Overview

• Foreign ATMs and tills in EU countries display a conversion option that charges for converting euros into pounds.
• Paying in pounds triggers dynamic currency conversion fees set by the overseas bank.
• Martin Lewis advises rejecting the conversion prompt so that UK cards perform the exchange instead.
• Charges for withdrawals at foreign cash machines vary between €2 and €7 per transaction.
• Lloyds Bank and NatWest debit cards also add foreign transaction fees of around 2.75–2.99% on overseas spending.