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The global body that sets anti-money-laundering standards. It does not regulate you directly, but nearly every national rule you meet began as an FATF recommendation.
The standards body behind the rules your bank enforces. Invisible to customers, decisive for everyone else.
The point past which a payment cannot be reversed. Blockchains reach it in seconds to minutes, and after that no one, including the network, can undo it.
Irrevocability. A cleared cheque, past the point where it can bounce.
The percentage added on top of the real exchange rate when you spend in a currency your account does not hold. It is charged on the whole amount, so it scales with your holiday.
The foreign transaction fee on a bank card, typically stated as one number that quietly bundles the network's cross-border charge and the bank's own margin.
In Kite: US dollar spends carry no added fee. Everything else is a flat 1.8%.
All 4 terms shown.
