Quick meaning
A charge added by some banks when you make a payment in a foreign currency.
Think of it like this
Like a currency exchange commission charged for converting money.
Where you may see this
You may see this in banking apps, checkout screens, delivery updates, and digital payment instructions.
Why it matters
Knowing the term helps you pay safely, understand what a screen is asking for, and avoid costly mistakes.
Say it simply
Foreign Transaction Fee means: A charge added by some banks when you make a payment in a foreign currency.