|By Tom and Lydia Dodd (New BonaireTalk Poster - Post #4) on Friday, January 7, 2011 - 11:11 am:|
Most of the credit card companies charge an international surcharge. I thought this was for currency conversion, but a bill in US dollars from Bonaire used to get hit with this charge. Someone told me last year that when the Bonaire currency became officially the US dollar that the surcharge would end. Does anyone know if this is true? I plan to call my card company, but wanted any input in advance of the call.
|By KOB (LBR32) (Experienced BonaireTalker - Post #377) on Friday, January 7, 2011 - 12:32 pm:|
I suspect not. I believe that it's the international banking replationships (local bank in foreign country & correspondent bank in US) that generate the fees, not the pure c/c transaction. I think we will still continue to see transaction fees even though purchases on BON will be in USDs.
|By Bruce Zavon (Experienced BonaireTalker - Post #166) on Saturday, January 8, 2011 - 9:50 am:|
We've used a Chase Visa card here for years. The merchant like Wil's or Warehouse Foods converted the guilders to dollars, charged the card, and no transaction fee. So I don't think this changed on 1/1. May depend on the bank issuing the card. FWIW, Bank of America charges a 3% fee for foreign transactions in Europe (don't know about Bonaire), Capital One does not.
|By Bea and Marvin Jones (Experienced BonaireTalker - Post #186) on Saturday, January 8, 2011 - 11:18 am:|
Most U.S. banks now charge the 'foreign transaction fee'. We even got hit with one from Puerto Rico (go figure)! We have one card at only 1%, the others are 3%. This is even on Bonaire where they convert the charge to dollars.
|By Jake Richter - Richter Art Gallery (Supreme BonaireTalker - Post #6620) on Friday, January 28, 2011 - 9:22 pm:|
I know that Citi, BofA, and Citizens all charge a foreign exchange fee for US$ charges on Bonaire. And in most cases will also tack on 3% for US Dollar ATM withdrawals on Bonaire. What a scam.
|By Hope Morris (New BonaireTalk Poster - Post #8) on Saturday, February 12, 2011 - 12:21 pm:|
|By Hope Morris (New BonaireTalk Poster - Post #9) on Saturday, February 12, 2011 - 12:24 pm:|
Correction - I have a Savings Account (and a credit card) with Capital One
|By Jake Richter - Richter Art Gallery (Supreme BonaireTalker - Post #6625) on Saturday, February 12, 2011 - 12:36 pm:|
Hope, I found in the first week of January that the ATM machines from RBTT did not charge an additional fee (but the displays said they would charge $3 - so it might have been an error that I wasn't charged). My wife later used the MCB ATM at Warehouse and was charged the $3 (after being informed that would be what they charge).
|By Jake Richter - Richter Art Gallery (Supreme BonaireTalker - Post #6628) on Saturday, February 26, 2011 - 11:45 am:|
I just found an interesting article from December:
Visit: The Bonaire WebCams - Current Bonaire images and weather!
The Bonaire Insider - the latest tourism news about Bonaire
The Bonaire Information Site, InfoBonaire
Search Bonaire - Search top Bonaire Web sites