How To Protect Your Money When Traveling

June 24, 2014 by · Leave a Comment 

For some, international travel can be that once-in-a-lifetime adventure they’ve planned for years. For others, it’s just another day at the office. But whether you’re setting foot on new shores for the first time, or everyone shouts your name when you walk into the airport, your trip can turn sour if you don’t know how to protect yourself and your money.

Here are a few tips to keep worry-free about your money during your overseas travel.

    Money

    Do not carry this much money, or carry it like this, when traveling. (Photo credit: AMagill)

  • Make several copies of your identification. Carry your driver’s license with you, but have a backup copy with a friend or spouse. Do the same with your passports.
  • Alert your bank that you will be traveling, especially if you’re traveling internationally. Because while you know you’re in Istanbul, and your family knows you’re in Istanbul, all your bank sees is a sudden flurry of activity in Turkey. They may freeze your account to protect you against fraudulent purchases. Let them know beforehand to ensure your money is available when you need it.
  • Slim down your wallet. Bring identification, debit/credit cards and insurance cards, but leave the extras at home. If you lose your wallet, it will save you time from having to replace every card you’ve ever accumulated. Finally, carry little cash, as it bulks up your wallet and makes you an easy target for pickpockets. Carry your cash in a front pocket.
  • Do not use a money belt. A money belt, just like a fat wallet, will make you an easy target for thieves.
  • Finally, we are releasing a business case line with RFID (radio frequency identification) protection. Since many credit cards, and even the U.S. passport, use RFID, it’s easy for an identify thief to just stand nearby and capture all your electronic information. Our RFID protective cases block these individuals from gathering your information, leaving your finances, and your trip, intact.

What are some other money-protecting traveling tips you have? What strategies do you use? Or what are some lessons you learned the hard way? Leave a comment here or on our Facebook page.

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