British holidaymakers are risking hidden credit card charges by using these devices to withdraw cash in foreign countries.This is according to uSwitch.com, which found 21 per cent of people going abroad intend to utilise their debit card to make bank charges while overseas, with three per cent utilising credit cards.As a result of this, Brits could spend an additional £53 million in total after shopping with these tools while on holiday.Furthermore, seven per cent of respondents do not understand that using a credit card in a different country could involve additional costs, with just 35 per cent minimising their expenditure by researching their financial options before embarking on a holiday.Recently, sunshine.co.uk claimed the average bank charged incurred for one cash withdrawal in a foreign country is £2.75."If you like the convenience and security of paying on plastic, check with your current credit and debit card supplier to see what their foreign usage fees are," uSwitch.com personal finance expert Michael Ossei advised.John Fieldman Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
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