Major bank to axe fees for thousands of customers using their debit cards abroad this summer

The Cooperative Bank is eliminating foreign transaction fees for debit card users traveling abroad this summer, a move that will benefit thousands of customers. The bank has scrapped the 2.75% fee that previously applied, making it more convenient for those who frequently use their cards overseas. This decision comes as a relief to many who have been charged these fees in the past, potentially saving them a significant amount. The change highlights a broader trend of banks reconsidering or removing such fees, driven by customer demand and competition within the banking sector.