What is the cost of foreign transactions when using the Robinhood debit card for buying and selling digital currencies?

3 answers

• Saurabh UpadhyayNov 28, 2021 · 4 years ago
  When using the Robinhood debit card for foreign transactions involving digital currencies, there may be fees involved. These fees can vary depending on the specific transaction and the currency being used. It's important to check with Robinhood or your bank to understand the exact fees and charges associated with foreign transactions. Additionally, keep in mind that exchange rates may also impact the overall cost of the transaction. It's always a good idea to compare fees and exchange rates across different platforms to ensure you're getting the best deal.
  562

  281
• Jamison OlsenOct 27, 2022 · 3 years ago
  Using the Robinhood debit card for foreign transactions with digital currencies can come with certain costs. These costs may include foreign transaction fees, currency conversion fees, and potential fees from the digital currency exchange. It's recommended to review the terms and conditions of your Robinhood debit card and consult with the platform or your bank to understand the specific fees and charges involved. Additionally, consider factors such as exchange rates and any potential limits or restrictions that may apply to foreign transactions.
  552

  184
• Gelan ManAug 20, 2022 · 3 years ago
  When it comes to foreign transactions involving digital currencies and using the Robinhood debit card, it's important to be aware of the potential costs. While Robinhood itself does not charge foreign transaction fees, there may still be fees imposed by the digital currency exchange or your bank. These fees can vary and it's advisable to check with the respective platforms or institutions to understand the exact costs involved. Additionally, keep in mind that exchange rates can also impact the overall cost of the transaction. It's always a good idea to compare fees and exchange rates across different platforms to ensure you're making an informed decision.
  663

  166