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jasonlulu_2000
Joined: 19 Mar 2006
Posts: 879
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 Posted: Mon Dec 08, 2008 11:37 pm Post subject: a bank card sentence |
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Here is an ad on bank cards.
We take a commission charge of 2.25% of each cash withdrawal you make (up to ￡4) and a commission charge of 75 pence every time you use Maestro to pay for goods or services. We also apply a foreign-exchange transaction fee of 2.65%.
MY QUESTION IS " if I withdraw a certain amount of money, should I use a foreign-exchange transaction fee of 2.65% as well as a commission charge of 2.25% ?
What is " foreign-exchange transaction fee of 2.65%." here for? Is it aimed for cash withdrawal or services?or both?
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Lorikeet
Joined: 08 Oct 2005
Posts: 1877
Location: San Francisco
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| Posted: Tue Dec 09, 2008 3:50 pm Post subject: Re: a bank card sentence |
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| jasonlulu_2000 wrote: |
Here is an ad on bank cards.
We take a commission charge of 2.25% of each cash withdrawal you make (up to ￡4) and a commission charge of 75 pence every time you use Maestro to pay for goods or services. We also apply a foreign-exchange transaction fee of 2.65%.
MY QUESTION IS " if I withdraw a certain amount of money, should I use a foreign-exchange transaction fee of 2.65% as well as a commission charge of 2.25% ?
What is " foreign-exchange transaction fee of 2.65%." here for? Is it aimed for cash withdrawal or services?or both?
Thanks |
The way I read it, there is a commission charge of 2.25% for each cash withdrawal. If you pay for something that requires payment in a different country's currency, then you get charge another fee of 2.65%. It seems if you just withdraw the money without changing to a different currency, you wouldn't have a foreign-exchange transaction fee. (Unless you were from a different country.) Hmm I hope that makes sense. Bank English is annoying. |
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