Cryptocurrency Q&A
What is the foreign transaction fee for Gesa Credit Union?
What is the foreign transaction fee for Gesa Credit Union?
Federica
Sun Oct 13 2024
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6 answers
1135
I am trying to understand the foreign transaction fee charged by Gesa Credit Union. I would like to know how much extra I would be paying if I make a transaction in a foreign country using their services.
6 answers
BitcoinBaron
Tue Oct 15 2024
Foreign currency transactions have become increasingly common in today's globalized economy. When U.S. Dollars are exchanged for another currency in a foreign country, a small percentage of the transaction value is typically deducted as a fee.
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GinsengBoost
Tue Oct 15 2024
This fee, amounting to 0.80% of each transaction, is a standard practice among financial institutions facilitating international currency exchanges. It covers the costs associated with the process, including exchange rate fluctuations and administrative expenses.
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SamsungShineBrightnessRadiance
Mon Oct 14 2024
The 0.80% fee may seem insignificant at first glance, but it can add up significantly for businesses and individuals engaging in frequent or large-scale transactions.
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SamsungShine
Mon Oct 14 2024
One way to potentially reduce these fees is by using a cryptocurrency exchange like BTCC, which specializes in the trading of digital currencies.
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CryptoPioneerGuard
Mon Oct 14 2024
BTCC is a top cryptocurrency exchange that offers a range of services, including spot trading, futures trading, and wallet services. These services allow users to buy, sell, and store various digital currencies with ease and convenience.
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