Foreign Transaction fee
Created by: SM Jane
Modified on: Fri, Oct 22, 2021 at 9:43 AM
We want to clarify that Student Medicover does not charge members for transaction fees. Some banks will charge this fee for certain types of accounts. However, as a courtesy of being our member, we would like to reimburse this amount to your bank.
But the reimbursement would be one time only for each person. If the foreign transaction fee is charged to you for the second time, we would not make the reimbursement again. For your concerns, it is best to avoid using the bank that charges foreign transaction fees. (e.g. Bank of America, PNC Bank, TD Bank)
Please fill out your account information in the attached excel sheet and provide a screenshot including your insurance premium transaction in your bank statement. The bank routing number is a nine-digit code(for paper&electronic).
Please notice the amount will post to the policy owner’s account; an account that's not in your own name will not be accepted. Please verify your account and routing numbers before submitting. Student Medicover assumes no responsibility for account information error.
Please let us know if you have any additional questions.
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