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US Credit Card Forex fees
Hi,
I am from the US and will be living in the UK for at least the next 12 months. I read that the US credit card companies such as First USA and Citibank now charge a 2-3% fee for all foreign currency transactions. I also heard that Capital One doesn't charge a fee (except the standard 1% VISA fee). Does anyone know of the banks that do not charge a fee for foreign currency exchange? Thank you, George |
#2
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George Bozovic wrote:
Hi, I am from the US and will be living in the UK for at least the next 12 months. I read that the US credit card companies such as First USA and Citibank now charge a 2-3% fee for all foreign currency transactions. I also heard that Capital One doesn't charge a fee (except the standard 1% VISA fee). Does anyone know of the banks that do not charge a fee for foreign currency exchange? Given that you're posting from a BU account, I wonder if you're currently based in the Boston area? If so, I'd suggest opening a Wainwright Bank account. The account my partner has with them is called a Value Checking Account (I don't know if it's still available to new customers) and it definitely doesn't charge for foreign ATM withdrawals, and there are no maintenance fees on the account. David -- David Horne- www.davidhorne.net usenet (at) davidhorne (dot) co (dot) uk |
#3
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"George Bozovic" wrote in message om... Hi, I am from the US and will be living in the UK for at least the next 12 months. I read that the US credit card companies such as First USA and Citibank now charge a 2-3% fee for all foreign currency transactions. I also heard that Capital One doesn't charge a fee (except the standard 1% VISA fee). Does anyone know of the banks that do not charge a fee for foreign currency exchange? Thank you, George In the UK: Liverpool Victoria Nationwide JohnT |
#4
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In article , Bob
wrote: Hi, I am from the US and will be living in the UK for at least the next 12 months. I read that the US credit card companies such as First USA and Citibank now charge a 2-3% fee for all foreign currency transactions. I also heard that Capital One doesn't charge a fee (except the standard 1% VISA fee). Does anyone know of the banks that do not charge a fee for foreign currency exchange? Thank you, George Could look into using HSBC, I can't say from experience of the US accou- nt, but my UK HSBC account doesn't charge me for overseas' fees and has been really good about me still using the account, even though I'm livi- ng in the States, pretty good online service. Do you use a UK address for this account ? My dated experience is that a validated EU address is required to open an account. Check out Washington Mutual in the U.S., they have the best nationwide ATM overseas for transaction fee. Don't know about CC though. jay Mon Aug 30, 2004 jay Mon Aug 30, 2004 |
#5
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When we used our Huntington and Pulaski cards last year in London, we had no
extra fees. Check with them to see if that's still true. |
#7
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George Bozovic wrote:
Hi, I am from the US and will be living in the UK for at least the next 12 months. I read that the US credit card companies such as First USA and Citibank now charge a 2-3% fee for all foreign currency transactions. I also heard that Capital One doesn't charge a fee (except the standard 1% VISA fee). Does anyone know of the banks that do not charge a fee for foreign currency exchange? Thank you, George MBNA America doesn't charge a fee. I use it exclusively when traveling outside of the US. Their exchange rate is within a few basis points of the posted exchange rate in the WSJ each day. Larry |
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