The Currency Club finds substantial hidden costs from major banks and credit cards
Research by travel money online specialists The Currency Club has found that a continued lack of transparency by high street banks combined with a lack of public awareness results in significant hidden costs for travellers using a debit or credit card overseas. These extra charges occur regardless of whether money is withdrawn from a local ATM or the card is used at the point of purchase and can amount to spending an unnecessary extra £47 for every $1000 purchase, compared with buying foreign currency before travelling.In 2010, 55.8m British residents travelled abroad and in the last half