Keep Your Finances Safe While Traveling this Summer
- Financial Security
Summer is the perfect time to explore new destinations, create lasting memories, and unwind from the daily grind. However, in all the excitement, it’s important not to overlook keeping your finances secure. Here are some essential tips to help you protect your money while traveling.
Notify your financial institution
Before you leave, inform your financial institution of your travel plans. This helps prevent your account from being flagged for suspicious activity and ensures you can use your card.
At DECU you can do this easily by placing travel notes in the Card Control app! You can also use this app to lock and unlock your card on the spot if it’s lost or stolen.
Enable alerts
Set up transaction alerts on your accounts. This way, you’ll receive notifications of any unauthorized transactions, allowing you to take immediate action if necessary.
Be cautious of public Wi-Fi
Avoid accessing sensitive financial information over public Wi-Fi networks. If you must use public Wi-Fi, ensure it’s a secured network and use a VPN to add an extra layer of protection to your data.
Utilize digital payment methods
Not only is this more secure than using a physical card, it is also more convenient. Contactless payments through mobile wallets (like apple pay or google pay) have additional features such as authentication (fingerprints or facial recognition) and device-specific tokens.
Avoid currency exchange scams
Use established and trusted online currency exchange platforms and always read reviews from other users. You should also always ask for the breakdown of fees and the exact amount you will receive before completing the transaction. Compare rates and fees!
Use secure ATMs
When you need to withdraw cash, always sue ATMs located in well-lit, secure areas, such as inside banks or reputable hotels.
Traveling should be a time of joy and relaxation, not stress over financial security. By following these tips, you can enjoy your summer adventures with peace of mind, knowing your finances are well-protected.