ATM fees sting travellers

CUSTOMERS are getting slugged with exorbitant fees – and in some cases are paying more than $100 – to use ATMs, alarming new data has revealed.

Jetsetters are among the hardest hit by high fees at airports, while adult entertainment venues, casinos and bars across the country are also hot spots to get stung.

Travellers are being badly hit when using ATMs overseas – at multiple locations in Las Vegas customers paid charges ranging from between $140 and $225 to access their own money.

The exclusive banking data, provided to News Corp, found in the worst case in Australia a customer was slugged a massive $113 charge to withdraw $750 from an adult entertainment venue in Melbourne.

And on multiple occasions customers were hit with charges of up to $34 to withdraw amounts of around $1100 from an ATM at Melbourne’s International Airport this year.

A Travelex spokeswoman said their ATMs were clear about the cost before the customers makes a withdrawal.

“Our ATMs show the amount requested in foreign currency, the exchange rate, the converted amount in Australian dollars and the commission charged on the transaction,” she said.

Financial comparison website RateCity’s spokeswoman Sally Tindall said ATM fees “should be a thing of the past”.

OUR ATMS SHOW THE AMOUNT REQUESTED IN FOREIGN CURRENCY, THE EXCHANGE RATE, THE CONVERTED AMOUNT IN AUSTRALIAN DOLLARS AND THE COMMISSION CHARGED ON THE TRANSACTION TRAVELEX SPOKESWOMAN