Common use of FOREIGN CHARGES Clause in Contracts

FOREIGN CHARGES. a. All Transactions (including Cash Withdrawals) that are performed in a currency other than Saudi Riyal (the Account’s billing currency) will be converted into Saudi Riyals using prevailing interbank rates selected from usual industry sources on the business day prior to the date of processing the Transaction b. After conversion of the Transaction amount to the Account’s billing currency, We will charge the Cardmember a foreign exchange conversion fee on the converted amount at the rate specified in Annex “A” of this Agreement. The conversion will be made on the date of debiting the Transaction to the Account and this may not be the same date on which the Cardmember performed the Transaction at the Service Establishment. All Transactions performed in currencies other than the Account billing currency or US Dollars will be first converted to US Dollars before being converted to the Account’s billing currency. Amounts converted by independent third parties are billed as converted by them

FOREIGN CHARGES. a. All Transactions (including Cash Withdrawals) that are performed in a currency other than Saudi Riyal Riyals (the Account’s billing currency) will be converted into Saudi Riyals using prevailing interbank rates selected from usual industry sources on the business day prior to the date of processing the Transaction b. After conversion of the Transaction amount to the Account’s billing currency, We will charge the Cardmember a foreign exchange conversion fee on the converted amount at the rate specified in Annex “A” of this Agreement. The conversion will be made on the date of debiting the Transaction to the Account and this may not be the same date on which the Cardmember performed the Transaction at the Service Establishment. All Transactions performed in currencies other than the Account billing currency or US Dollars will be first converted to US Dollars before being converted to the Account’s billing currency. Amounts converted by independent third parties are billed as converted by them