As part of the new procurement card contract with Bank of America, there will be a 1% International Transaction Fee assessed for any transaction with a vendor based outside the United States. This fee will be assessed whether or not there is currency conversion. There will be no receipt for these fees; however, please document on the paper statement which transaction the fee is associated with. This fee should be charged to GL account 446500.
Attention! International Transaction Fee for Procurement Cards (4/9/12)