FAQ

Questions and answers

Each answer comes from a dated source or from a decision, and links to the guide that gives the sources.

Updated

What is a foreign transaction fee?

A surcharge on a card purchase made abroad or with a foreign merchant. Capital One describes it as a surcharge for a purchase made with a credit card “outside the U.S. or from a non-U.S. company”, and says it “might also apply to a debit card or prepaid travel card transaction”.

Read the guide: Foreign transaction fees explained

How much are foreign transaction fees?

Capital One, on 12 March 2026, says fee charges are “generally 1%-3% of the transaction amount”. Not all card issuers charge one, and it can vary by issuer and by card.

Read the guide: Foreign transaction fees explained

Who gets the fee, the network or the bank?

Under the CFPB’s rule for credit cards it can be either or both: the card issuer, and a third party that performs the conversion, such as the card network. Its example is 1 percent from the network and an additional 2 percent from the card-issuing bank, “a total of a 3 percentage point foreign transaction fee”.

Read the guide: Foreign transaction fees explained

How much do airport currency exchange kiosks charge?

NerdWallet, in an article printed “Updated Sep 14, 2026”, found it “not uncommon to see airport exchanges charging 14% more” than the current IMF exchange rate, with some premiums above 17%. That is NerdWallet’s own finding, not a survey of every kiosk.

Read the guide: Airport currency exchange: what the spread costs

What does a debit card cost at a foreign ATM?

Chase’s published fee schedule, effective 14 June 2026, lists a 3% exchange rate adjustment and a $5 fee for each withdrawal at another operator’s ATM outside the US, and says these may be waived on some accounts. The ATM owner’s own surcharge is on top.

Read the guide: Using a debit card at a foreign ATM

What is an ATM’s own fee?

A surcharge from the ATM’s owner or network, on top of what your card issuer charges. The same schedule says “Surcharge Fees from the ATM owner/network still apply”, and gives no amount.

Read the guide: Using a debit card at a foreign ATM

What is JetSet?

JetSet is a wallet app for paying by phone: you scan the QR code on the till, check the amount and confirm with Face ID. Payments are in JETS, a token on the Stellar network. The company behind JetSet is The JetSet Group Inc.

Read the guide: How JetSet works and what it costs

How do I pay with JetSet?

Scan the QR code on the till, check the amount and confirm with Face ID. The payment goes from your phone to the till on Stellar, with no card networks in between.

Read the guide: How JetSet works and what it costs

Does JetSet hold my money?

No. JetSet never holds your funds. Your keys are made on your phone and stay there.

Read the guide: How JetSet works and what it costs

What does JetSet cost?

JetSet’s own fee is not set yet. How you get JETS is not decided yet. JetSet covers the network fee.

Read the guide: How JetSet works and what it costs

Is JetSet available now?

JetSet is a testnet beta. That means it runs on the Stellar test network. JETS on the test network has no monetary value. Android is coming.

Read the guide: How JetSet works and what it costs

Can I withdraw cash with JetSet?

Not yet. Cash withdrawal at a JetSet machine is coming.

Read the guide: Using a debit card at a foreign ATM

Sources

  1. Consumer Financial Protection Bureau, Regulation Z commentary (comment 4(a)-4.ii.B). Checked .An example of a 1 percent network charge and a 2 percent issuer charge, “for a total of a 3 percentage point foreign transaction fee”.
  2. Capital One, “Foreign Transaction Fees Defined & Explained”. Source dated . Checked .“Generally 1%-3% of the transaction amount.” Currency exchanges may be available at the airport, but “those might charge higher conversion rates than your bank or credit card”. A foreign transaction fee “might also apply to a debit card or prepaid travel card transaction”.
  3. Visa, “Pay the same exchange rate every time”. Checked .From April 2021 one exchange rate is used through authorization, clearing and settlement, with no charge for that change. It does not say what an issuer adds.
  4. NerdWallet, “Traveling Abroad? Order Currency Before You Go”. Source dated . Checked .“Not uncommon to see airport exchanges charging 14% more” than the IMF rate, and some premiums over 17%. NerdWallet’s own finding. Out-of-network ATM fees “usually run about $5 per transaction”.
  5. Chase, “Additional Banking Services and Fees for Personal Accounts”, effective 14 Jun 2026. Source dated . Checked .A 3% exchange rate adjustment and a $5 fee for a withdrawal outside the US, with the ATM owner’s own surcharge still applying. The page says these may be waived on some accounts.
  6. JetSet, the JETS token’s public record (stellar.toml), Stellar test network. Checked .The JETS token’s fixed supply, its locked issuing account, and that clawback is off.
  7. JetSet, home page: how a payment works and where the keys live. Checked .The steps for the person paying and for the till, and where the keys are kept.