How to Appeal TD Bank INTL TXN (International Transaction) Fees

Fight Bank Fees How to Appeal TD Bank INTL TXN (International Transaction) Fees

Fight TD Bank International Transaction Fees Using DoNotPay

You just got home from a vacation or a business trip outside of the U.S, and when balancing your finances, you realize a deficit in your TD Bank credit card. Where has that amount gone, and can you get it back? Well, what has happened is that TD Bank has been charging you international transaction fees. These charges are usually tucked away in the terms and conditions, but since we all skip reading the T&C sometimes, you might have missed that.

The good news is that DoNotPay can help you fight these charges quickly, easily, and conveniently. Do not let TD Bank exploit you with unreasonable international transaction charges that you can fight.

What Are TD Bank International Transaction Fees?

An international transaction fee is an amount you pay your credit card issuer (bank or other) to make a transaction outside of the U.S. These include costs of traveling or paying an international merchant in another currency besides the US dollar. These prices are usually included in the bank's terms and conditions, but most people are ignorant.

TD Bank charges 3% of the international transaction amount. This amount seems insignificant, and you might easily dismiss it, but if you are transacting large amounts or using your TD card often, they may accumulate to a considerable amount.

Why Does TD Bank Charge International Transaction Fees?

Suppose you pay for goods or services in a currency besides the U.S dollar. In that case, TD Bank will have to convert the dollars into the currency you are paying in based on the foreign exchange rate, which is why a transaction fee is necessary. TD Bank also charges you for withdrawing money from a non-TD Bank ATM outside of the U.S.

Check out the TD international transaction fees compared to other banks

Banking InstitutionInternational Transaction Fees
TD Bank$3 up to 3% of amount
Bank of America$5 + 3% of amount
Chase$5 + 3% of dollar amount
Citi$2.50 non-Citibank ATM fee + 3% of amount

How to Avoid TD Bank International Transaction Fees

Nobody wants to get extra deductions on their credit card, especially when traveling because they need that money most. As such, there are several methods you can use to avoid transaction fees.

  1. Exchange currency before you travel.
  2. Withdrawing and converting your cash at TD Bank before you travel will help keep international transaction fees at bay.

You can pay for anything in the local currency without additional costs. However, keep your money safe, away from pickpockets.

Get a Credit Card That Does Not Charge International Transaction Fees.

One popular credit card that does not charge international transaction fees is the Chase Sapphire Preferred® Card. Additionally, this card awards you points for paying for purchases using the card points, which you can redeem for hotels, flights, dining, and more. You can also use Wells Fargo, Citi, PNC Bank, or Chase bank.

Don’t Withdraw Money from International ATMs without Checking the Costs First.

As a traveler, you should always verify the international charges before using an ATM, regardless of the credit or debit card. You should consider the international ATM fees, the home bank fees, and the currency conversion fees. You can avoid all these charges by choosing a bank that waives these fees or reimburses them.

Ensure Your Credit Card Issuer Reimburses International Transaction Fees

It is also essential to confirm that your credit card issuer reimburses the international transaction fee before using your card to make international transactions.

How to Appeal TD Bank International Transaction Fees

Being one of the major banks in the U.S, TD Bank is flexible in its customers' services. If you are uncomfortable with the international transaction fees they have been charging you, you can appeal and get the amount reimbursed to a certain percentage. You should follow the procedure below

  1. Contact TD Bank by phone or email.
  2. Describe the international transaction fee as it has been charged to your account.
  3. Explain your financial situation and why you wish to get a refund of the foreign transaction fees.
  4. Reference any legal statutes you know that can help back up your case.

If your appeal persuades the bank, they can waive your transaction fees.

Solve the TD Bank International Transaction Fee Issue with the Help of DoNotPay

If you want to fight TD Bank international transaction fees and do not know where to start, DoNotPay can help you in four easy steps

  1. Open the DoNotPay Fight Bank Fees product.

     

  2. Enter the name of your bank.

     

  3. Verify the last 4 digits of your bank account.

     

  4. Choose which fees you want to waive, including overdraft, ATM, and transaction fees.

     

And that’s it! DoNotPay will help you draft a letter that will surely get their attention.

DoNotPay Works Across Many Entities

TD Bank is not the only bank that DoNotPay can help you fight bank transaction fees. This product can also help you with

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