KeyBank foreign transaction fees: Complete guide

KeyBank® is a popular financial provider for checking and savings accounts. You can use your KeyBank debit or credit card in the US or overseas.

However, spending abroad is likely to incur fees. We take a look at exactly how much it costs to use your KeyBank card outside the US, including KeyBank’s foreign transaction fees and ATM charges.

We'll also introduce the Wise account, which allows you to send, spend, and receive your money across the globe in over 40 currencies – all at the fair mid-market rate.

Learn more 🔎

Table of contents

Does KeyBank have foreign transaction fees? Which KeyBank cards have foreign transaction fees? KeyBank debit card fees KeyBank credit card fees Everywhere money. Meet Wise: the world's most international account How do I avoid foreign transaction fees? KeyBank cards with no foreign transaction fees What are KeyBank's international ATM fees? Dynamic Currency Conversion KeyBank international exchange rates Tips for using ATMs and cards abroad

Does KeyBank have foreign transaction fees?

KeyBank offers a range of checking accounts, loans, debit cards, and credit cards for US customers. The provider charges foreign transaction fees for some transactions, including international debit and credit card purchases.

You’ll pay 3% for all global transactions using your debit or credit card.¹ Some accounts also charge for KeyBank international wire transfers and ATM cash withdrawals abroad.

For example, you’ll pay 45 USD to send a global wire transfer from your Key Smart Checking® account or 5 USD to take out cash overseas.¹

Which KeyBank cards have foreign transaction fees?

KeyBank’s debit and credit cards have foreign transaction fees for purchases outside the US. You’ll also pay an exchange rate to convert your US dollars into the right currency — and global ATM fees may apply.

Let’s take a closer look at which KeyBank cards have foreign transaction fees, including KeyBank credit and debit cards.

KeyBank debit card fees

KeyBank’s debit cards are a good option for everyday transactions in the US. You can use your card to earn interest, pay debt, and get cash rewards.²

However, you’ll need to think about KeyBank’s debit card foreign transaction fees. Let’s take a closer look at how much it costs to spend abroad.

Card	Foreign transaction fee	Other fees
Key Smart Checking® debit card	3% fee for international purchases with your debit card¹	Minimum account opening deposit: 10 USD³ Using an ATM outside the US: 5 USD¹
KeyBank Hassle-Free Account® debit card	3% for foreign transactions⁴	Minimum opening deposit: 10 USD⁵ Using an ATM outside the US: 5 USD⁴
Key Select Checking® debit card	3% debit card foreign transaction fee⁶	Minimum account opening deposit: 50 USD Monthly maintenance fee: 25 USD⁷

KeyBank credit card fees

You can use your KeyBank credit card to earn interest, build your credit, and get cashback rewards on certain purchases.⁸

Let’s take a look at how much it costs to spend abroad using your credit card, including KeyBank’s credit card foreign transaction fees and other charges.

Card	Foreign transaction fee	Other fees
Key Cashback® credit card	3% foreign transaction fees (excluding purchases in Canada)⁹	10 USD or 4% balance transfer fee Late payment fee — up to 40 USD⁹ Mastercard®’s exchange rate applies to foreign currency transactions¹⁰
KeyBank Latitude® credit card	3% credit card foreign transaction fee (excluding Canada)¹¹	10 USD or 4% balance transfer fee 10 USD or 5% cash advance fee¹¹ Mastercard®’s exchange rates apply¹⁰
Key Secured Credit Card®	3% fee for all foreign transactions — online and in person (excludes Canadian transactions)¹²	Up to 40 USD late payment fees¹³ Mastercard®’s exchange rates apply to foreign currency purchases¹⁰
Key2More Rewards® credit card	3% foreign transaction fee (excluding Canadian transactions)¹⁴	10 USD or 4% balance transfer fee 10 USD or 5% cash advance fee¹⁴ You’ll pay Mastercard®’s currency conversion rate for payments in a currency other than US dollars¹⁰

KeyBank’s foreign transaction fees and rates depend on your location. Make sure to look into any costs for your zip code via the KeyBank website.

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Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees from 0.41%*.

Open a free personal Wise account online or in the Wise app, and order a linked debit card for spending and withdrawals in 145+ countries.

There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about.

Use your account when you travel or shop online in foreign currencies, send payments to 40+ currencies, and get your own local account details to get paid from 145+ countries.

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Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

How do I avoid foreign transaction fees?

There are a few ways to avoid foreign transaction fees abroad. Look into exactly how much your bank charges for international purchases before using your card.

Some banks may offer certain exceptions or discounts. You may also be able to get a no-fee international debit card from some financial providers.

Avoid withdrawing large sums abroad, as many banks charge ATM fees, foreign transaction fees, and exchange rates for international withdrawals.

If you do need cash, it’s typically better to withdraw one large sum rather than a few smaller sums, as you can avoid paying multiple ATM withdrawal fees.

