Overview

• Martin Lewis emphasizes always paying or withdrawing in the local currency to avoid hidden fees from dynamic currency conversion.
• Specialist overseas debit and prepaid travel cards offer near-perfect exchange rates and no ATM fees, making them a cost-effective option for travellers.
• The '0% commission' option for paying in pounds often hides higher costs due to banks' own less favorable exchange rates.
• Providers like Monzo, Starling, and Chase now offer cards with zero foreign transaction fees, further simplifying travel payments.
• Additional travel tips include securing travel insurance, ordering a UK GHIC card for healthcare abroad, and considering eSIMs for affordable mobile data.