For security and privacy reasons, we can no longer provide account balance information over the phone. Account balance information can be obtained using BelTel, Online Banking, or at ATMs.
NEWEST MEMBERS OF BELVOIR FCU's FAMILY!
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Dixie Bones
- Allegra McCullough & Associates
- Pullen Moving Company, Woodbridge Virginia
VISA INTERNATIONAL NOTICE
Belvoir Federal would like to remind our Members that when a purchase is made in a foreign country, the transaction amount is converted to U.S. dollars, and adjusted by a 1% currency conversion fee. When the transaction is posted to your account, the total amount (purchase amount plus conversion fee) appears as a single transaction on your billing statement. On April 2, 2005, the converted transaction amount started showing separately from the International Transaction Fee on your billing statement. This fee is assessed on all international purchases, credit vouchers, and cash disbursements and is labeled International Transaction Fee 1% .
On April 2, 2005, the exchange rate for transactions in foreign currency is a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate Visa itself receives, or the government mandated rate in effect for the applicable central processing date, plus the 1% International Transaction Fee.
Our Spring 2005 Newsletter indicated this Visa Foreign ATM Transaction Fee. Effective immediately, we will be assessing the 1% fee for all foreign transactions done with DEBIT or ATM cards. We would like to reassure you that this is not a new fee simply a different way of processing it.
MASTERCARD CROSS-BORDER FEE REMINDER
In April 2006, MasterCard implemented the separation of the Cross-Border and Currency Conversion Assessment fees on all international transactions. The Cross-Border fee of .80 of 1% of the transaction amount is assessed on all international purchases, credit vouchers, and cash disbursements and is labeled on your statement as the “MasterCard Cross-Border Fee.” This fee is assessed to all foreign transactions, regardless of whether they were originated in foreign currencies, or US currency. The Currency Conversion Assessment fee is a second fee, and is assessed on all international purchases, credit vouchers, and cash disbursements done in foreign currency. It also appears on your statement as a “MasterCard Cross-Border Fee.” The exchange rate for transactions in foreign currency is a rate selected by MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate MasterCard itself receives, or the government mandated rate in effect for the applicable central processing date, plus the .20 (of 1% of the transaction amount) Currency Conversion Fee.
Effective immediately, we will be passing through the applicable fees for all foreign transactions that are processed by MasterCard or one of its network affiliates. We would like to reassure you that this is not a new fee simply a different way of processing it. Please contact us at 703.730.1800 or 888.50.FBFCU with any questions.
