BMO foreign currency fee is 2.50%
By Karla CastroUpdated October 31, 2026
BMO's cost of borrowing PDF, valid as of 2 June 2026, says the exchange rate is the rate the payment network charges BMO on the day the transaction posts, plus 2.50% for purchases and minus 2.50% for refunds. The PDF does not name a BMO card that skips that percent.
What the PDF prints
Opened 31 October 2026. Canadian dollar cards convert to Canadian dollars. U.S. dollar cards convert to U.S. dollars. For a BMO U.S. Dollar Mastercard, fees and charges in that PDF are in U.S. dollars. The foreign currency section does not list an exception for eclipse Visa Infinite, Ascend World Elite, or the other cards named in the annual fee table.
The 2.50% is added to the network rate on a purchase, and taken off a refund. The statement amount is the converted figure. It may not appear as a separate line called a foreign transaction fee.
How to avoid a conversion
The PDF does not name a BMO credit card with no foreign currency fee. A purchase already in the currency of the card does not need this conversion. A merchant that converts a foreign price into your home currency before you pay is dynamic currency conversion, which is a different charge from BMO's 2.50%.
Upload the statement on Expenvo. The PDF stays on your device. Expenvo lists the lines. It does not sign in to the bank, and it does not move the money.
Questions
- How much is BMO's foreign currency fee?
- The cost of borrowing PDF valid as of 2 June 2026 adds 2.50% to the network rate on a purchase and subtracts 2.50% on a refund.
- Does any BMO card skip the 2.50%?
- That PDF does not name one. Do not assume eclipse or Ascend is exempt. The foreign currency section does not list an exception.
- Are U.S. dollar BMO card fees in U.S. dollars?
- Yes. The PDF says fees and charges for BMO U.S. Dollar Mastercard cards are in U.S. dollars. The conversion for those cards is into U.S. dollars.