If any of you have trips around Europe coming up soon (and why wouldn't you?), you should beware of the new ATM situation.

Looks like many airports have cut a bad deal for travelers by replacing regular bank ATMs with ATMs by "Travelex" or the like, who post "no fees" but offer extortionately bad exchange rates.

Used to be, you could fly into any country in Europe and plan to pull cash at the airport ATMs, run by local banks. You'd get hit with about 3% in charges. With these Travelex-type ATMs, you'll get hit with about 10%. Bad deal.

For travel arriving at the following airports, you would be wise to scrounge up any old currency you have from previous trips, so you can get out of the airport and wait to exchange money at a regular bank ATM:

London/Gatwick

Amsterdam/Schipol

Copenhagen/Kastrup

London/Heathrow

Madrid/Barajas

Milan/Malpensa

Paris/Charles De Gaulle

Rome/Fiumincino

Zurich

The taxis and airport trains of many cities let you use your credit card to pay, which makes it even easier to wait until you get into town to withdraw money.

This story is via smartertravel.com and you can read the full story here.