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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."
21 October 2016
A union is warning of travel chaos over the Christmas period at four major UK airports, unless a baggage carrier transfers staff to other companies.
20 October 2016
Thousands of passengers faced travel chaos yesterday after rail service through the Channel Tunnel was suspended because of a power failure.
19 October 2016
People planning holidays from Gatwick Airport in the run up to Christmas could face travel chaos as unions threaten to strike over a pension dispute.
18 October 2016
Eurostar has said it will cut 12 services from London St Pancras to Paris and Brussels.
15 October 2016
Tourists in Thailand are being advised to "behave respectfully" and wear "sombre" clothing as the country mourns King Bhumibol Adulyadej.
14 October 2016
Holidaymakers are being warned to buy currency in advance as exchange rates being offered are as little as 0.96 euro to the pound at airports.
13 October 2016
Scientists say there is strong evidence air pollution and vitamin D deficiency can cause dementia.
12 October 2016
More people are going on holiday than at any time in the past five years despite terror attacks and the impact of Brexit, according to a study.
11 October 2016
People from across North Carolina had to be rescued from their homes as the downgraded Hurricane Matthew blew out to sea - leaving a trail of destruction in its wake.
04 October 2016
People travelling abroad is on the rise, according to the World Tourism Organisation (UNWTO)
08 October 2016
A hurricane pelting the coast of Florida and described as a 'monster' by a local official has brought chaos to the state, with flights cancelled, homes evacuated and theme parks shut.
07 October 2016
Low-cost airline easyJet says its profits will nosedive as terrorist attacks and air traffic control strikes are taking their toll on the company.