Traveling with your money, continued...
Financial professionals agree that the safest and most convenient way to travel with your money is to take a small amount of cash with you. Another good idea is to carry a debit or credit card along for the trip. These cards are convenient while traveling because they are easy to carry, easy to use and often offer the lowest fees and the best exchange rates.
However, it is important that travelers still plan ahead. RVNB offers these tips to consumers about what they need to take care of before they take off:
- Let your community bank know when and where you will be traveling so that you will avoid any potential denials or fraud alerts when out-of-the-ordinary transactions are presented. This is crucial for international travel.
- Find out what ATM or debit card fees you may be subject to around the country and abroad.
- Make copies of all the cards you'll be carrying. Take a copy with you and give a copy to someone you trust back home. Be sure to also include the customer service phone number.
- Bring a list of emergency phone numbers. Be sure to get a number for your bank that you can call if you're out of the country.
- Many credit cards provide travel accident insurance and traveler's assistance. Ask your community bank what special services are available through your card.
- Check your available balances before you leave. Know the limits on how much cash you can withdraw or purchases you can make.
“Whether your family is traveling near or far, it truly is better to be prepared for any event that comes your way. Your local community bank can help ensure your finances will be kept safe,” Walsh said.