"Foreign transaction" vs "overseas transaction"

Question

"Foreign transaction" vs "overseas transaction"

Both 'overseas transaction' and 'foreign transaction' are correct and commonly used phrases in English. They are interchangeable and refer to a financial transaction that occurs outside one's own country.

Last Updated: April 01, 2024

This phrase also refers to a financial transaction that takes place in a different country from where the person or entity is located.

Examples:

The bank charges a fee for foreign transactions.
He often makes foreign transactions for his business dealings.
She noticed a suspicious foreign transaction on her bank statement.
The company processes foreign transactions through its international banking partners.
Foreign transactions may be subject to currency exchange rates.

Alternatives:

overseas transaction
international transaction
cross-border transaction
global transaction
offshore transaction

This phrase refers to a financial transaction that takes place in a different country from where the person or entity is located.

Examples:

I made an overseas transaction to pay for my hotel reservation in France.
The company handles overseas transactions with multiple international clients.
She received a notification about an overseas transaction on her credit card statement.
The bank charges a fee for overseas transactions.
He prefers using a credit card for overseas transactions.

Alternatives:

foreign transaction
international transaction
cross-border transaction
global transaction
offshore transaction

Answer 1

Foreign transaction

This phrase is correct and commonly used in English.

Answer 2

overseas transaction

This phrase is correct and commonly used in English.