£260m bill for using ATMs abroad

ATMBritish holidaymakers fork out fees of around £260 million a year for simply using overseas ATMs, a survey shows.

Around 67% of Britons visit cashpoints during trips abroad, the poll by travel agent www.sunshine.co.uk found.
Each transaction costs an average of £2.75, with holidaymakers using the cashpoints an average of five times per trip, the survey revealed.

Based on the number of visits made abroad by Britons in 2011, the "usage" bill for ATMs amounts to £260 million, sunshine.co.uk said.

Based on responses from 2,107 Britons who had been abroad last year, the survey also showed that 53% had had "a nasty surprise" when they saw the ATM charges when they got home.

Sunshine.co.uk co-founder Chris Clarkson said: "There's nothing worse than getting home from a nice relaxing holiday, which cost a fair amount to go on in the first place, only to be hit by extra charges like credit card withdrawal fees.

"To avoid such a scenario, I would recommend making sure you have enough spending money to take with you and look into loading it up on to a pre-paid card."

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