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Lawsuit/Settlement

Class Action Lawsuit Investigation Over Online Foreign Transaction Fees

DDG
DDG

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Class Action Lawsuit foreign transaction fees

Class Action Lawsuit Investigation Over Online Foreign Transaction Fees

If you use your credit or debit card abroad you get charged a foreign transaction fee. There are many cards that do not have these fees, and you should always carry one of those when traveling. But sometimes you even get charged a foreign transaction fee while shopping from home. This happens when a credit or debit card purchase is made on foreign websites. Typically, foreign exchange fees range between 1%-3%.

Now a possible class action lawsuit claims that some of these foreign transaction fees are unlawful. This is regarding foreign exchange fees on transactions that were conducted online within the United States but on foreign websites. Although charging these fees on online purchases is not illegal, these fees may violate some bank’s own contracts. The article does not mention any banks by name.

Consumers who were charged foreign exchange fees on their online purchases may be able to take legal action. In addition to recovering the amount that was charged in fees, consumers may be able to collect additional compensation in the form of damages.

HT: Top Class Actions

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

1 COMMENT

  1. I got a thousand dollars or so about a decade ago from Foreign transaction fees on credit cards…

    It’s another Great Recession Deja Vu’ all over…

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