MobileRead Forums - View Single Post - Avoiding exchange rate fees? (Buying books outside US)

jlg432 · 04-18-2010, 01:42 PM

Sorry I don't see how you can get away from paying an exchange rate fee unless your are paid in USD's. Even then you would be charged an exchange rate in Europe. That is how bank's make their money. They charge you in either direction.

I agree with the other poster. Keep a USA account open with a debit or credit card access. Keep a balance in the account and pay using that resource.

Then keep an eye on the exchange rate and transfer $$ into the account when the USD is low or basically when you have a good exchange rate.

That's what we do when we go to the UK from Canada.

Added statement:
But beware there may be an additional fee to transfer the $$ overseas from your European acct to the USA acct and then still get charged the exchange rate on top of that.

As stated before - either way there will be a fee.

04-18-2010, 01:42 PM	#3
jlg432 Addict Posts: 237 Karma: 15786 Join Date: Apr 2010 Device: jetBook, ALP, Pandigital 7"Color(Black+ White), Kyros MID7015a	Sorry I don't see how you can get away from paying an exchange rate fee unless your are paid in USD's. Even then you would be charged an exchange rate in Europe. That is how bank's make their money. They charge you in either direction. I agree with the other poster. Keep a USA account open with a debit or credit card access. Keep a balance in the account and pay using that resource. Then keep an eye on the exchange rate and transfer $$ into the account when the USD is low or basically when you have a good exchange rate. That's what we do when we go to the UK from Canada. Added statement: But beware there may be an additional fee to transfer the $$ overseas from your European acct to the USA acct and then still get charged the exchange rate on top of that. As stated before - either way there will be a fee. Last edited by jlg432; 04-18-2010 at 01:47 PM.