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    Must currency conversion fees be shown before you pay by card?

    Paying in Swedish kronor or other EU currencies.

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    Short answer

    Yes. Your Europe explains that for EU currencies other than the euro you may still pay a currency conversion fee. The provider, bank, trader or website must tell you the amount of the fee before you agree to the purchase. Card providers must also disclose these fees in their terms and on an easily accessible electronic platform. This matters on trips from Finland to Sweden or Denmark, or when a shop offers to charge you in your home currency.

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    Why

    1. Your Europe says a currency conversion fee may still apply.
    2. The fee must be shown before you agree to the purchase.
    3. Card providers must publish these fees in their terms and online.

    Details

    Within the euro area, payments in euros cost the same as domestic ones. Your Europe says banks must charge the same rate for euro payments across the EU.

    Tip

    When a card terminal abroad offers your home currency, compare it with the local currency before you accept.

    What may differ

    The rules described here apply to EU currencies. Payments outside the EU can follow different terms.

    Common misconception

    Banks can add hidden conversion fees after the purchase.

    What actually happens

    For EU currencies, the fee must be shown before you agree to the purchase.

    People also ask

    • Should I pay in euros or my home currency?
    • Do euro transfers to other EU countries cost more?
    • Can shops charge a card fee in Finland?

    Sources

    This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.

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