A Nasty New Fee
I just noticed that my bank statement has a nasty new fee for every purchase I make here in Jamaica.
All of a sudden, there is a 3% fee on every single transaction conducted here in the Caribbean. Last month I paid US$50 in these new fees.
While the exchange rate has been moving in my favour, from J$62 to J$68 to US! in two years, inflation and this new fee have reversed any possible gains.
From here in Jamaica, I have a sinking feeling that there is not much that I can do about this, but I will look into, just in case it is a fee that Bank of American is thinking that it can get away with without too many people complaining.
We shall see.