£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.
%VIRTUAL-ArticleSidebar%

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."

More stories
Read Full Story

FROM OUR PARTNERS