Summer Travels: Protecting Your Finances On the Go

Summer is here, and with it comes the thrill of new adventures and the allure of distant horizons. But as we pack our bags and set out to make memories, it’s vital to remember that our financial security should travel with us. From the sun-drenched shores to the vibrant pulse of city life, ensuring the safety of your finances is as important as your itinerary. Here’s how you can protect your financial well-being while savoring the joys of summer travel.

Before You Go

There are a few steps you can take to make sure you’re secured and well prepared for your trip, so be sure to:

• Update your device: Make sure your smartphone, tablet, or laptop, and any apps are updated to the latest software as this will improve your device’s ability to defend against malware.
• Back up your information: Perform a backup of your photos, videos, contacts, and any other important information.
• Enable ‘Find My Device’: Whether you’re an Android or iOS user, make sure to enable the ‘Find My Device’ feature on all your devices. This will allow you to find your device, like your phone, laptop or tablet, as well as disable it or wipe it remotely.
• Lock it up: If your devices do not have passwords on them, it’s time to enable a strong PIN or password! Get into the habit of locking all your devices before you stop using them to ensure no one has time to steal information.

Using Public Wi-Fi Wisely 

Public Wi-Fi is a traveler’s best friend for staying connected, but it’s also a playground for cybercriminals. To stay safe:

• Verify the network: Always confirm you’re connecting to an official hotspot.
• Use a VPN: A Virtual Private Network encrypts your data, shielding your online activities from prying eyes. Learn more about VPNs here: What Is a VPN, and Why Would I Need One? (howtogeek.com)
• Stick to HTTPS: Ensure the websites you visit are secure, indicated by ‘https://’ in the URL. Here’s how to check if the connection is secure: 2 Ways To Tell If Your Communication To A Website Is Secure - UW–⁠Madison Information Technology (wisc.edu)
• Keep it limited: Avoid accessing sensitive information like bank accounts or personal data on public networks.

Handling Cash and Credit Cards 

Cash is king in many places, but carrying too much can be risky. Credit cards, on the other hand, offer convenience and security. Here’s how to manage both:

• Divide and conquer: Keep a small amount of cash handy and stash the rest in a secure spot like a money belt or hotel safe.
• Notify your bank: Inform your bank of your travel plans to prevent any blocks on your cards due to unusual activity.
• Choose credit over debit: Credit cards offer better protection against fraud, chargebacks, and often come with travel insurance benefits.

Stay Alert with Mobile Notifications

• Download your bank or card’s app: Before you travel, download your credit/debit card or bank’s app to have easy access to your account.
• Enable notifications: Set up instant alerts to be notified on your phone whenever your card is charged, giving you real-time updates on your spending and immediate notice of unauthorized use.

In Case of Lost or Stolen Items 

Theft or loss can happen to anyone. If you find yourself in this unfortunate situation:

• Act fast: Report any stolen items to local authorities and your bank immediately.
• Document everything: Keep copies of important documents and receipts, which will be helpful when filing claims.
• Use credit card benefits: Many credit cards offer protection for lost or stolen items, so be sure to leverage these features.

Why Credit is Better Than Debit 

When traveling, credit cards are your financial armor. They offer:

• Fraud protection: Credit cards limit your liability on fraudulent charges.
• Chargeback options: If services aren’t rendered, you can dispute charges more easily than with debit cards.
• Rewards and perks: Earn points, miles, or cashback on your travel expenses, which can be used for future adventures.

We’re Your Trusted Travel Partner

At Exchange Bank of Northeast Missouri, we understand the importance of financial security during your travels. Our range of credit card options is designed to provide you with peace of mind, so you can focus on making memories. Before you pack your bags, visit Exchange Bank of Northeast Missouri to find the perfect travel companion in our credit card offerings.

Enjoy your summer travels with confidence, knowing that Exchange Bank of Northeast Missouri has got your back every step of the way.