There's a couple cards in Canada that don't change a additional % fx fee, No fee and free card: Brim Mastercard Hometrust Visa Wealthsimple Prepaid Cash Card Fee Cards: Koho Premium Prepaid Visa (
84 Annual) HSBC World Elite Mastercard ($149 Annual) Scotiabank Passport Visa Infinite card ($150 Annual) Answer from selfbound on reddit.com
84 Annual) HSBC World Elite Mastercard ($149 Annual) Scotiabank Passport Visa Infinite card ($150 Annual) Answer from selfbound on reddit.comMastercard
mastercard.ca › home › get support
Mastercard Currency Converter - Currency Exchange Rate Calculator
Mastercard’s currency conversion calculator offers quick foreign currency exchange rates worldwide, to enable cross-border purchases and ATM transactions.
National Bank
nbc.ca › help centre › credit card › fees, rates and limits
What are the fees for a foreign currency transaction on my credit card? | National Bank
This fee is charged on the Canadian dollar amount after conversion. We use the daily Mastercard® exchange rate to convert your purchases and withdrawals into Canadian dollars.
PC Financial
pcfinancial.ca › en › learning-hub › faqs › pc-mastercard-101 › what-is-the-foreign-currency-conversion-charge-on-my-presidents-choice-financial-mastercard
PC Financial
The Foreign Currency Conversion Markup percentage is disclosed in your Disclosure Summary. The Mastercard exchange rate and Foreign Currency Conversion Markup percentage are incorporated into the conversion rate and the Canadian dollar transaction amount shown on your statement.
Wise
wise.com › ca › blog › mastercard-vs-wise-exchange-rate
A closer look at Mastercard and Wise’s exchange rates in Canada - Wise
September 24, 2025 - This rate is set by Mastercard and typically includes a small markup over the mid-market exchange rate. In addition to the exchange rate itself, most Canadian banks add a foreign transaction fee (commonly around 2.5%) on top of the converted amount.
Mastercard
mastercard.ca › home › support - redirected
Interchange rates & fees | Mastercard
Although Mastercard interchange rates have generally been available to merchants by request to acquirers and other card acceptance providers, we want the process to be as transparent as possible. Interchange is a small fee paid by a merchant’s bank (acquirer) to a cardholder’s bank (issuer) to compensate the issuer for the value and benefits that merchants receive when they accept electronic payments.
Reddit
reddit.com › r/personalfinancecanada › do all foreign transactions on mastercard/visa use the mastercard/visa conversion rate plus bank conversion fee (usually 2.5%)?
r/PersonalFinanceCanada on Reddit: Do all foreign transactions on Mastercard/Visa use the mastercard/visa conversion rate plus bank conversion fee (usually 2.5%)?
April 13, 2023 -
My understanding, if your bank charges 2.5%, then it will use the mastercard/visa conversion rate (which is market rate plus a very small amount like 0.4% based on mastercard currency converter), plus 2.5% from your bank.
so my question is, is this always the case, or can one bank use some other conversion rate other than the mastercard/visa one, THEN charge the extra 2.5%?
From CIBC: https://www.cibc.com/ca/pdf/credit-cards/d8419-cibc-dividend-sumbox.pdf
Foreign currency transactions, except Convenience Cheques, are converted to Canadian dollars on or after
the transaction date and before the posting date. You are charged the same conversion rate CIBC must pay,
plus a fee of 2.5% of the converted amount
so this "same conversion rate CIBC must pay" , is that the same mastercard/visa rate, or is it something else?
Top answer 1 of 3
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There's a couple cards in Canada that don't change a additional % fx fee, No fee and free card: Brim Mastercard Hometrust Visa Wealthsimple Prepaid Cash Card Fee Cards: Koho Premium Prepaid Visa ($9 /m or $84 Annual) HSBC World Elite Mastercard ($149 Annual) Scotiabank Passport Visa Infinite card ($150 Annual)
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Pretty much all issuers would use the MasterCard/Visa exchange rates. Only MC/Visa issuer I know of that doesn't is Wise for its Wise MultiCurrency Prepaid Visa card, it uses Wise's own rates for FX.
