Financial Travel Tips
MAINSTREET BANK
As summer travel heats up, MainStreet 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 MainStreet Bank is here to support you before, during, and after your trip.
10 Financial Travel Tips from ICBA and MainStreet Bank:
1. Notify us of your travel planes 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. Inquire about special card features like travel accident insurance and traveler’s assistance.
6. Plan ahead for currency needs for more favorable conversion rates and lower fees.
7. Check card readers for signs of tampering. When in doubt, choose another terminal.
8. Lock away valuables such as passports, backup credit cards, financial information, and cash.
9. Use social media with care. Posting your pictures or whereabouts during travel could leave you susceptible to security risks back home.
10. Monitor account activity. Regularly check for unauthorized transactions and when you return home thoroughly review your statements.
Planning for financial security during travel is just as important as packing your bags. Contact your Business Banker or Relationship Manager for guidance on preparing your finances and travel safeguards before setting out this summer.
