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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."
28 September 2016
The English tourism industry is predicted to grow faster than the overall economy every year for the next decade, according to new research.
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Monarch Airlines says its flights are operating as normal amid fears the firm is in financial trouble.
24 September 2016
Slim people who look physically healthy may still be at increased chance of being diagnosed with bowel cancer if they have raised insulin levels, according new research.
23 September 2016
Theresa May is being urged to give the go-ahead for flights to resume between the UK and Sharm el-Sheikh by the head of the cross-party parliamentary group on Egypt.
22 September 2016
Budget airline Jet2.com is to open its first base in the south of England at Stansted.
21 September 2016
Smoking rates have dropped to the lowest level on record in England, new figures show, suggesting messages about the health effects of cigarettes are hitting home.
20 September 2016
Concerns have been raised over flight disruptions caused by heavy drinking among passengers.
17 September 2016
British Airways' decision to launch direct flights from London to Tehran earlier this month positions Iran as one of the hottest destinations to visit in 2017, according to experts.
16 September 2016
More than 100 flights have been cancelled as French air traffic controllers go on strike again.
15 September 2016
Two thirds of MPs would support an expansion at Heathrow.
14 September 2016
TripAdvisor is launching a new homepage, making the booking of holiday activities and tours even easier.
13 September 2016
Travellers are to be charged to use fast lanes to get through passport checks in an attempt to cut queues.