Get Your Us Bank Foreign Transaction Fees Waived In 4 Steps

iEditorial Note: These blog posts represent the opinion of DoNotPay’s Writers, but each person’s situation and circumstances vary greatly. As a result, you should make sure to do your own independent research. Because everyone is unique, our self-help tools are never guaranteed to help with any specific situation. DoNotPay is not a law firm, is not licensed to practice law, and is not equivalent to the services of a licensed lawyer. DoNotPay provides a platform for legal information and self-help, and does not offer legal services. Third party news articles mentioned on our website do not necessarily reflect the views of the company, or the current services that we offer.

How To Get US Bank’s Foreign Transaction Fees Waived With DoNotPay

Financial institutions charge a transaction fee for purchases or cash advances performed with a . The fee ranges from 0% to 3% of the transaction amount. The fee is a surcharge to cover the costs related to currency conversion. It doesn't matter if the transaction was in US dollars. Any transaction processed through an in-country bank uses the country's base currency for settlement, resulting in a currency conversion fee.

For example, you purchase shoes in Germany, costing 200 Euros which is 227.426 US dollars. The transaction moves from the merchant to the transaction processor to a German bank that settles in Euros. Depending on the percentage, those shoes cost between $230.00 and $234.00. That's an added $3.00 to $7.00 for a pair of shoes.

If you use your card for hotel stays, food, transportation, and purchases, those foreign transaction fees can add up. Five nights at a 200-euro a day hotel adds $15.00 to $35.00 to your bill. With a few purchases and three meals a day, your week's stay suddenly costs at least $100.00 more than planned. With DoNotPay, you can get your waived.

How Much Are US Bank's Foreign Transaction Fees?

US Bank charges different transaction fees depending on the credit card being used. Higher-value cards such as the following do not receive a fee:

  • U.S. Bank Altitude® Go Visa Signature® Card.
  • U.S. Bank Altitude Reserve Visa Infinite® Card
  • U.S. Bank Altitude® Connect Visa Signature® Card
  • U.S. Bank FlexPerks® Gold American Express® Card

However, an ATM withdrawal fee is assessed regardless of the credit card being used.

Three US Bank credit cards impose a 3% fee. These include the following:

  • U.S. Bank Cash+™ Visa Signature® Card
  • U.S. Bank Visa® Platinum Card
  • U.S. Bank Secured Visa® Card

What Do Other Banks Charge?

Most financial institutions offer credit cards without . However, individuals must meet monetary requirements. For cardholders that do not qualify for no-fee cards, their fees range from $0.8% to 3.2%. Other financial institutions' foreign transaction fees include:

Financial InstitutionPurchases FeesATM Withdrawal Fees
Bank5$0.8% to 1%$0.8% to 1%
BB&T3%$5.00 plus 3%
Citizens Bank3%$3.00 plus 3%
Fifth Third Bank3.2%$5.00 plus 3.2%
Wells Fargo3%$5.00

How To Avoid Foreign Transaction Fees

If you can't qualify for a zero transaction fee for purchases or cash withdrawals, you can avoid foreign transaction fees by:

  1. Exchanging US dollars for the local currency before traveling.
  2. Exchanging US dollars at a local financial institution once you've arrived.

Traveling with cash does pose risks. Plan your travel to minimize the amount of currency you carry at any time. Avoid currency exchange stations at airports and other public locations. Instead, go to a local bank's currency exchange department. If you have a plan, you can avoid most foreign transaction fees.

How To Get Foreign Transaction Fees Waived

If you want US Bank to waive foreign transaction fees, you must contact customer service or talk to your local branch manager. Most branch managers have the ability to waive bank fees, so it may be worthwhile to make an appointment to discuss waiving fees. If you do not have a relationship with a local branch or are uncomfortable speaking with a branch manager, you can contact the bank-wide customer service department.

Customer service can document your request and forward it to the appropriate individual within the bank. Few customer service agents have the ability to override foreign transaction fees so plan on it taking a few conversations to have the fees removed. Alternatively, you can use DoNotPay's online services to make the requests for you.

How To Get Foreign Transaction Fees Waived With DoNotPay

If you want to Get US Bank Fees Waived but don't know where to start, DoNotPay has you covered with the 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.

Click Submit and your work is done. DoNotPay will make the request on your behalf.

What Other Fees Can DoNotPay Help Waive?

Foreign transaction fees are not the only bank fees that DoNotPay can help waive, and US Bank is not the only financial institution that DoNotPay can work with. DoNotPay can help with:

DoNot Pay can even help you find banks without overdraft fees and those that do not charge overdraft fees on non-banking days. If you want a fast and secure way to get banking fees waived, look to DoNotPay's online services.

Want your issue solved now?