It can be a nightmare to be duped by a trickster when you are enjoying your vacation. Follow the tips given in this article to safeguard your money and other financial information during a vacation.
1. Clean and Lighten the Wallet
This is the golden rule to follow when you are going on a vacation. Do not carry hard cash except a very small amount needed for conveniences. Leave the cheque book at home and keep an ATM card to withdraw cash from ATMs during the holidays. Also, keep only the photocopy of your health insurance card while leaving the original behind at home. The chances of theft get reduced by a huge margin when you have a clean and light wallet.
2. For Heavy Purchases, Use Your Credit Card
Make use of your credit card for purchasing products. You have no liability if it is stolen or lost during the trip. Keep another one to make use of if the first credit card gets stolen or lost.
3. Get Travel Insurance
The small premium you pay on your travel insurance policy saves you from any theft of money or other belongings. Do not forget to carry the insurance documents along with you on your trip.
4. Buy a High-Quality Bag to Keep Money
Pick pocket slash pocket of jeans or trousers to steal your money. Instead of keeping money in a wallet in your back pocket, keep it concealed in a bag.
5. Inform the Bank and the Credit Card Company About Your Vacation
Banks and credit card companies block cards during a vacation to protect their customers from a fraud. Give a call to your credit card company before using the card.
6. Use ATM Locator to Find a Trustworthy ATM
There are many fake ATMs in high traffic places that you must avoid for withdrawal of money. Find out a safe and trustworthy ATM from the website of Visa and MasterCard.
7. Keep a Record of Your Transactions
Take a look at the statement of your credit card as soon as you are back from your vacation. If there are entries that do not match with your transactions, you must inform your credit card company or bank as soon as possible.
8. Change Your Password on the Phone and Laptop
It is easy to access your financial details for a thief with the help of your stolen mobile or laptop if you have a weak password. Change the password when you go on a trip to stay relaxed and peaceful.
9. Do Not Flash Your Debit Card
You must not flash your ATM card to catch unnecessary attention. Keep it safely in a bag and take it out only when you are inside an ATM. After withdrawing the money, keep only a small amount in the wallet while stashing the rest in a bag or socks.
10. Keep Important Documents Inside Hotel Safe
Many people make the mistake of leaving behind their cards and other important documents inside hotel room. This can be pretty unsafe. Instead, make use of hotel safe to keep your cards and even cash.