British tourists heading to Benidorm, Spain, have been warned of rising ATM withdrawal fees, with some machines charging as much as €6 (about £5) per transaction.
Travelers are urged to choose their cash withdrawal points carefully to avoid being hit with excessive charges or poor exchange rates.
Harry Tockey, a TikTok influencer who regularly shares travel tips, highlighted the issue in a recent video, advising holidaymakers to avoid independent ATMs, especially those operated by Euronet. .
“The exchange rate is the worst and the fees are the highest,” Tockey said, explaining that Euronet machines are an expensive option often found in tourist-heavy areas.
For better rates and lower fees, we recommended using ATMs from established Spanish banks such as Sabadell Solbanco. ATMs are easily identified and widely located throughout Benidorm.
Tokky said these bank ATMs generally offer the most favorable exchange rates and have significantly lower fees. However, he noted that the final cost will still depend on the individual banking provider and its international trading policies.
The warning comes as a growing number of tourists express concerns about the hidden costs of traveling abroad, with ATM fees often surprising travelers.
Mr Tockey said it was important to understand the fees before withdrawing cash and urged travelers not to rely too heavily on independent ATMs, which can quickly eat up their holiday budget.
The advice resonated with many travelers, and Tockey's video drew attention to the financial pitfalls that can affect those looking to use cash abroad.
For anyone visiting Spain, the key takeaways are clear. The best way to minimize costs and get the most out of your travel money is to use a Spanish bank ATM, such as Sabadell Solbank.
