Foreign Exchange Rate FAQ

Foreign exchange rates are constantly changing. We update our rates at least once every business day based on current market conditions. Exchange rates are subject to change at any time without notice.

A number of factors contribute to the cost of providing foreign currency services, and the cost factors that apply to foreign currency purchases are different from the cost factors that apply to foreign currency exchanges. For purchases of foreign currency banknotes, these costs include processing costs, costs associated with maintaining foreign currency inventories, insurance costs and the costs of shipping foreign currency from other countries. The difference you see in exchange rates reflects the cost differences between these two types of transactions.

Once your transaction has been confirmed, the exchange rate you received for your order will not change. ^adatext

Here are tips for using your ATM card or debit card at an international ATM.

The exchange rate for international purchases and foreign ATM transactions is set by Visa® or MasterCard®, depending on your card's logo. This exchange rate is either the wholesale market rate or a government-mandated rate on the day before the date the transaction is processed. The processing date may differ from the date of the transaction.

Each time you use your Bank of America ATM or debit card at a foreign ATM or use your credit card with a foreign merchant, an International Transaction Fee applies. For specific information on International Transaction Fees, contact Bank of America Customer Service at 800-432-1000 (Mon-Fri 7 a.m.-10 p.m. and Sat-Sun 8 a.m-5 p.m. local time.) Note that additional fees may be charged when using your Bank of America ATM, debit or credit card outside of the U.S. See your applicable deposit or credit card agreement for details.