Attention! International Transaction Fee for Procurement Cards (4/9/12)

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.

If you have any questions, please contact Susan Wilson at 865-974-3287 or
email at wilsons@tennessee.edu. For more information on the Procurement Card program, check out the program's site.

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