Martin Lewis issues urgent holiday warning over button you should NEVER press on cash machine abroad
Martin Lewis has issued an urgent warning to holidaymakers over a button you should never press when abroad.
The personal finance expert explained how using the seemingly harmless function on a cash machine could see you lose money.Martin Lewis explained why you should never let a cash or card machine convert the local currency into sterlingMartin revealed that it is always best to take out cash or pay with a card in the local currency rather than letting an ATM or card machine convert the sum into sterling.
This is because a markup cost is added for doing the conversion, which could see Brits out of pocket on every transaction. Martin said: "[The cash machine] says 'markup 4.5 percent', so they are adding a 4.5 percent load on top of the exchange rate.
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