overseas transaction vs Foreign 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 • 152 views

This phrase is correct and commonly used in English.

"overseas 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.

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The KEIC provides export insurance and guarantees to manage the risk associated with overseas transactions.
There's a series of overseas transactions
Initially, these countries trusted that, since their banks did not get involved in dubious, speculative overseas transactions, this international credit crisis might not affect them.
Call your bank and ask them why it was declined (they should have a record of the attempt). Sometimes it is because your bank blocks overseas transactions (we are based in Australia).
Beaker handled overseas financial transactions, how the money flowed.
The Treaty also includes four annexes relating to certain tariff positions, agricultural products, invisible transactions and overseas countries and territories.
As an overseas-based representative of DCB, it is suspected that he has facilitated transactions worth hundreds of thousands of dollars and he is likely to have managed millions of dollars in North Korea related accounts with potential links to nuclear/missile programmes.
This acknowledgment takes account of services for the custody and settlement of Italian assets provided to domestic and overseas finance institutions and subcustodian bank services, both managed by the Global Banking & Transactions Department of the Corporate and Investment Banking Division at Intesa Sanpaolo.

Alternatives:

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

This phrase is correct and commonly used in English.

"Foreign transaction"

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.

Show examples from the web [+]

So 34 cents foreign transaction fee.
Occasionally, for clients with bank accounts located outside of Europe a foreign transaction fee might apply; contact your bank for further details.
Both the percentage costs and the difference in charges for inland and foreign transactions seem to infringe European rules.
Tax implications of foreign transactions: VAT compliance
Moreover, since the aid scheme is applicable only to foreign transactions, it clearly has the effect of focusing the distortions of competition on foreign markets.
Our goal is to ensure the quick implementation of foreign transactions, avoiding the use of the intermediary banks, and minimize the costs associated with the SWIFT transfers.
Company that is subordinated to Office 39 and is used to facilitate foreign transactions on behalf of Office 39.
The monetary presentation of the b.o.p., which the ECB has published since June 2003, is available on a monthly basis and provides a link between the foreign transactions of parties other than banks in the euro area and the money supply in the euro area.
Foreign currency transactions are initially translated at the exchange rate ruling on the transaction date.
Experts tell how to protect themselves in foreign exchange transactions.
This will imply also a liberalisation of foreign exchange transactions in the medium term.
Looking in particular at foreign exchange transactions, a tax on all foreign exchange transactions could produce perverse effects as it cannot discriminate between customers who require currency for the purchase of foreign goods or services and speculators.
Foreign currency transactions are translated at the exchange rate prevailing on the date of the transaction.
Foreign currency transactions reflected in the Profit and Loss Account are valued at the average official rate for the period covered.
The messages containing participating Member States» estimated forthcoming foreign exchange transactions should include the following data: Breakdown: Periodicity: Deadline: Interpretation: By currency pairs.
Its foreign exchange transactions were exclusively related to investment activity.
The Guideline updates the standard agreements which the ECB uses for foreign reserve transactions with its European Union (EU) and Swiss counterparties.
Created by the International Chamber of Commerce, Incoterms are accepted and used throughout the world to define buyers' and sellers' responsibilities in foreign trade transactions.
The launch of the new euro currency will certainly help to reduce business costs for small and medium-sized enterprises as foreign exchange transactions in eleven countries become an event of the past.
In December 2007 CLS settled an average of 381,436 foreign exchange transactions per day with an average daily settlement value equivalent to Euros 2.9 trillion.

Alternatives:

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

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overseas transaction vs Foreign transaction