Traveling this winter? Crest Savings Bank and the Independent Community Bankers of America (ICBA) share key tips to help travelers protect their finances and enjoy peace of mind on the go. From budgeting for the unexpected to securing your financial information, a little preparation can go a long way in making travel experiences safe and stress-free.
Planning for the unexpected is the key to lessen the financial impact and increase your peace of mind when traveling domestic or abroad. Whether it’s navigating currency exchanges, preventing card issues, or managing unexpected expenses, our team at Crest Savings is here to support you before, during, and after your trip.
Financial Travel Tips from ICBA and Crest Savings Bank:
1. Notify your community bank of your travel plans to avoid account holds or declined transactions when unusual transactions are presented for processing.
2. Carry a chip-enabled card or contactless card, particularly if your travel plans take you overseas where chip technology may be a prerequisite for card acceptance.
3. Bring backup payment methods in case one is misplaced or restricted. Families or couples can carry different cards for added security.
4. Create transaction alerts for credit and debit cards so you can respond quickly to unusual activity. If you suspect fraud, contact your bank and credit card providers immediately.
5. Plan ahead for currency needs for more favorable conversion rates and lower fees.
6. Check card readers for signs of tampering. When in doubt, choose another terminal.
7. Lock away valuables such as passports, backup credit cards, financial information, and cash.
8. Use social media with care. Posting your pictures or whereabouts during travel could leave you susceptible to security risks back home.
9. Monitor account activity. Regularly check for unauthorized transactions and when you return home review your statements save your receipts to compare with your charges.
Planning for financial security during travel is just as important as packing your bags. Contact Crest Savings Bank for guidance on preparing your finances and travel safeguards before setting out this winter.
