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CURRENCY CONVERSION FEE

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  • 05-11-2009 9:29pm
    #1
    pissed
    Registered Users Posts: 1,775 ✭✭✭


    Was just checking my online statement and seen the above listed four times on my visa bill. I made four purchases last week in the UK using the card but have never seen these charges on my bill before. Contacted the bank who informed me its the new law and that before the currency conversion fee was included in the one transaction listing but now they have to list them seperately to the actual transaction. Was he feeding me a pile of c**p or is it the truth?


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    #2
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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    #3
    VB1962
    Closed Accounts Posts: 32 ✭VB1962


    Payments Services Directive from the EU - adopted into law in Ireland 2/11/09 (I think) and amongst other things entitles consumers to greater clarity around fees and charges for money transmission around Europe.

    Open to correction but previously hidden in the exchange rate I think.


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    #4
    pissed
    Registered Users Posts: 1,775 ✭✭✭pissed


    Thanks for the reply, so its all above board or so it seems.


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    #5
    wmpdd3
    Registered Users Posts: 9,624 ✭✭✭wmpdd3


    Just as an example, what did it cost you?

    I made a purchase on Monday for £20 it cost me €23.10.

    This includes the fee you paid and the exchange rate. AIB VISA ( the older one not Be)


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