What Is “FOREIGN TRANSACTION FEE” on My Bank Statement?

Short answer: it's Foreign Transaction Fee charging you 1-3% of purchase.

⚡ Quick Answer
Charge:FOREIGN TRANSACTION FEE
Service:Foreign Transaction Fee
Amount:1-3% of purchase/mo
Category:banking
Legitimate:✅ Yes (if you signed up)

Also Appears As

FGN TRANSACTION FEEFOREIGN TXN FEEINTL FEECROSS BORDER FEE

Why Am I Being Charged?

Same as international transaction fee — your bank charges this when a purchase is processed in a foreign currency or through a foreign bank. Typically 2-3% of the transaction amount. This fee appears as a separate line item on your statement.

Common Reasons for This Charge:

How to Cancel Foreign Transaction Fee

Switch to a no-foreign-transaction-fee card for international purchases. Cards like Capital One Venture, Chase Sapphire, Apple Card, and Discover charge $0 in foreign transaction fees.

Don't Recognize This Charge?

Contact your card issuer. If the underlying charge was unauthorized, dispute that charge and the fee will be reversed automatically.

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Similar Mystery Charges

POS DEBITPoint-of-Sale Debit TransactionACH DEBITACH Electronic DebitRECURRING PAYMENTRecurring/Automatic PaymentINTL PURCHASE TRANSACTION FEEInternational Transaction Fee

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