FOREIGN TRANSAC ,CY

When making purchases or withdrawing money while abroad, it is important to be aware of foreign transaction fees. These fees, which can range from 1-3%, are charged by credit card companies and banks for processing transactions in a foreign currency. This fee is separate from any international ATM fees that might also be charged. Fortunately, there are options for avoiding foreign transaction fees altogether. One option is to use a credit card specifically designed for international travel, which waive these charges. Another option is to use a bank account designed for global travelers, which also typically have low or no foreign transaction fees. Being aware of these fees before traveling can help to save money and avoid unexpected charges on your statement.