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Holidays ATM withdrawals: useful tips and tricks by SBERBANK

Summer days are reserved for shorter weekend trips as well as longer holidays. Regardless of the length of your holiday, beware of the high costs that can hit your pocket when withdrawing cash at ATMs or paying through a POS terminal in countries outside the euro area. There are two currency areas within the European Union. Countries outside the euro area and countries within the euro area. The area within the euro area has been regulated in principle by regulation since 2009. It prohibits additional fees for cash withdrawal services at ATMs or payments via POS terminals. Transaction services must be billed in the same way as in home countries. However, research has shown that in some cases, the cost of services is also charged in countries within the euro area. There is no regulation in c...

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