Whether you choose to travel around the world or simply around the country, New Tripoli Bank wants to remind our customers to plan accordingly, so they can safeguard their money and keep their summer vacations on track.
Most financial experts advise limiting the use of cash by paying for major purchases with your debit or credit card while traveling. Credit and debit cards come with added protections, including zero liability for fraud-related charges, which offers consumers greater peace of mind while traveling.
Advanced planning can also help relieve travel-related stress. New Tripoli Bank urges all consumers to consider the following before they depart for their vacation destination:
- Inform your community bank of your travel plans to avoid account holds or transaction rejections when out-of-the-ordinary transactions are posted or presented for processing.
- Ensure you have a chip-enabled card or contactless card, particularly if your travel plans involve flying overseas where chip-enabled technology is fast becoming a card acceptance requirement for all transactions.
- Carry multiple cards with you so you have a backup plan. Families or couples may find greater back up coverage if each person takes a different card.
- Create transaction alerts for credit and debit cards. If you suspect your information has been compromised, contact your bank and credit card provider as soon as possible.
- Bring a list of emergency phone numbers, but remember, 800 numbers can only be used in the United States and Canada. Be sure to get a number for your bank that you can call if you are travelling outside of North America.
- Inquire about special card features like travel accident insurance and traveler’s assistance. Ask your community bank what special services are available.
- Know your withdrawal limits and save your receipts.
- Thoroughly check any ATMs that you use. Ensure the card reader does not show any signs of tampering. When in doubt, choose another terminal.
- Secure your valuables including passports, backup credit cards, copies of financial information and extra cash in your hotel safe.
- Use social media with care. Posting your pictures or whereabouts during travel could tip off potential home invaders that your house is empty.
- Monitor charge activity. Upon returning from your vacation, review your purchases and ATM withdrawals with your bank and credit card companies.
Remember, in the event that something unfortunate does occur, reach out to New Tripoli Bank. Our staff is always ready and able to lend a helping hand.