1. Make Online Banking Your Best Friend
When traveling, you can’t easily stop by a branch. You might not even be able to call. Online banking will be a lifesaver for you when you need to make a quick transfer or order a replacement debit card. Start using it now to familiarize yourself with the system before you take off for your next adventure.
2. Let Your Credit Union Know You’re Traveling
Your credit union tracks your spending activity to help protect you from fraud. If they think you are in Michigan and a purchase from Ireland appears in your account, they might block your card. Before you leave, place a travel notice on your account to avoid any mishaps of the sort.
3. Don’t Forget About Those Bills
When you’re trotting around the posh neighborhoods of London, your Netflix subscription is probably not on your mind. Give yourself one less thing to worry about and schedule your payments, such as subscriptions and credit card, in advance.
4. Check ATM Locations Before You Leave
ATMs often offer you the best conversion rate. Make sure you look ahead to see what fees are associated with ATMs and if that will be the best choice for you to get local currency. If you’re not in a major city, though, it could be difficult to find an ATM and withdraw money. In that case, make sure you research alternatives such as getting international currency prior to leaving.
5. Plan for Emergencies
Unfortunately, things don’t always go as planned. Prepare for the unexpected as much as you can. Keeping an additional debit or credit card in a safe place and only carrying a small amount of cash are both ways to help you have back up plans.
Deidre Davis is the Vice President of Marketing and Communications at MSU Federal Credit Union. MSUFCU’s headquarters are at 3777 West Road East Lansing, MI 48823. Contact Deidre at email@example.com or (517) 664-7877.