What is the foreign currency fee when using my credit card?

A foreign currency fee is charged when you make a purchase or cash withdrawal in a foreign currency, and also applies to any fees and charges charged by the overseas bank or vendor in relation to that transaction. This fee is also charged when you make online purchases in a foreign currency.

For personal credit or debit cards, the fee is 1.95% of the transaction amount. For business credit cards, the fee is 2.50% of the transaction amount.

Please note the foreign currency fee is also charged when making purchases or cash withdrawals from your transaction, savings or revolving credit account with your Westpac credit card from overseas.

Things you should know.

Depending on the type of transaction you enter into, additional fees or a different exchange rate may apply. If you enter into a foreign exchange transaction with us, you enter into that transaction with Westpac Banking Corporation ABN 33 007 457 141 (acting through its New Zealand branch).

Conditions of Use for the applicable card apply. Rates, transaction and services fees apply.