote check deposit available | ||
| Nationwide | Visa | GBP | N/A | N/A | 0% (1% outside EU) | |
| Nordstrom Bank | Visa | USD | N/A | N/A | 1% | |
| Patelco Credit Union | Visa / MC | USD | 2% | 2% | 2% | Must live, work, or go to school in certain areas of California or work for certain employers [33] |
| PayPal | MC/Cirrus | USD | 1% + $1 per transaction | 1% | 2.5% [34] | $1/transaction waived on PayPal Business Debit. Note the 2.5% fee on PayPal's fees page is related to transferring money between PayPal accounts of different denominations, not ATM withdrawals in foreign currencies. |
| Pentagon Federal Credit Union | Visa | USD | 1% | 1% | 0% or 2% [35] | Platinum Cashback Rewards card now charges 2$, but gives good cash back on some purchases. The PenFed Promise card charges no fee, but gives nothing back. The PenFed Amex rewards card charges 0% and does have rewards; Remote check deposit available |
| Philadelphia Federal Credit Union | Visa | USD | 1% [36] | 1% [37] | Must live in PA or work for certain employers. [38] | |
| PNC Bank | Visa/Plus | USD | 2.5% + $2 per transaction for Free Business Checking; 0% for other business accounts; 2.5% + $3.50 per transaction for personal accounts | 2.5% | 3% | PNC fee waived and ATM-owner fees reimbursed (up to a monthly limit) if avg. monthly balance is at least $2,500 in certain account types. |
| Post Office | GBP | ? | ? | 0% | ||
| Power Financial | Visa | USD | 0% | 3% | ||
| Presidential Online Bank | Visa / Cirrus | USD | 0% | 0% | $550 daily withdrawal limit. | |
| Saga | Visa | GBP | 1.25 GBP + 2.75% FX + 1.5% w/ floor of 1.99 (debit card) | 1.25 GBP + 2.75% FX | 0% | |
| Santandar | GBP | 1.25 GBP + 2.75% FX + 1.5% w/ floor of 1.99 (debit card) | 1.25 GBP + 2.75% FX | 0% (Zero card) | ||
| Principal Bank / InfiBank | Visa | USD | 3% | |||
| Schwab; bank card issuer: PNC; credit card issuer: FIA | Visa / Plus / Interlink | USD | 0% (0% for bank accounts; 1% for SchwabOne brokerage accounts) | 0% (0% for bank accounts; 1% for SchwabOne brokerage accounts) | 0% (0% for Schwab Bank Invest First" Visa® Credit Card (defunct)) | Reimburses unlimited ATM-owner fees, but often fails to automatically reimburse overseas ATM-owner fees that are not broken out from the withdrawal amount (you will need to call customer service to get these fees reimbursed--save your receipts and hang up and call back if you get a customer service rep who is unfamiliar with the issue). Daily withdrawal limit = $500 for basic card, $1000 for Platinum Check Card (which most customers seem to automatically get with the checking account). Savings account has transaction limits on non-ATM transactions. Visa check card associated with SchwabOne brokerage account is issued by PNC Bank. Literature indicates 1% fee for withdrawals and purchases, but actual usage remains unconfirmed. |
| Simmons First National Bank | Visa / Plus | USD | 1% | 1% | 3% | |
| Stanford Federal Credit Union | Visa | USD | 0% | 0% | 0% | Must be a member of the Stanford Community [39] |
| State Farm Bank | Visa / Plus | USD | 1% | 1% | 1% | Reimburses ATM-owner fees within limits (Up to $10 per statement cycle but no limit if there is a direct deposit or ACH credit within 45 days prior to the foreign ATM transaction). Performs hard pull from all three credit agencies during checking account application process. $1,000 daily withdrawal limit.Remote check deposit available |
| Suntrust | Visa | USD | 0% + $5 | 3% | 3% for most cards; 1% for Singature Visa | |
| Target National Bank | Visa | USD | N/A | N/A | 3% [40] | |
| TD Bank | Visa / Plus | USD | 0% | 0% | 3% [41] | Requires residence in specific states. Reimburses unlimited ATM-owner fees if you maintain a minimum balance of $2500. Old Commerce credit card accounts may have 0% fee, but are being converted to new TD accounts with the 3% fee. |
| The Golden 1 Credit Union | Visa / Cirrus | USD | 1% + $1.50 per transaction | 1% | 1% [42] | Must live in certain counties in CA. Foreign transaction fee of 0.8% for USD purchases overseas. Remote check deposit available |
| Tomato Bank | Visa | USD | 1% | 1% | ||
| TruWest Credit Union | MC | USD | 1% | 1% | 1% | Must live in certain counties in AZ or TX [43]. Foreign transaction fee of 0.8% for USD purchases overseas. |
| UFB Direct | Cirrus | USD | 1% | 1% | Reimburses ATM-owner fees within limits | |
| Umbrella Bank | Visa / Cirrus | USD | 1% | 1% | Reimburses ATM-owner fees within limits | |
| Union Bank of California | MC | USD | 0% + $5 per transaction | 2% | ||
| Umpqua Bank | Visa | USD | 1% | 1% | Must live in Washington, Oregon, or California | |
| University of Michigan Credit Union | Visa | USD | 1% | 1% | ||
| University of Wisconsin Credit Union | Visa / Plus / Cirrus | USD | 1% | 1% | 1% | |
| U.S. Bank | Visa / Plus | USD | 3% + $2 per transaction | 3% | 3% [44] | With their "Gold" account package, they'll waive their ATM fee up to 2x a month. |
| USAA | MC / Maestro / Cirrus | USD | 1% | 1% | 1% [45] | Reimburses ATM-owner fees within limits. Remote check deposit available |
| Valley National Bank | Visa / MC | USD | 3% + $3 per transaction | 3% | ||
| Verity Credit Union | Visa | USD | 1% | 1% | 1% | Must live in Washington State [46] |
| Wells Fargo / Wachovia | Visa | USD | 0% for PMA Checking; 3% + $5 per transaction for all other accounts | 3% | 3% | Some non-PMA accounts may be exempt from the 3% ATM fee (but still subject to the $5/transaction fee). PMA accounts qualify for the first 2 ATM withdrawals w/o fees or unlimited with balance over $100k |
| World's Foremost Bank | Visa | USD | 1% [47] |
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