Simple Bank Foreign Transaction Fee

Remember you don t actually need to leave american soil to be charged a foreign transaction fee.

Simple bank foreign transaction fee. For example a transaction for 125 may incur a fee of 1 25. The atm limit will not change it s still 500 per day but. You can work around these fees by using that card less frequently which will incur less fees or even by talking to your bank about refunding these fees. Foreign transaction fees are usually a percentage of each purchase.

Simple doesn t charge any monthly or overdraft fees and is a great online bank for first timers. Here are a couple of things to keep in mind if you re planning to use your card outside the us. Atms both foreign and domestic will take the opportunity to charge you a fee for access to your cash. Using your simple card internationally.

The daily spend limit for international transactions is 1 000. Visa mastercard discover amex. If you make an international transaction with your simple card you may incur visa s international service assessment isa fee which is 1 of the transaction amount. A foreign transaction fee is a fee charged by a credit card issuer when a purchase is made in a foreign country or the purchase is routed through a foreign bank.

Foreign transaction fees are at the sole discretion of the issuing bank while the countries in which a card will be accepted depends on the credit card network i e. We can temporarily increase it to the normal daily limit of 6 000 if you give us a heads up in advance with a travel notice.