Holidaymakers heading to France, Spain and Italy have been warned over a hidden cost adding 20 per cent to the trip. Speaking on BBC Morning Live, Watchdog star Matt Allwright warned Brits exchanging money into foreign currency risk being ripped off. "What we do know is that the way you take money out and the way you spend overseas can make all the difference.
Some are much more cost-effective than others. You can save 20 per cent doing it the right way over the wrong way," he said, warning cups of coffee are being slapped with £1.50 extra in card fees.
"My favourite is a pre-paid travel card. This is something that doesn’t usually require hard credit checks, you have it in your pocket, it comes through your door in a week or so and you load it up with cash on a regular basis using the app on your phone into the currency of your choice, then you use it as your debit card. READ MORE Horrified Brits in Spain and Greece warned to stay indoors 'in middle of day' "The beauty of it is it helps you budget.
You can load it up every few days and see how much you are spending. Everybody thinks holiday money is free money – it is not. It is the same as the rest of the year.
And you can check the exchange rate as you make that exchange. "There are loads of them out there. They have a variety of different fees so some will suit you better.
You will know what you are likely to spend so read the details. They are really useful tools to have in your pocket." He said: "We know that, very.
