1. Make online banking your best friend.
When travelling, you can’t just stop by a branch on campus. 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 if you need to order a replacement debit card. Start using it now to familiarize yourself before you take off on your adventures.
2. Let your credit union know that you’re jet setting.
Your credit union or other financial institution 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 that 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 credit card payments or subscription payments in advance.
4. How easy can you find an ATM?
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 foreign 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 ATM card in a safe place and only carrying around small amounts of cash are both ways to help you have back up plans.