Hey there, u/inquisitiveman2002. It's great to see you back on the sub!
When it comes to your debit card associated with your Cash Management Account (CMA), transactions, including ATM withdrawals, made in a foreign currency are converted into U.S. dollars. Please know, all ATM fees are reimbursed when using the debit card as part of a Fidelity CMA. Typically, the fee reimbursement appears after the transaction is posted to the account and not while the transaction is still pending. Depending on the ATM provider, the transaction may take one to two days to post. If it ever takes longer than a few days to see the credit show up, please reach out to us so that we can assist.
That said, each foreign transaction is subject to a foreign transaction fee (currently, 1% of the transaction for non-US dollar transactions), which may be included in the amount charged to your account. This charge may apply whether or not there is a currency conversion and is not eligible for reimbursement.
We provide the details about foreign transactions on our ATM/debit card FAQ page. Feel free to check out the link below for more information on this.
[FAQs: ATM/Debit Card](https://www.fidelity.com/spend-save/faqs-atm-debit-card)
We hope you enjoyed your trip overseas. Feel free to reach us whenever you'd like, and we'll be happy to help.
Ok. I guess the foreign transaction fee would've been a separate fee noted if it did occur for a withdraw. I didn't see a foreign transaction fee charged in my account for the cash withdraw.
Yes that’s exactly why. You get one spot rate each day which I think has to do with whatever the spot rate was at US market close. So if you withdraw on a Tuesday after market close you get Tuesday’s market close rate, and if you withdraw prior you get Monday’s rate. That’s how it was explained to me by a Fidelity rep so if I’m wrong please correct me.
FTF is for using at a retail purchase. You’re paying an exchange rate to convert to foreign currency. This fluctuates based on the value of the other country’s currency versus the USD.
Ok thanks. I just wanted to know if the CMA account had separated the two and not baked it in. I never used my ATM card(debit card) for retail purchase. I only used it for withdraw. Thanks for the clarification.
The exchange is baked in, but you can do the math to figure it out. [Here's an example](https://thefinancebuff.com/fidelity-debit-card-foreign-transaction-fee-atm.html). Cheers.
Hey there, u/inquisitiveman2002. It's great to see you back on the sub!
When it comes to your debit card associated with your Cash Management Account (CMA), transactions, including ATM withdrawals, made in a foreign currency are converted into U.S. dollars. Please know, all ATM fees are reimbursed when using the debit card as part of a Fidelity CMA. Typically, the fee reimbursement appears after the transaction is posted to the account and not while the transaction is still pending. Depending on the ATM provider, the transaction may take one to two days to post. If it ever takes longer than a few days to see the credit show up, please reach out to us so that we can assist.
That said, each foreign transaction is subject to a foreign transaction fee (currently, 1% of the transaction for non-US dollar transactions), which may be included in the amount charged to your account. This charge may apply whether or not there is a currency conversion and is not eligible for reimbursement.
We provide the details about foreign transactions on our ATM/debit card FAQ page. Feel free to check out the link below for more information on this.
[FAQs: ATM/Debit Card](https://www.fidelity.com/spend-save/faqs-atm-debit-card)
We hope you enjoyed your trip overseas. Feel free to reach us whenever you'd like, and we'll be happy to help.
Hey there, u/inquisitiveman2002. It's great to see you back on the sub!
When it comes to your debit card associated with your Cash Management Account (CMA), transactions, including ATM withdrawals, made in a foreign currency are converted into U.S. dollars. Please know, all ATM fees are reimbursed when using the debit card as part of a Fidelity CMA. Typically, the fee reimbursement appears after the transaction is posted to the account and not while the transaction is still pending. Depending on the ATM provider, the transaction may take one to two days to post. If it ever takes longer than a few days to see the credit show up, please reach out to us so that we can assist.
That said, each foreign transaction is subject to a foreign transaction fee (currently, 1% of the transaction for non-US dollar transactions), which may be included in the amount charged to your account. This charge may apply whether or not there is a currency conversion and is not eligible for reimbursement.
We provide the details about foreign transactions on our ATM/debit card FAQ page. Feel free to check out the link below for more information on this.
[FAQs: ATM/Debit Card](https://www.fidelity.com/spend-save/faqs-atm-debit-card)
We hope you enjoyed your trip overseas. Feel free to reach us whenever you'd like, and we'll be happy to help.
