Abacus Daily Debt News

Using debit cards abroad can lead to “nasty shock”

People embarking on an Easter holiday may incur extra costs by using their debit cards overseas, it has been noted.

Although such products are free to use in the UK, customers may be charged for withdrawals and purchases in foreign countries, something that could lead to a "nasty shock" when they get home, according to Moneynet.co.uk.

The site stated that coupled with the "hammering" that the pound has taken against the euro, this could make taking a holiday very expensive.

It advised consumers to be aware of the debit card charges before they set off on their breaks, something that could help them with their budgets.

Meanwhile, new rules being imposed on credit card companies banning them from raising limits without the customer’s consent may assist people in avoiding debt, the Money Advice Trust has stated.

"It might help change people’s attitudes towards credit," commented spokesperson Beccy Boden Wilks.