What is the Offshore Service Margin on my credit card statement?
Last Updated: 06 Apr 2021
An Offshore Service Margin is a fee charged by us when you make a transaction in a currency other than New Zealand Dollars.
Overseas transactions will either first be converted into US dollars and then into New Zealand dollars or converted directly at an exchange rate selected by Visa or ASB (as the case may be) from available wholesale rates (or, if applicable, the Government mandated rate).
We charge Offshore Service Margins of 2.10% of the converted New Zealand dollar amount for overseas transactions using your ASB Visa card.
Did this answer your question?
Related Answers
-
Additional or supplementary card fees are charged for each additional card linked to your credit card account. These are charged ...
-
Our credit card interest rates vary, as we issue more than one type of card and the rates can be ...
-
Rather than prevent a payment going out of your account, we will sometimes allow transactions or payments to go through ...
-
Withholding tax is tax paid on interest earned from interest-bearing accounts such as Term Deposits and Savings accounts. ASB deducts ...
-
Yes you can. You can use your card in any ATM machine that carries the International Plus symbol. Please be ...
-
Customers have told us that the statement descriptions for some dishonour fees have not been clear or easily understood in ...
-
Depending on which ASB accounts you have and how you bank, fees on accounts and services vary. There are different ...
-
If you have chosen to receive your statement electronically, and monthly fees apply to your account, you can see your ...
-
No-one likes paying bank fees such as an unarranged overdraft fee. If you go into unarranged overdraft, you can avoid ...
-
Depending on which ASB accounts you have and how you bank, fees on accounts and services vary. There are different ...