Open an account with a money transfer provider like Wise to save on foreign transaction fees and exchange rate markups.

Wise won’t charge a fee for the first two ATM withdrawals each month if the total combined withdrawal amount does not exceed $100. After $100 is withdrawn in a month, any amount in excess will be charged a 2% fee.

After your first 2 withdrawals, there's a $1.50 charge per withdrawal. The ATM operator may charge their own fees.

KeyBank cards with no foreign transaction fees

All KeyBank cards come with foreign transaction fees for international purchases. You’ll pay 3% to use your credit or debit card abroad.

However, there may be some exceptions. KeyBank credit cards don’t add foreign transaction fees for Canadian transactions, for example.¹⁴

Exchange rate charges may also apply for foreign currency transactions. KeyBank credit cards use Mastercard®’s exchange rate to convert currencies for international purchases. This rate may fluctuate.¹⁰

What are KeyBank's international ATM fees?

KeyBank charges international ATM fees for cash withdrawals abroad. This includes withdrawals at KeyBank and non-KeyBank ATMs.

You’ll pay 5 USD to withdraw money overseas using your Key Smart Checking® account¹ or KeyBank Hassle-Free Account®.⁴

All international ATM transactions are also subject to a 3% foreign transaction fee and any applicable exchange rate charges.⁴

You won’t pay ATM charges for international cash withdrawals using your Key Select Checking® account, but you’ll still pay 3% of the transaction.⁶

You can avoid KeyBank’s ATM fees by using a KeyBank ATM or by exchanging cash before you go abroad, but KeyBank’s foreign transaction fees and exchange rate charges will still apply.¹

Dynamic Currency Conversion

Make sure to look out for dynamic currency conversion (DCC). When you spend abroad, many retailers, restaurants, and tourist attractions may ask whether you want to pay in local currency or US dollars.

Always choose local currency. Although it may seem convenient to see how much your transaction will cost in US dollars, the merchant will exchange your transaction at their own rate.

This exchange rate is likely to be more than your bank’s currency conversion rate, which means you could end up spending more than expected for your vacation transactions.

KeyBank international exchange rates

Most banks add a markup to the standard mid-market exchange rate for currency conversion. This is how they make their money, but it can add a hefty charge to your international transactions.

You’ll pay this markup every time the bank converts a foreign currency purchase or ATM withdrawal from US dollars into the correct currency for you.

KeyBank’s exchange rates don’t seem to be publicly available, but they may not be the same as the standard interbank currency conversion rates.¹⁵

You’ll also pay Mastercard’s exchange rate to use your credit card abroad. This rate may differ from the rate Mastercard receives — and it will fluctuate depending on when you make your purchase.¹⁰

Tips for using ATMs and cards abroad

There are a few things to remember before using your card abroad:

• Look for no-fee international cards
• Tell your bank before you travel outside the US
• Avoid ATM cash withdrawals abroad wherever possible
• Don’t forget about exchange rate markups
• Avoid DCC and pay in local currency overseas

Credit cards are a good idea for larger travel purchases like your hotel or flights, as you’ll likely get fraud protection and zero liability if something goes wrong.

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KeyBank offers a range of useful financial products, including credit and debit cards. You can earn interest or spend money online and in person.

However, it’s important to consider how much KeyBank charges for foreign transactions. You’ll likely pay 3% for international purchases as well as ATM withdrawal fees and exchange rate charges.

Look into all of these costs before you travel — and always compare money transfer providers to get the best deal for your trip!

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Spend money in over 150+ countries at the mid-market rate — and avoid hidden fees while you’re at it.

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Send money to 140+ countries Receive money in 8+ currencies with local account details Hold money in over 40+ currencies Spend like a local in 150+ countries

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*Wise is not a bank. The Wise Multi-Currency Card is issued by our sponsor Bank(s), member(s) FDIC. Fees and T&C apply. See https://growth-layer.live/ for details.

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Sources

1. KeyBank - Know the fees Key Smart Checking®
2. KeyBank - Compare Checking Accounts
3. KeyBank - Key Smart Checking® account rates
4. KeyBank - KeyBank Hassle-Free Account® - the KeyBank transparency promise
5. KeyBank - KeyBank Hassle-Free Account®
6. KeyBank - Know the fees Key Select Checking®
7. KeyBank - Key Select Checking® rates
8. KeyBank - Compare credit cards
9. KeyBank - Key Cashback® credit card rates
10. KeyBank - Cardmember agreement
11. KeyBank - Keybank Latitude® Mastercard® credit card rates
12. KeyBank - Key Secured® credit card rates
13. KeyBank - Key Secured® credit card
14. KeyBank - KeyBank Key2More Rewards Mastercard® credit card rates
15. KeyBank - Foreign currency exchange

Sources checked 08/14/2025