2024 Wells Fargo Foreign Transaction Fees (2024)

FAQs

2024 Wells Fargo Foreign Transaction Fees? ›

Wells Fargo Foreign Transaction Fees:

All Wells Fargo cards should work internationally wherever the card's network is accepted – however, there's often a 3% foreign transaction fee, plus ATM withdrawal costs if you're overseas.

The Wells Fargo Reflect Card doesn't have an annual fee. However, it has a 3% foreign transaction fee. You'll want to look at cards that have no foreign transaction fees if you plan on traveling abroad.

Foreign transaction fees generally range from 1 percent to 3 percent and tend to average around 3 percent of each transaction.

Wells Fargo will still notify you if they see anything unusual, so make sure that they have your up-to-date contact information on file before you go on a trip. If your card is ever blocked while you're traveling, call the number on the back of your card and ask Wells Fargo customer service to unblock your account.

Many credit cards waive foreign transaction fees during your first year as a perk but you might incur these fees once the promotional period ends.

Is 3% a high foreign transaction fee? ›

Foreign transaction fees vary, but they're typically around 3% when levied by a card issuer.

Discover® Bank

Discover doesn't charge foreign ATM network or foreign transaction fees. But Discover card acceptance can be limited outside of the U.S., Canada, Mexico and some Caribbean nations. With an HSBC Premier Checking account, customers pay no foreign transaction fees. HSBC also has a worldwide network of ATMs.

It's possible to use a debit card to pay for things when traveling internationally. However, it's always important to be prepared. By planning ahead and taking care with each transaction, people can avoid potential extra expenses such as foreign transaction fees or ATM withdrawals.

Foreign transaction fees can add up fast when using your debit card abroad. The fees are often 1% to 3% of the amount of a purchase, and many banks also apply the fee to ATM withdrawals. Below, we compare the amount financial institutions charge to make an international ATM withdrawal or debit card purchase.