Holidaymakers told 'check before you go' if using a credit card

manchestereveningnews.co.uk:

Holidaymakers heading abroad this summer are being urged to keep a check on their fees when using a card. Experts at TotallyMoney examined the overall cost of withdrawing cash abroad with a credit card throughout August.

They highlighted that most cards will add a surplus charge when taking out cash abroad. It's important to note that such fees often come in two forms - cash withdrawal fee and non-sterling fees.

Generally, these fees set a minimum charge or a set percentage based on the value of the transaction. Alastair Douglas, CEO of TotallyMoney, said: “With the cost of travelling seeing a real increase in recent years, it’s more important than ever to make your money go further.

You can do this by researching a destination before jetting off, setting a budget ahead of your travels, and even by spending your money in the most cost-effective way when you’re away. “Before heading off, double-check if your bank charges you for withdrawing cash or paying by card.