Property News · May 21, 2016

Enjoy your European holiday without surprise bank fees


Whether you are withdrawing cash from an ATM or shopping for souvenirs, there are ways to save yourself from excessive bank chargesExperts are split over whether a vote next month to leave the EU would make European holidays more expensive. Last weekend’s Sunday People newspaper said Labour had calculated that “fears of Brexit” would add £115 to the average family holiday this summer. But whatever the result on 23 June, picking the wrong plastic to use on a European holiday this summer could definitely prove a costly mistake.Financial data provider Moneyfacts published research this week showing that some debit cards will charge £9.50 for a £200 withdrawal from an overseas ATM, while some credit cards will charge almost £12 a time for the same transaction. Guardian Money, meanwhile, found that some credit cards from companies such as MBNA and Virgin Money would be even more pricey, charging almost £16 for someone to withdraw £200 in cash, before interest applies. Continue reading…

Source : theguardian.com
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