Wise
wise.com › gb › blog › mastercard-exchange-rate
What is the Mastercard exchange rate? - Wise
December 17, 2024 - This includes when the exchange rate applies, and any other fees or charges you need to know about. You can find out the Mastercard exchange rate, for either a transaction you’re making today or one you’ve made in the past, using the Mastercard currency conversion calculator.
Solaris
solarisgroup.com › en › exchange-rates › mastercard
Mastercard Exchange Rate Calculator | Solaris
Calculate Mastercard exchange rate for your transaction → This calculator makes it possible.
Mastercard
travelprepaid.mastercard.com › rates
Mastercard
if you load Euros to spend in France, no exchange rate or foreign exchange fee will apply.
Ferates
ferates.com › mastercard › cad
MasterCard exchange rates to canadian dollar for today
World currency exchange rates site. Money exchange rates for today. Visa and MasterCard exchange rates. Currency Converter. Charts
CreditCardGenius
creditcardgenius.ca › blog › currency-exchange-rate-fees
Currency Exchange Rate Fees: What Your ...
We cannot provide a description for this page right now
XE
xe.com › blog › money-transfer › what-is-the-mastercard-exchange-rate-and-how-will-it-impact-my-overseas-card
What is the Mastercard exchange rate, and how will it impact my overseas card payments?
May 20, 2009 - Transaction Processing Date: Assume you buy dinner on the first of the month at your preferred restaurant, as mentioned above. Mastercard processes your transaction on the third day. Mastercard will use the currency exchange rate on the third, and not the rate on the first day. Bank Fee: Mastercard is basically a payment processor.
Ferates
ferates.com › mastercard
MasterCard exchange rates to U.S. dollar for today
World currency exchange rates site. Money exchange rates for today. Visa and MasterCard exchange rates. Currency Converter. Charts
ATB Financial
atb.com › resources › rates › mastercard-rates
Mastercard Rates | ATB Financial
If you have a US Dollar Mastercard, all amounts listed below are in US dollars. There are extra fees for some uses of your Card Account. You will be charged the following fee per transaction/request on the date it occurs (unless we say otherwise below). Summary of Rates, Fees, and Disclosures - ATB Personal Mastercards
FinlyWealth
finlywealth.com › blog › are-credit-card-exchange-rates-good
Credit Card Exchange Rates in Canada: Are They Good? | FinlyWealth
July 14, 2024 - For example, according to NerdWallet, most Canadian credit cards charge a foreign transaction fee of 2.5%. The currency conversion process done by Visa or Mastercard also includes a fee, typically around 1%. However, not all credit cards charge ...
Curve
curve.com › blog › mastercard-exchange-rate
Mastercard Exchange Rate: A Simple Guide
March 6, 2025 - Curve uses Mastercard’s real ... currencies. Unlike traditional banks that charge a 1%-3% FX fee, Curve users pay 0% FX fees on weekdays....
Monzo
monzo.com › ecb-rates
Mastercard's exchange rate
Spending abroad should be straightforward. We use Mastercard’s exchange rate with no added fees or charges.
Visa
visa.ca › en_CA › support › consumer › travel-support › exchange-rate-calculator.html
Currency Converter - Exchange Rate Calculator | Visa
Use the converter below to get an indication of the rate you may receive when using your Visa card to pay while travelling internationally.
Moss
getmoss.com › exchange-rates
Exchange rates | Moss
Card payments made in a foreign currency will be converted at the current Mastercard exchange rate. Mastercard exchange rates for all currencies can be found on the Mastercard website. A standard FX fee of 2% of the transaction value will be ...
BMO
bmo.com › pdf › MasterCard_COB_April 10_EN.pdf pdf
MC190-COB (04/15) Version 2 Important information about BMO MasterCard cards
There is no interest-free period on cash advances, including cash-like and gaming transactions, ... U.S. dollar: The exchange rate for converting non-U.S. dollar transactions to U.S. dollars is · the rate charged to us by MasterCard International (“MCI”) plus 2.5%. The exchange rate for