For those who set a strict spending budget, travellers are often caught out by additional costs they may have forgotten about.

A whopping nine in 10 travellers who have set a holiday budget get caught out by luggage fees, hotel excursions and room taxes.

Additionally, one in four Brits say they’ve gone over-budget by between £100-£300 on this year’s holiday.

These stats come as HSBC launches a fee-free global money account, a multi-currency debit card with no HSBC fees.

Tom Wolfenden, Head of Retail at HSBC UK, stated: “This year many people will be travelling internationally again, but with the rising cost of living they’ll also be keeping a close eye on their finances.

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