Cryptocurrency Q&A
Why is my bank charging me a foreign transaction fee?
Why is my bank charging me a foreign transaction fee?
ZenBalance
Sun Oct 27 2024
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7 answers
1610
I don't understand this question. Could you please assist me in answering it?
7 answers
Tommaso
Tue Oct 29 2024
Financial institutions such as banks and credit card companies impose foreign transaction fees.
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Carlo
Tue Oct 29 2024
These charges assist them in covering the expenses related to currency conversion.
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CryptoVisionary
Tue Oct 29 2024
The process of converting one currency to another incurs costs.
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Raffaele
Mon Oct 28 2024
International transactions also require processing, which is not free.
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Caterina
Mon Oct 28 2024
The fee structure may incorporate charges from card networks.
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