Q: Can a bank charge you a foriegn transaction fee and when it was a domestic transaction and their was no money conversion
The merchant was a foriegn merchant but the bank didn't even pay that merchant directly just the merchants name was listed on the recipte paypal payed the merchant.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- (916) 704-3009
- View Profile
- Answered
A:
Yes, banks can sometimes charge a foreign transaction fee even when no currency conversion takes place. This often happens when the merchant is based outside of your country, regardless of how the payment is processed. Even if you paid through a platform like PayPal and no direct conversion occurred, the bank might still consider it a foreign transaction due to the merchant's location.
Check the terms and conditions of your bank's foreign transaction fees. Some banks charge these fees whenever a payment involves a foreign entity, even if the transaction is processed domestically. Understanding these terms can help you know when and why such fees might apply.
If you feel the charge is unfair or unclear, contact your bank’s customer service. Explain the situation, and ask them to clarify their fee policy in this context. In some cases, they might reverse the fee or provide further details on how they handle similar transactions.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
