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10 October 2011 09:26
Britons could be paying over the odds to take out money while on holiday, a survey has revealed
Britons could be incurring unnecessary ATM charges when withdrawing money overseas, a survey has revealed.
Travel search site Skyscanner also discovered that there was a huge discrepancy in charges made between banks. It said customers using the same bank while abroad as they would do back in the UK are also being charged different amounts depending on which card is used.
The survey also discovered that debit cards tend to incur the highest charges because they operate on a per transaction basis, rather than on the total amount spent. A third of travellers now opt to use a credit or debit card while spending currency abroad.
The fact that many Britons might be paying over the odds to withdraw money while overseas has made taking the time to secure the cheapest
travel insurance deal all the more important.
Carol Petrie, Skyscanner money expert, said: "Our study shows the importance of doing your research before you go on holiday. Consumers should check how much their bank charges and look at using a card where there is no interest rate charged on purchases made abroad, no foreign exchange fee and no ATM cost."
06 December 2016
Eating a handful of nuts every day can help reduce your chances of suffering heart disease and other serious illnesses, scientists have claimed.
03 December 2016
Thousands of Britons could be heading off on snow-sports holidays without appropriate travel insurance cover, it has been warned.
01 December 2016
Pilots at German airline Lufthansa are on strike again after a two-day break in their campaign of walkouts.
02 December 2016
Britons are among the top spenders in Europe when it comes to holidays, new research has found.
30 November 2016
The UK should think about resuming flights to the popular tourism resort of Sharm el-Sheikh, according to a major United Nations agency.
29 November 2016
Plans are in place to develop a new aviation arrangement between the UK and US, to ensure holidaymakers can still fly between the two countries once Britain departs the EU.
26 November 2016
Hundreds of Lufthansa flights have been grounded after pilots working for the airline took part in a strike.
25 November 2016
The US is warning its citizens that Europe is facing a "heightened risk of terror attacks" at Christmas markets and other seasonal holiday events.
24 November 2016
A groundbreaking radiotherapy machine that can track the changing position of tumours in real time will soon be used to treat cancer patients in the UK.
23 November 2016
Top airline bosses are urging the government to scrap air passenger duty ahead of Wednesday's Autumn Statement.
22 November 2016
Winter sun is now the most popular holiday type, according to new research conducted by travel experts.
19 November 2016
A holiday price increase of 10% on trips to Europe could cause tourists to postpone their getaways next year, experts are warning.