by Scott, Playa del Carmen, Quintana Roo, Mexico, Thursday, January 09, 2020, 09:00 (84 days ago) @ Ceejay@burnaby

The difference is if you accept their exchange rate, they withdraw the funds from your account in your home currency (CAD), so you know what you see on the screen is exactly what will be withdrawn. If you decline their conversion, it goes the the traditional way, as an international transaction, including with any foreign currency conversion fees charged by your bank.

I always decline it and let it go through the normal/traditional way. RBC charges me 2.5%, less than 5.5% or whatever HSBC or other banks want to do it.

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