Banks, Shopping and ATM machines

Whilst on holiday in Spain please be aware of a new money making activity by the banks. When you go to the cash machine or whilst shopping in some of the larger shops and using your credit/debit card, you may be asked if you would like to pay in Euros or Sterling. It sounds an attractive option, but in fact it creates a poor exchange rate (a DCC - Dynamic Currency Conversion) which is costing you money and making the banks lots. If you don't want to do this just say no! Read the full article published in the Guardian newspaper July 2008.