3% fee to deposit into my account in Australia.

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Shamrocker
Posts: 3
Joined: Sun Dec 24, 2023 6:26 am

Hi everyone,
I have just noticed that I am getting charged a 3% international transaction fee when I deposit into my account using my debit card. The bank says this is because the payment is getting processed by an offshore company. In the transaction detail it say's Betfair London. I have made three deposits this year and have gone back and checked and all three have a 3% fee.
Is this happening to anyone else.
Cheers
Archery1969
Posts: 3219
Joined: Thu Oct 24, 2019 8:25 am
Location: Newport

Shamrocker wrote:
Wed Mar 06, 2024 10:16 am
Hi everyone,
I have just noticed that I am getting charged a 3% international transaction fee when I deposit into my account using my debit card. The bank says this is because the payment is getting processed by an offshore company. In the transaction detail it say's Betfair London. I have made three deposits this year and have gone back and checked and all three have a 3% fee.
Is this happening to anyone else.
Cheers
Not sure but that sounds like the Australian banking system is imposing those charges. I am in the UK and if I deposit into my account with debit card then I not charged anything.
Shamrocker
Posts: 3
Joined: Sun Dec 24, 2023 6:26 am

That's what I think, just checking here first to see if I am the only one before bouncing if off Betfair and then returning to my bank.
Anbell
Posts: 2062
Joined: Fri Apr 05, 2019 2:31 am

Shamrocker wrote:
Wed Mar 06, 2024 10:16 am
Hi everyone,
I have just noticed that I am getting charged a 3% international transaction fee when I deposit into my account using my debit card. The bank says this is because the payment is getting processed by an offshore company. In the transaction detail it say's Betfair London. I have made three deposits this year and have gone back and checked and all three have a 3% fee.
Is this happening to anyone else.
Cheers
Bpay is probably free
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