Cryptocurrency Q&A
Do banks charge for international transactions?
Do banks charge for international transactions?
GangnamGlitzGlamourGlory
Sat Oct 26 2024
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5 answers
1390
I'm wondering if banks typically charge any fees for conducting international transactions. I'm planning to make a payment to someone overseas and want to be aware of any potential costs involved.
5 answers
Elena
Mon Oct 28 2024
Global transactions often incur a hidden cost known as the foreign transaction fee.
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HanjiArtistry
Mon Oct 28 2024
This fee is typically imposed by certain banks or credit cards on purchases made in foreign currency.
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SamuraiHonor
Sun Oct 27 2024
The charge is usually a discreet 3% of the transaction amount.
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GwanghwamunPride
Sun Oct 27 2024
It covers essential international processing costs associated with currency conversion.
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Martina
Sun Oct 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services that can help mitigate such fees.
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