Foreign Exchange (FX fees) Fees

If you notice a charge you do not recognize, it might be a foreign transaction (FX) fee. Each quarter, KleerCard reviews charges from outside the United States and passes on any foreign transaction fees to your account. You may also be charged this fee for purchases made within the United States if the merchant is located in a foreign country. The fee appears as a single transaction on your statement each quarter, at a rate of 2%.

To see which charges have FX fees, export your charges using the FX Fee Export.

Getting started:

Open Settings, then under Accounting select Universal exports. Click "+ New charge export." In Step 1, enter a name and description. In Step 2, select the "FX Fee Export" preset. Click Save, and your export is ready. To edit the columns, click into the export's row after it is created.

Next, go to the Charges tab. Use the filter to select a date range (for example, all of July). Select the charges you want, then click Download at the top of the table and choose your FX Fee export to generate the CSV.

Open the file and review the "FX Fee" column to see which transactions incurred foreign transaction fees and the corresponding merchant.

Foreign Exchange (FX fees) Fees

Foreign transaction fees (or FX fees) are a fee associated with a charge made outside the US. You can find which charges have FX associated with them with a simple charge export.