UK tourists heading to Benidorm, Spain, have been issued a warning about soaring ATM withdrawal fees, with some machines charging as much as €6 (£5) per transaction.
Travellers are being urged to carefully select their cash withdrawal points to avoid being hit with excessive charges and poor exchange rates.
TikTok influencer Harry Tokky, who regularly shares travel tips, highlighted the issue in a recent video, advising holidaymakers to avoid independent ATMs, particularly those operated by Euronet.
“They have the worst exchange rates and the highest fees,” Tokky said, describing Euronet machines as a costly option often found in tourist-heavy areas.
For better rates and lower charges, he recommended using ATMs from established Spanish banks such as Sabadell Solbank, which are easily identifiable and widely located across Benidorm.
According to Tokky, these bank ATMs generally offer the most favorable exchange rates and significantly lower fees. However, he noted that the final cost still depends on individual bank providers and their international transaction policies.
The warning comes as more tourists express concerns about the hidden costs of overseas travel, with ATM charges often catching visitors by surprise.
Tokky said it is important to understand fees before withdrawing cash and urged travellers to avoid over-relying on independent ATMs, which can quickly eat into their holiday budget.
The advice has resonated with many travellers, with Tokky’s video drawing attention to a financial pitfall that could affect anyone planning to use cash abroad.
For those visiting Spain, the key takeaway is clear: stick to Spanish bank ATMs like Sabadell Solbank to minimize costs and make the most of your travel money.