Does anyone know if purchases in Bermuda are posted by merchants as US dollars or Bermuda Dollars. Do I need to request that they are posted in USD if this is even possible in Bermuda.
I know the Bermuda dollar is pegged to the US dollar but I want to avoid my bank treating these as foreign currency conversions and charging a 2.5% fee. Although some cards are exempt, most Visa and MasterCard cards are charged 2.5% or more on top for "foreign currency" conversion. If purchases are posted as Bermuda dollars, these may be considered foreign currency conversions.
Can't seem to get a straight answer. I've checked some other forums and some report being charged others not.
Any info much appreciated.