How is the quarterly card fee paid?
Each year your account will be debited $25 by Financial and Business Services Division who will pay your ANZ card Fee as they fall due during the year on your behalf. Back to Top • What about conversion of foreign currency expense? Charges incurred overseas are automatically converted to Australian dollars by ANZ. From 1 April 2005 the Currency Conversion Fee charged by ANZ will be 2.5% of the value of the foreign currency transaction. Transactions will either be converted to AUD or will be first converted to USD then into AUD. The conversion rate used is a wholesale market rate selected by Visa International from a range of wholesale rates one day before the transaction is processed by Visa. Back to Top • What about refunds of foreign currency expense? Charges refunded overseas are automatically converted to Australian dollars by ANZ. But the rate to sell AUD is usually less than the rate to buy AUD. This means the refund, even if done in a split second after purchase, is usually lowe
