How to avoid overseas bank fees

Julia Kollewe
card purchase
card purchase

AFP/Getty Images

Holiday money promises big bucks for banks and building societies. Many travel money providers are charging through the nose for overseas transactions and are hiding details of fees on their websites and statements.

Brits spent some £32 billion abroad in 2010 - £20.3 billion in credit and debt card purchases while another £7.2 billion was withdrawn from overseas cash machines, according to the Office of Fair Trading.