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Westpac Foreign currency fees

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oz_mark

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Given the shenanigans that go on with charges when you use a credit card for offshore purchases, I was pleased to see the following on my latest Westpac statement:

Westpac said:
PLEASE NOTE THAT, EFFECTIVE 7 APRIL 2006, WESTPAC
WILL BE DISCLOSING ON YOUR STATEMENTS THE TOTAL
AMOUNTS OF ANY FEES CHARGED TO WESTPAC BY VISA
INTERNATIONAL AND AMERICAN EXPRESS INTERNATIONAL
(IF YOU HOLD AN ALTITUDE AMERICAN EXPRESS CARD) ON
FOREIGN CURRENCY TRANSACTIONS DURING THAT STATEMENT
PERIOD, WHICH WE PASS ON TO YOU. THESE AMOUNTS WILL
BE DISPLAYED AT THE BOTTOM OF EACH STATEMENT.
 
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