Common use of Visa® Debit Card Currency Conversion Clause in Contracts

Visa® Debit Card Currency Conversion. If you effect a transaction with your Visa® Debit Card in a currency other than U.S. dollars, the rate of exchange between the transaction currency and the billing currency used for processing the international transaction will be: (i) a rate selected by Visa® from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa® itself receives, or (ii) the rate mandated by a government or governing body in effect for the applicable central processing date; and in each instance, plus a 1% Foreign Transaction Fee. The Foreign Transaction Fee will apply to all international purchases, cash advances, and account credit transactions.

Appears in 5 contracts

Samples: Deposit Agreement for First Community Credit Union, Deposit Agreement for First Community Credit Union, Deposit Agreement for First Community Credit Union

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.