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Foreign Transaction Fee Savings

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foreign transaction fees

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Business

Business & Economics

Need U.S. dollars for your March break vacation? Tips to save on exchange rates

torontosun

Summary

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79% Informative

Canadians wondering how best to pay for items in U.S. dollars amid spring break season have several options.

Credit cards typically charge foreign transaction fees of about 2.5 per cent on each purchase.

Debit cards from traditional banks generally offer the second -best option, with fees of around 3.5 .

The Canadian dollar has been trading around 70 cents US since late November .

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English

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