Dynamic Currency Conversion

Dynamic currency conversion (DCC) is a service offered at selected ATMs located overseas and used by selected merchants and service providers (whether located overseas or online). DCC converts a foreign currency transaction into the currency of a card account at the point of sale.
Foreign currency transactions - If your foreign currency card transaction is converted to the currency of the card account via DCC, you acknowledge and agree that the process of conversion and the exchange rates applied will be determined by the relevant ATM operator, merchant or dynamic currency conversion service provider, as the case may be.

Transactions in the currency of your card account - If you enter into a transaction in the currency of your card account with a merchant (including online merchants) that routes its payment processing outside Singapore (and in the case of US dollar cards, outside the United States and Singapore), you acknowledge and agree that:
(i) this will be treated as a foreign currency transaction by Visa, MasterCard or such other relevant card scheme association (as the case may be); and
(ii) that the process of converting the foreign currency transaction to the currency of your card account and the exchange rates applied will be determined by the merchant.

In addition, with effect from 22 May 2017, all Dynamic Card Currency transactions described in above will be subject to an additional charge of 1% of the transaction amount, which is imposed by Visa, MasterCard or such other relevant card association (as the case may be).