Review your credit card fee policies before traveling outside the U.S. to avoid surprise costs. If needed, apply for a credit card without travel-related surcharges and fees. To avoid high conversion ...

Are all foreign currency gains taxable? No. Under a de minimis exemption individual taxpayers with foreign currency gains of $200 or less on a “personal transaction” do not need to report them. How ...

Are there special hedging provisions for section 988 transactions? Yes. In addition to the business hedging rules I address in our earlier Q&A with Andie series,[1] a special hedging provision is ...

You use your card to make an in-person purchase while you’re outside the United States. You use your card to buy something online that’s sold in a foreign currency. Generally, the foreign transaction ...

On its website, Nationwide, which serves more than 16 million customers, has stated that if people are travelling overseas ...

Whether an experienced international traveler or a first-timer, managing spending while traveling abroad can be challenging. A foreign transaction fee, typically 1% to 3%, is charged to bank ...

On its website, Nationwide, which has over 16 million customers, said that if people are heading abroad this year, they will ...

Peer-to-peer (P2P) foreign currency exchange platforms safely connect individuals to swap currencies. P2P offers significant savings with no bank or broker fees.

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Many international travellers ...