NatWest slammed over foreign spending fees

According to uSwitch, the heightened costs, which could cause added debt management concerns for some UK consumers, are designed to “squeeze more money” from NatWest banking customers.

NatWest has revealed that the cost of spending on one of its debt cards while abroad is to be increased by 66 per cent to £1.25 per transaction from the beginning of June this year.

And this increase, which could hinder the efforts of those aiming to become debt free, looks set to net NatWest around £10.18 million, the comparison service’s recent research suggests.

“I would recommend that NatWest customers make sure they use a different card abroad after June 1st, or they may face a nasty surprise when they return from their trip,” said Nick White, director of financial services at uSwitch.

Research carried out by Fool.co.uk recently suggested that British consumers considered Barclays to be least trustworthy of the major banking groups in the UK.