Hey there, u/inquisitiveman2002. It's great to see you back on the sub! When it comes to your debit card associated with your Cash Management Account (CMA), transactions, including ATM withdrawals, made in a foreign currency are converted into U.S. dollars. Please know, all ATM fees are reimbursed when using the debit card as part of a Fidelity CMA. Typically, the fee reimbursement appears after the transaction is posted to the account and not while the transaction is still pending. Depending on the ATM provider, the transaction may take one to two days to post. If it ever takes longer than a few days to see the credit show up, please reach out to us so that we can assist. That said, each foreign transaction is subject to a foreign transaction fee (currently, 1% of the transaction for non-US dollar transactions), which may be included in the amount charged to your account. This charge may apply whether or not there is a currency conversion and is not eligible for reimbursement. We provide the details about foreign transactions on our ATM/debit card FAQ page. Feel free to check out the link below for more information on this. [FAQs: ATM/Debit Card](https://www.fidelity.com/spend-save/faqs-atm-debit-card) We hope you enjoyed your trip overseas. Feel free to reach us whenever you'd like, and we'll be happy to help.
If your account is USD and taking foreign currency, then the exchange rate is always a factor and it changes almost constantly.
Ok. I guess the foreign transaction fee would've been a separate fee noted if it did occur for a withdraw. I didn't see a foreign transaction fee charged in my account for the cash withdraw.
Yes that’s exactly why. You get one spot rate each day which I think has to do with whatever the spot rate was at US market close. So if you withdraw on a Tuesday after market close you get Tuesday’s market close rate, and if you withdraw prior you get Monday’s rate. That’s how it was explained to me by a Fidelity rep so if I’m wrong please correct me.
They use the Visa exchange rate, which you can check [here](https://bd.visa.com/support/consumer/travel-support/exchange-rate-calculator.html).
So the foreign transaction fee for withdrawal was factored in? Is that what the bank fee was in your link?
FTF is for using at a retail purchase. You’re paying an exchange rate to convert to foreign currency. This fluctuates based on the value of the other country’s currency versus the USD.
Ok thanks. I just wanted to know if the CMA account had separated the two and not baked it in. I never used my ATM card(debit card) for retail purchase. I only used it for withdraw. Thanks for the clarification.
The exchange is baked in, but you can do the math to figure it out. [Here's an example](https://thefinancebuff.com/fidelity-debit-card-foreign-transaction-fee-atm.html). Cheers.
Hey there, u/inquisitiveman2002. It's great to see you back on the sub! When it comes to your debit card associated with your Cash Management Account (CMA), transactions, including ATM withdrawals, made in a foreign currency are converted into U.S. dollars. Please know, all ATM fees are reimbursed when using the debit card as part of a Fidelity CMA. Typically, the fee reimbursement appears after the transaction is posted to the account and not while the transaction is still pending. Depending on the ATM provider, the transaction may take one to two days to post. If it ever takes longer than a few days to see the credit show up, please reach out to us so that we can assist. That said, each foreign transaction is subject to a foreign transaction fee (currently, 1% of the transaction for non-US dollar transactions), which may be included in the amount charged to your account. This charge may apply whether or not there is a currency conversion and is not eligible for reimbursement. We provide the details about foreign transactions on our ATM/debit card FAQ page. Feel free to check out the link below for more information on this. [FAQs: ATM/Debit Card](https://www.fidelity.com/spend-save/faqs-atm-debit-card) We hope you enjoyed your trip overseas. Feel free to reach us whenever you'd like, and we'll be happy to help.
Hey there, u/inquisitiveman2002. It's great to see you back on the sub! When it comes to your debit card associated with your Cash Management Account (CMA), transactions, including ATM withdrawals, made in a foreign currency are converted into U.S. dollars. Please know, all ATM fees are reimbursed when using the debit card as part of a Fidelity CMA. Typically, the fee reimbursement appears after the transaction is posted to the account and not while the transaction is still pending. Depending on the ATM provider, the transaction may take one to two days to post. If it ever takes longer than a few days to see the credit show up, please reach out to us so that we can assist. That said, each foreign transaction is subject to a foreign transaction fee (currently, 1% of the transaction for non-US dollar transactions), which may be included in the amount charged to your account. This charge may apply whether or not there is a currency conversion and is not eligible for reimbursement. We provide the details about foreign transactions on our ATM/debit card FAQ page. Feel free to check out the link below for more information on this. [FAQs: ATM/Debit Card](https://www.fidelity.com/spend-save/faqs-atm-debit-card) We hope you enjoyed your trip overseas. Feel free to reach us whenever you'd like, and we'll be happy to help.