PUBLISHED: 20:27, Wed, Dec 4, 2019 | UPDATED: 21:08, Wed, Dec 4, 2019
Christmas market: Cash machine charges at Christmas markets could cost Britons a collective £37m (Image: Getty Images)
A Christmas market is often on the list of holiday activities when heading to Europe at this time of year. The markets are the ideal way to get into the festive spirit and provide plenty of opportunity for Christmas shopping. However, Britons are being warned to not make this huge mistake if heading to a Christmas market this winter. This is the latest travel advice.
Alarming research has shown that cash machine charges at Christmas markets could cost Britons a collective £37million.
Travellers are urged to avoid using overseas ATMs and to plan ahead when it comes to money.
According to money management specialist Equals, the average Briton spends £355 during winter city breaks in Europe.
Equals research into seven debit cards from UK high-street banks found two different fees associated with foreign cash withdrawals.
READ MORE: Britons are sitting on £2BILLION in foreign money from forgotten hols
Christmas market: The average Briton spends £355 during winter city breaks in Europe (Image: Getty Images)
The average ‘non-sterling’ fee for using a debit card to take cash out at an ATM is 2.82 percent, and an average ‘cash’ fee of £1.68 per withdrawal.
Equals advised Britons to understand how much they’ll be charged for ATM use by their provider so they don’t get any nasty surprises while abroad.
The research also revealed, over the course of 2019, British travellers have paid out an estimated £315.3 million in overseas cash-point fees - £285 million for withdrawing cash overseas using a debit card and £30 million in fees for withdrawing cash overseas on a credit card.
Holidaymakers are urged to pay in the local