Almost a quarter of Brits find terms and conditions tough to understand, as a survey reveals that we're set to lose £3.1billion in hidden fees this year alone View Image Single grains of rice were laser-etched with actual hidden fees and terms (Image: Jack Hall / Cover Images)

Almost a quarter (24%) of people in the UK who have sent or spent money internationally in the last 12 months believe financial institutions are making it difficult to understand the true cost of their services, according to new research. ‌

A separate study by Wise found that Brits are to lose a shocking £3.1 billion in hidden fees this year alone, something likely exacerbated by small print confusion. ‌

Nearly half (45%) of people thought that banks and financial providers print fees and terms very

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