Are there fees for charging foreign currency transactions to my Visa Desjardins card?

There is a 2.5% fee for any foreign currency amount charged to your account and converted into Canadian dollars. Here’s how it’s calculated:

  1. The amount of a purchase is converted into Canadian dollars at the exchange rate in effect on the date we receive the invoice from the merchant.
  2. A 2.5% fee is then added to this amount. The exchange rate that is applied is the rate used by Visa Inc.

Consult the Visa currency converter - External link. This link will open in a new window..

 

The resulting exchange rate will include the conversion fee. Do the opposite calculation to find out how many Canadian dollars you paid for a purchase in a foreign currency.

To get the exchange rate without the conversion fees, enter 0 in the Enter Bank Fee field.

The 2.5% conversion fee also applies to cash advances. Interest charges are calculated from the transaction date until the cash advance is fully repaid.

Use the Visa ATM Locator.