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ForeignExchangeFee
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Foreign Exchange
ForeignExchangeFee
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What is the Foreign Exchange Fee (FXF)?
Why is it being introduced?
How much is the FXF?
When is the FXF being introduced?
Who has to pay the FXF?
Will I have to pay the FXF if I buy foreign cash at the bank?
Is anyone exempt from the FXF?
Does the FXF apply to all foreign currency transactions?
Will I have to pay the FXF if I pay for a wire transfer or a bank draft?
What about credit card purchases? Do I have to pay the FXF on them?
If I make a foreign currency purchase and it is cancelled, will I get a refund on the FXF I paid?
How about if someone sends me money from overseas. Will I have to pay the FXF then?
Will I have to pay the FXF if I convert foreign currency to Barbados dollars?
Will I have to pay the FXF if I use foreign currency to pay for something at the cash register?
I have a foreign currency account. Will I have to pay the FXF?
Does the introduction of the FXF reduce my annual foreign currency allowance?
Guidelines for Foreign Exchange Fee
Exempt Transactions
FXF Booklet
List of Statutory Bodies