Does TD debit also charge you forex fee when you use paypal to send USD?
I want to send USD to my friend using my TD account on paypal. I know that if I use TD credit card there's a forex charge (on top of the $5 charge for sending) but is it the same case when you use debit? Thanks!
Hey all, So I'm planning on going with an AmEx trifecta, I looked over the calculator and I'll net more from the rewards points than from the Chase trifecta. However, I want an additional card to use internationally due to AmEx's limited acceptance abroad, and I'd like this card to be either a Visa or MasterCard with no foreign transaction fee and no annual fee. I'd greatly appreciate any suggestions for options I might have!
Stubhub refund in different currency triggers forex fees. Is this legit?
I sold tickets on Stubhub for events in Canada. Stubhub paid me, sometimes in USD and sometimes in CAD, to my PayPal account. These events were just officially cancelled and Stubhub sent an email saying they would charge me for the cancelled events. They immediately charged one of my credit cards on file, a USD Amex, in CAD for all of the events. The resulting credit card forex fees were $90. Of course I agree I should re-pay Stubhub for the cancelled events. My issue is that 1) they arbitrarily used a different payment method than how the transaction was originally carried out (Paypal vs credit card) and 2) they sometimes charged the refund in a different currency than the original transaction. I assume they've covered themselves with their TOS, and I'm out $90. It's just infuriating because I would have happily and immediately paid them in whatever currency they wanted if they had just asked before proceeding to charge my USD card. Is this type of thing allowed? PS I should mention I'm not a professional scalper - I moved cities and needed to sell season tickets I had from before. After stubhub fees, I barely break even.
Best CAD CC for no FOREX fees & CB on high spend categories
For the longest time, I’ve had the PCF WE MC that isn’t really all that useful to me as most of my purchases are for dining out and groceries (getting back 1%) and I don’t shop at most of these loyalty stores anymore (Shoppers, Loblaws, No Frills, etc). Anyone have recommendations as to the next best option for someone who already has a great AMEX Cobalt card (that’s barely accepted by any merchants) and would like a card to replace my PCF WE so I have a card that I can actually use when my AMEX isn’t accepted? FWIW, some merchants actually charge a fee to use AMEX... Looking for most, if not all, of the following features sorted by order of preference:
wide acceptance w/ merchants
cash back >1% (especially for dining out, groceries, recurring bills)
low or no annual fee (no fee preferably as I plan to split expenses between two cards)
no forex fees (or extra CB for foreign exchange transactions to offset)
trip cancellation/interruption insurance (one of the biggest drawbacks of the AMEX Cobalt and PCF WE)
allows gaming-related transactions (withdrawals or at least deposits from/to casino-related merchants - this is more of a want than a need)
I feel like the Rogers WE, which has been SEVERELY devaluated, still satisfies what I’m looking for but would like to evaluate any other options. 🍻 P.S. Does anyone know if Visa or AMEX allows for gaming/casino purchases? I know MC works.
I'm going overseas for a month. I'm looking at a 0 foreign exchange credit card. I'm not really interested in spending $100/year on a card (not yet anyway) and I have other cards that I use for my day to day expenses. I'm leaning towards Home Trust - but the not changing the pin, 10 transactions etc sounds pretty annoying. Are my only other options Rogers/Fido? (Are there differences between those two really?). I honestly will probably use this while I'm travelling then ignore it until next time I leave the country.
If I have a no-forex-fee US credit card, does it make sense to use it right now in Canada since I'm basically paying 69% of the price (since I'm not losing anything to conversion fee)?
I have the Bank Amerikard travel VISA, which has no foreign transaction fee for credit card payments. Does it make sense for me to use it for all my credit card uses in Canada at the moment when it's 1.45:1? Is there any reason for me NOT to do that?
Living in another country for 5 months, how can I avoid forex fees?
I'm a Canadian citizen and all my bank accounts and credit cards are Canadian. All the accounts/cards I have charge a 2.5% fee for foreign currencies. I'm going to be studying in Sydney, Australia from January-May of next year. 2.5% normally isn't much, but if I'm going to be living there, buying food, clothes, living expenses and pretty much everything, in AUD, what can I do to avoid paying as much forex fees as possible? I've already applied to certain cards that don't have a forex fee, but I'm worried they won't get accepted/arrive on time before I leave. What else could I do to try and save myself on these fees? 5 months is going to add up to a lot :(
What is your preferred method of saving on fees while travelling to the UK? We are eyeing up the possibility of using our Amex Cobalt for food/drink purchases. Seems like with foreign transaction fee and the points combined we come out a bit ahead still. We haven't done any currency purchasing yet, looking at posted rates and considering this. Thought Id check with the PFC hive first!
Question: What is the best card for international travel? (ie. No forex fees and other perks)
Hi everyone, I’m going to Europe for a month and wanted to know which credit card has the best offerings for international travel! I’m looking for no foreign transaction/exchange fees, and any other perks that might make it better than the competition! Thank you!
Received this notice from TD: Foreign currency transactions with your TD Access Card 1) Fee when you use a TD Access Card to make a foreign currency withdrawal at an ATM outside Canada 2) Make a foreign currency debit purchase outside Canada using a TD Access Card with a Visa Debit logo CURRENT: 2.5% of the Canadian dollar amount after conversion of the foreign currency amount at the rate set by Visa Internationa MAY 1: 3.5% of the Canadian dollar amount after conversion of the foreign currency amount at the rate set by Visa International
So I just found out recently that when I purchased US stocks with CAD on Questrade. They hid the forex fee through the conversion rate. This whole time when I was reviewing my trades I thought the exchange between CAD / USD was pretty much on par since it mentioned $0.00 commission. So after buying about $17k of stocks, it seems that I lost about $450 USD from conversion :( which is a lot for a 22 year old student who doesn't earn much. Is there a way I can avoid the extra conversion costs? I don't have a US chequing account so could I bring USD to a bank and then send the money to questrade with US cash that I exchanged somewhere else at a lower cost. Another option is swap my portfolio to Interactive Broker now that my portfolio is >$10k? But I'd need to wire the money over to then.
So What Are Swap Fees In Forex? So you will only get charged a swap fee when you keep a trade open overnight. This fee is basically the difference in interest rate between two different currencies of the particular pair you have the open trade on. This calculation comes down to if you are in a long or short. FOREX.com also offers a commission-based account. Commission accounts incur a fee of $5 per trade but have reduced spreads when compared to its standard accounts. FOREX.com is a trading name of GAIN Global Markets Inc. which is authorized and regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law of the Cayman Islands (as revised) with License number 25033. FOREX.com may, from time to time, offer payment processing services with respect to card deposits through ... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. If the broker charges a handling fee of 0.5% (which is mostly administrative, or a fee for providing leverage), the total overnight interest is – 1.5% (- 1% – 0.5%). Calculation formula : Swap = [contract size x price x (interest rate differential – fee)] / 360 days
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