Related Stories

Brits 'will always travel to Spain' (22 Apr 2009)

Drop flight tax plans, says BA (22 Apr 2009)

Indian cricket ace to coach at La Manga Club (23 Apr 2009)

Ryanair 'may introduce obesity tax' (23 Apr 2009)

Skyscanner reveals 'top bank holiday destinations' (23 Apr 2009)

Holidaymakers warned over foreign cash machine fees

(24 Jun 2008)

Going on holiday? – Get a great deal on travel insurance

British holidaymakers have been warned that withdrawing cash from foreign machines can be a costly exercise.

On average, those using a debit or credit card abroad will be charged £4 per transaction, TravelMole reports.

A recent study by MoneyExpert.com found that British holidaymakers will spend around £7.1 billion while on holiday this year - making around 63.93 million withdrawal transactions.

A spokesman for the site said that although cash withdrawals can be a safe and convenient method of "getting hold of your money", holidaymakers should ensure that they shop around for a good deal.

"Many people are likely to be unaware of the charges they can incur for withdrawing cash abroad. If money is tight this year we highly recommend that travellers do some research and find the best deal available," he commented.

According to a report by Opodo in 2006, the average Brit spends around £400 per week while on holiday.

This article is brought to you by Go Travel Insurance - Specialist in travel insurance and holiday insurance

Going on holiday? - Get a great deal on travel insurance