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Watchdog to look at foreigh transaction fees

Credit cards
Source: AAP

Australians overseas could have more money in their pockets, with the consumer watchdog set to put exorbitant foreign transaction fees under the microscope. Treasurer Josh Frydenberg has directed the Australian Competition and Consumer Commission to look at excessive amounts charged for currency conversion and using credit cards overseas


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By Dina Gerolymou

Source: SBS



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Australians overseas could have more money in their pockets, with the consumer watchdog set to put exorbitant foreign transaction fees under the microscope. Treasurer Josh Frydenberg has directed the Australian Competition and Consumer Commission to look at excessive amounts charged for currency conversion and using credit cards overseas



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