MoneyThe Co-operative Bank PLCThe bank has scrapped its 2.75% fee across all its current accounts, meaning customers can now spend abroad without extra charges11:50, 29 Jun 2026Co-operative Bank has removed foreign transaction fees on debit card spending overseas.‌The bank has scrapped its 2.75% fee across all its current accounts, meaning customers can now spend abroad without extra charges.‌Most UK banks charge up to 3% foreign transaction fees - often called non-sterling transaction fees - when you use your card abroad.‌Some of the banks with no foreign transaction fees include Chase, Monzo, Revolut, Starling and First Direct. Keep in mind that independent ATM operators may still charge their own local fees.Others offer no foreign transaction fees on some of their accounts - for example, if you use a Santander Edge, Santander Edge Up, or Santander Edge Explorer debit card, you will not be charged.‌Lloyds customers can use their debit card worldwide with zero foreign transaction fees if they have a Club, Silver, Gold, Platinum, or Premier accountCo-operative Bank has also refreshed its Everyday Extra packaged bank account. Now priced at £12 per month, reduced from £18, the account includes covering worldwide family travel insurance, UK and European breakdown cover and mobile phone insurance.Kat Robinson, Head of Family and Everyday Banking at The Co-operative Bank, said: “Summer can be one of the most expensive times of year for families, whether it’s keeping everyone entertained at home or holidays abroad, and those costs can quickly add up.‌“That’s why we’re removing foreign transaction fees, making it simpler and more affordable for our customers to spend overseas - whether that’s on family holidays, city breaks or everyday purchases while away - helping them keep more of their money while they enjoy their time abroad.“Alongside this, we’ve made our Everyday Extra one of the best-value packaged accounts on the market, offering added peace of mind with travel insurance, breakdown cover and extended mobile phone protection for the whole family.”Rachel Springall, Finance Expert at Moneyfacts, said: “Cost of living pressures can make it difficult for consumers to prioritise where to spend their hard-earned cash, so it’s essential to have both fee-free and reasonably priced current account options to choose from.Article continues below“With this in mind, it’s great to see the Everyday Extra Account becoming a more affordable choice as its account fee has been slashed to £12 per month.“A raft of packaged account benefits can be a great cost-saver for holidaymakers in the UK or worldwide, plus the peace of mind that cover provides."Choose Daily Mirror as a 'Preferred Source' on Google News for quick access to the news you value.‌The Co-operative Bank PLCBanksCurrent accountsFamily holidaysTravel insurance