I recently made a transaction with KeyBank and noticed a conversion fee charged. I'm trying to understand what this fee is all about and how it is calculated. Can someone explain the KeyBank conversion fee to me?
7 answers
HanjiArtist
Fri Oct 11 2024
It's important to note that this fee is not a one-time charge but applies to every international transaction made with your card.
Carlo
Fri Oct 11 2024
In addition to the international transaction fee, KeyBank also charges a separate fee for international ATM withdrawals.
WindRider
Fri Oct 11 2024
For each international ATM withdrawal, KeyBank imposes a fee of $3.00. This fee is in addition to any fees charged by the ATM operator or the foreign bank.
CryptoAlchemy
Fri Oct 11 2024
When using your card for international transactions outside the U.S., KeyBank imposes a 3% fee on the U.S. dollar amount of each transaction. This charge is applied as an international transaction fee.
Leonardo
Fri Oct 11 2024
The 3% fee is calculated based on the total amount of the transaction converted into U.S. dollars. This means that regardless of the currency you are using, you will be charged a percentage of the equivalent U.S. dollar value.