Overview

• UK holidaymakers flying with Jet2, Ryanair, TUI or Easyjet face a collective £2.5 million annual hit from avoidable foreign exchange charges.
• Debit cards from Wise, Revolut or Currensea can be over 0.5% cheaper than fee-free cards and more than 3% cheaper than standard high-street bank cards.
• Travellers are advised to skip currency exchanges at airports and Post Office branches, where fees can add about £10 to every £100 converted.
• Declining Dynamic Currency Conversion at overseas retailers and ATMs prevents retailers from applying inferior local exchange rates.
• With some prepaid cards charging up to £5 per overseas withdrawal, experts recommend minimizing small cash withdrawals to avoid steep per-transaction fees.