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Banking regulators are also investigating JPMorgan's so-called correspondent banking business, in which it relies on foreign banks to process transactions overseas.
There are exceptions, with Metro Bank (Europe only) and Norwich & Peterborough building society debit cards offering fee-free transactions overseas, and Halifax Clarity, Saga and the Post Office among the top credit cards for use outside the UK.
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Most high street banks add fees to transactions made overseas and give a poor exchange rate.
We said the Cayman Islands' upcoming budget would increase fees on bank transactions and overseas financial transfers.
In Baghdad, a fire believed to have been started by arsonists set offices of the Iraq Central Bank ablaze early Monday morning, torching several floors and destroying documents that American officials said included contracts and records of financial transactions with overseas companies doing business in Iraq.
Seventy percent of the dollars printed end up being used as transaction money overseas.
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.
OVERSEAS FEES CAN ADD UP To the Editor: Many people don't realize the additional fees that credit cards and banks charge for overseas transactions.
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