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Updated: Jun 4, 2024, 12:30pm
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Regular travellers, as well as holidaymakers, often rely on the convenience of their everyday debit card for spending and withdrawing currency while abroad. However, many cards charge hefty fees for the privilege.
Foreign usage fees with a typical high street bank can be as high as 2.99%, for example, and you’re likely to be charged a further fee on top, typically around £1.50, if you make a cash withdrawal.
If you’re keen to keep these charges to a minimum the best course of action is often to use a credit card designed specifically for overseas use. However, some debit cards also offer low (or even no) fees and – as we set out below – you won’t always have to switch your current account to benefit (although it is important to note that in many cases minimum terms and conditions will apply on the bank account, which might mean switching is necessary).
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