2025-08-01

Bank Fee Changes Effective August 1st

VCCPOOL has received notification from our banking partner regarding fee structure changes for cards 428813 and 428803. Effective August 1st, these cards will be subject to new currency conversion and cross-border transaction fees.

Fee Structure Update

VCCPOOL has received official notification from our banking partner regarding important changes to the fee structure for specific card products. These changes will take effect on August 1st, 2025.

Affected Cards and Fee Details

The following card products will be subject to the new fee structure:

Card 428813
Card 428803

New Fee Structure

Effective August 1st, 2025, the following fees will apply:

1. Visa Currency Conversion Fee

Rate: 1.5%
Applicability: Non-USD currency transactions
Exemption: USD transactions are not subject to this fee

2. Cross-Border Transaction Fee

Rate: 1.5%
Applicability: Non-US domestic transactions
Exemption: US domestic USD transactions are not subject to this fee

Important Exemptions

It is crucial to note that US domestic USD transactions will not incur these fees. The fees only apply to:

International transactions in non-USD currencies
Cross-border transactions outside the United States

Impact on Users

These fee changes will affect users who:

Make purchases in foreign currencies
Conduct transactions outside the United States
Use their cards for international travel or online purchases from foreign merchants

Recommendations for Users

To minimize the impact of these fees, users are advised to:

Use USD for transactions when possible
Consider the total cost including fees when making international purchases
Plan ahead for international travel expenses
Monitor transaction statements for fee transparency

VCCPOOL's Commitment

VCCPOOL remains committed to providing transparent and competitive financial services. We will continue to:

Monitor fee structures and negotiate with banking partners
Provide clear communication about any fee changes
Offer alternative solutions where possible
Maintain high-quality customer support

Conclusion

These fee changes are part of the broader financial services landscape and align with industry standards. VCCPOOL will continue to work with our banking partners to ensure the best possible terms for our users while maintaining the security and reliability of our services.

For any questions regarding these fee changes, please contact our customer support team.