Common use of Freedom Debit Card Currency Conversion Clause in Contracts

Freedom Debit Card Currency Conversion. If you conduct an international transaction with your Freedom Debit Card, MasterCard Worldwide will convert the charge into a U.S. dollar amount. MasterCard Worldwide will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently, the currency conversion rate used by MasterCard Worldwide to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated exchange rate or a wholesale exchange rate selected by MasterCard Worldwide for the applicable currency on the day the transaction is processed, which rate may differ from the applicable rate on the date the transaction occurred or when the transaction is posted to your Account.

Appears in 6 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

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Freedom Debit Card Currency Conversion. If you conduct an international transaction with your Freedom Debit Card, MasterCard Worldwide Mastercard will convert the charge into a U.S. dollar amount. MasterCard Worldwide Mastercard will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard Mastercard cards. Currently, the currency conversion rate used by MasterCard Worldwide Mastercard to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated exchange rate or a wholesale exchange rate selected by MasterCard Worldwide Mastercard for the applicable currency on the day the transaction is processed, which rate may differ from the applicable rate on the date the transaction occurred or when the transaction is posted to your Account.

Appears in 5 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

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Freedom Debit Card Currency Conversion. If you conduct an international transaction with your Freedom Debit Card, MasterCard Worldwide Mastercard® will convert the charge into a U.S. dollar amount. MasterCard Worldwide will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently, the currency conversion rate used by MasterCard Worldwide Mastercard to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated exchange rate or a wholesale exchange rate selected by MasterCard Worldwide Mastercard for the applicable currency on the day the transaction is processed, which rate may differ from the applicable rate on the date the transaction occurred or when the transaction is posted to your Account. RBFCU does not charge any fees for foreign currency Debit Card transactions.

Appears in 3 contracts

Samples: Electronic Fund Transfers Agreement and Disclosure, Electronic Fund Transfers Agreement and Disclosure, Membership Agreement

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