Tips for Traveling Safe this Summer

As we take off this summer for vacations and long anticipated trips, it’s important to prepare for the financial sting of unwanted surprises that may throw a wrench into our plans. Bank of the Lowcountry urges customers and all travelers to remember these important tips before you adventure out.

1 - Inform you bank of your travel plans

Before you head out, let your financial institution know of your travel arrangements to avoid account holds or transaction rejections when unusual transactions are presented for processing. This tip is particularly important if you bank with a community bank; community banks are more likely to flag transactions that occur outside of your general geographical location making travel alerts a top priority for any vacation.

2 - Ensure you have a chip enabled card or contactless card

Chip-enabled and contactless cards are only growing in popularity which means that card readers are adapting away from swipe technology. Having an updated card can raise your chances of card acceptance no matter where your trip takes you. Contactless cards have been proven to be more secure than swipe or chip-enabled cards which can only be a benefit as you shop and spend in new and untested locations.

3 - Carry multiple cards

As a backup, it’s important to travel with more than one card. One may get lost or compromised, and you don’t want to be stuck away from home and away from your money.

4 - Have alternative forms of payment

You never know when you’ll run into an emergency that a credit card or a debit card can’t help. It’s important to have options when it comes to payment. For domestic travel, make sure to carry and secure cash in case you need it. For international travel, your bank can help convert your cash into foreign currency so that you can be prepared for emergencies.

5 - Know your limits

All cards have daily limits as well as ATM limits. It’s important to raise or plan around those limits so that you don’t have to go without them. Rentals, deposits, and hotel stays should always be considered when you’re deciding what’s best to do with your limit.

6 - Monitor activity

Once you get home, review all purchases and card activity with your bank and card companies. It may be harder to spot suspicious activity when you’ve actively stepped out of your normal routine.

7- Secure Valuables

Important valuables like passports, financial information, extra bank cards, and cash should be locked up and protected when you’re away. Fire-proof safes are an option if you plan to keep everything at home, but if you’re planning on an extended vacation away, your bank’s safety deposit boxes may be a better and more secure solution.

Everyone deserves to take a vacation and unwind without the pressure of financial stress. Warning your bank, setting alerts, making arrangements for your bank cards, and keeping a close eye on unusual activity are the best things you can do to travel safely with your money this summer. Customer Service Representatives are here to help you navigate anything that comes up and plan for the unexpected. If you have any questions, don’t hesitate to call (843) 549-2265, and we’ll help you set off for your vacation on the right foot.