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Many overseas transactions now incur a 3percentt additional charge.
Sotheby's and Christie's both face lawsuits from clients in overseas transactions.
The move comes after the Indian government proposed new legislation that would retroactively tax overseas transactions involving local assets.
Fifa's Transfer Matching System logs the details of overseas transactions and publishes the huge sums involved once a year.
Samantha Owens from financial information service Moneyfacts.co.uk says, "If you get a travel money card with free overseas transactions, check you're not getting charged in other ways.
MONEY When possible, Matt paid for hotels, dinners and tickets using a Visa card from Capital One (which does not charge extra for overseas transactions).
Similar(38)
Anyone from hedge funds betting on the market to a company engaging in a major overseas transaction could have been affected.
Specifically, Tandem says its new credit card brings customers a competitive combination of cashback on all purchases (0.5percentt), no overseas transaction fees, a "market leading" exchange rate, and real time updates when you purchase.
Most cards tack on a three percent overseas transaction fee.
Call your bank and inform them that you approved this overseas transaction.
It is also used in complex overseas financial transactions.
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