Tag Archives for forex fees.
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Wanted to shed some light on this topic because I’ve gotten a lot of questions about it since my original post on the Fidelity Cash Management Account from July 2015.
Despite what the Fidelity website says, despite what any phone agent will tell you, Fidelity does NOT charge a 1% conversion fee on international cash advances.
The other day, when I wrote about my experience booking a hotel room in Martinique, I pulled up the Mercez app to see what exchange rate I’d get on $1,118 Euros with the Citi Prestige card.
Lots of cards advertise “no foreign transaction fees” which means they don’t add extra fees to the amount they convert.
Mercez tells you the real rate for each of your cards
But what’s interesting is not all banks convert cash at the same rate.
The amounts can add up, especially if you spend a lot (or live) abroad.
Hello and welcome to Out and Out! My name is Harlan – I’m a points and miles enthusiast who loves to travel. I am interested in personal finance, the power of positive thinking, and the extraordinary journeys that make life worth living.