Which US banks don't charge foreign transaction fees?
Your credit card will likely have a foreign transaction fee of around 3% if it is from Chase, PNC, Bank of America, Barclays or U.S. Bank, which charge foreign fees on most (but not all) of their cards. Your credit card will not have a foreign transaction fee if it is from Capital One, Discover, USAA, PenFed or HSBC.
Your credit card will likely have a foreign transaction fee of around 3% if it is from Chase, PNC, Bank of America, Barclays or U.S. Bank, which charge foreign fees on most (but not all) of their cards. Your credit card will not have a foreign transaction fee if it is from Capital One, Discover, USAA, PenFed or HSBC.
| Credit Card | Foreign transaction Mark-up Fee |
|---|---|
| HDFC Bank Diners ClubMiles Credit Card | 3.00% |
| Axis Bank Burgundy Private Credit Card | 0.00% |
| Axis Bank Magnus Credit Card | 2.00% |
| RBL Bank World Safari Credit Card | 0.00% |
With no international transaction fee on international purchases, a NAB Platinum Visa Debit card lets you make the most of your money when shopping overseas and online, so you can spend your money on the things you want.
Banks that have no foreign transaction fees on at least some credit card purchases, ATM withdrawals and debit card transactions include Capital One and HSBC. There are also plenty of banks that offer no foreign transaction fees on certain types of financial products, but not others.
The rule is that if a foreign bank is involved in the transaction, there will be a foreign transaction fee. Transactions in other currencies will first be converted to U.S. dollars. After that, Citi adds the 3% foreign transaction fee.
| Credit Card | Annual Fee |
|---|---|
| IndusInd Legend Credit Card | Joining fee: Rs. 9,999 (Nil if applied through Paisabazaar) |
| HDFC Diners Club Black Credit Card | Rs. 10,000 |
| Axis Bank Reserve Credit Card | Rs. 50,000 |
| ICICI Bank Emeralde Credit Card | Rs. 12,000 |
| S . No. | Best International Money Transfer Service Providers | Rating |
|---|---|---|
| 1 | BookMyForex | 4.5/5 |
| 2 | CurrencyFair | 4.3/5 |
| 3 | Axis Bank | 3.7/5 |
| 4 | ICICI Bank | 3.6/5 |
The best way to avoid foreign transaction fees is to acquire a no-foreign-transaction-fees credit card, if you qualify for one. Next in line are checking accounts or debit cards with no foreign transaction fee. It is also possible to avoid the fee by paying in the local currency for purchases.
You can pay anywhere in any currency using your Monzo card, fee-free. We pass Mastercard's exchange rate directly onto you, without sneaky fees or extra charges. You can also make fee-free cash withdrawals up to a certain limit (see below).
Does Chase bank have foreign transaction fees?
Chase foreign transaction fees
The Chase debit cards that they show on their website charge a fee of 3% on every transaction you make in a currency that isn't US dollars. That covers ATM withdrawals, cash transactions away from ATMs, and purchases you make with your card.
Visa and Mastercard both charge a fee of 1%. Regardless of the type of credit card, this fee is applied to all transactions. Issuing bank fee: Depending on the credit card you use — such as Citibank, Chase or Barclays — some issuers add a charge on top of the network fee, usually around 2%.
Many Citi checking accounts have foreign transaction fees, but you may avoid them if you're a CitiGold or CitiPriority customer. Credit cards are similar — you could find there's no foreign transaction fee for Citibank AAdvantage credit cards.
No foreign transaction fees on purchases. You'll earn 4% cash back rewards on eligible gas and EV charging credit card spending worldwide, including gas and EV charging at Costco, for the first $7,000 per year and then 1% thereafter.
Does the Wells Fargo Active Cash Card have a foreign transaction fee? We call this a Foreign Currency Conversion fee. There is a 3% fee for each foreign transaction amount converted to U.S. dollars.
Fewer risks when lost.
However, a lost or stolen credit card can mean more risks, like thieves potentially accessing your personal banking details and account funds. Since a lost travel money card is unlikely to result in a stolen identity, some travellers find them a safer choice while abroad.
Worldwide acceptance
According to Visa, cards issued through its payment network are accepted in 200 countries and territories around the world. Meanwhile, Mastercard reports acceptance in 210 countries and territories around the world.
- Best overall: American Express® Gold Card.
- Best for dining: Capital One Savor Cash Rewards Credit Card*
- Best for hotels: Capital One VentureOne Rewards Credit Card (see rates and fees)
- Best for luxury travel: Chase Sapphire Reserve®
- Best for bad credit: Discover it® Secured Credit Card.
Citibank. Citibank is one of the best international banks in the US for expat banking because of their very international model. It currently physically operates in 97 markets 2, supporting clients from more than 160 countries, making access to their ATMs more convenient.
Chase Bank, the consumer banking arm of JPMorgan Chase, has more than 4,700 US branches, over 16,000 domestic ATMs and 32 international banking branches. Chase Bank serves customers in more than 100 countries with offices in the Americas, Europe, North Africa and Asia.
What triggers a foreign transaction fee?
A foreign transaction fee is imposed by a credit card issuer on a transaction that takes place overseas or with a foreign merchant. These fees are typically 1%–3% of the value of the transaction and are paid by U.S. travelers in dollars.
When traveling abroad, though, using your credit or debit card can often be expensive. Foreign transaction fees, service fees, and other charges can make your foreign purchases a lot more expensive than you think. Fortunately, USAA doesn't charge foreign transaction fees.
The U.S. consumer and commercial banking businesses serve customers under the Chase brand. Learn more. We operate in over 60 countries with more than 240,000 employees worldwide.
A foreign transaction fee is a charge assessed by your credit card issuer on transactions made in any currency other than U.S. dollars (USD). This isn't just limited to brick-and-mortar locations abroad. It also includes websites based outside of the U.S.
Thankfully, it's easy to find rewards credit cards without foreign transaction fees. Several other Chase credit cards waive foreign transaction fees. This includes many card options in its travel credit cards lineup. Outside the Chase family, several no annual fee credit cards offer 0% foreign transaction fees.
