NatWest warns customers about paying in GBP abroad, advising use of local currency to save £17mn annually in exchange fees.

NatWest advises customers to pay in local currency while traveling to avoid losing over £17 million annually due to unfavorable exchange rates. Research shows paying in pounds can increase costs by up to 13.4%, particularly in Spain, the top destination for UK travelers. The bank emphasizes that opting for local currency is consistently cheaper, especially in countries like Poland, Turkey, and Sweden, and recommends avoiding airport currency exchanges for better rates.

October 03, 2024
8 Articles