How to Avoid Identity Theft While Traveling

Identity theft and scams are on a rise ever since the digital revolution took over. It becomes even much bigger of an issue when you’re traveling. If you travel frequently and still haven’t paid attention to risks of identity theft, we suggest you to reconsider. Tips and tricks that are shared in this article was from Reliabe Moving – A Richmond BC based moving company. When you’re traveling, you automatically become more vulnerable to cyber-attacks hence you’re at a greater risk of being hacked or have your identity stolen. Carrying important and confidential documents, making online transactions along with extensive usage of unknown networks and unreliable public connections aid to cyber-crimes which have become a growing problem all around the world.

With modern technology, it gets a lot more difficult to maintain a protective barrier between potential thieves/hackers and your data. There are a number of ways you can minimize the risk of identity theft when you’re on the go. Mentioned below are a few tips you’ll find useful when trying to keep safe when traveling.

Always Leave Valuable Documents Behind

Whenever you’re leaving your home for a trip, always make sure you’re carrying only the essential documents. A normal person carries things like checkbooks, credit cards, bank statements and other documentations which can easily be stolen or misused. Always make sure you unpack all of the important documents you won’t need before you traveling.

Stay Alert When Using Public Internet Connections

Always think twice before logging in to your bank account, accessing your email or feeding in confidential details like your credit card number whenever you’re using an unfamiliar public network. It is totally natural for you to be using new and unreliable free Wi-Fi (loads of them!)  when you’re traveling. We suggest you to opt for the connections that requires you to sign up or register before you use them.

Erase Your Browser History and Cookies When Using A Public Terminal

If you can, avoid logging in to your Facebook or bank accounts altogether when using a public computer. You’ll really never know if someone logs in to your accounts and get access to your data when you walk away after using that PC. The cached data tends to store private information, loss of which can lead to potential identity theft and hacking.

Trust Bank ATMs Only

Installation of card readers in various generic ATMs continues to enable access to your confidential account details. It’s never a wise decision to make any transactions at the ATM available in malls, hotels or stores. If you are to withdraw cash, always go to the bank’s ATM.

Moreover, it is a good practice to check the surroundings before using an ATM machine. Make sure that there are no hidden devices installed especially above the card slot, or below. Also ensure that there’s no one around holding a cell-phone camera pointed towards the card slot.

Stay Up to Date with Your Credit Card Statements

We suggest you to keep checking and rechecking your credit card statements in case someone else might be using your credit cards. Remember to keep an eye out and stay a step ahead from potential thieves and hackers even when you’re using a trusted connection.

Keep Your Cell Phone Secure

Your laptop is not the only device that needs protection. Your cell phone is equally at risk, even more, since everything is being done via smart phones these days. Make sure your phone is locked. Set a password that’s not too easy to guess and always log out of various apps before going out in order to keep your private data safe. Change passwords and pins often to bring about a more effective phone protection system.…

How To Avoid Credit Card Fees When Traveling Internationally

Traveling around outside of your country is really expensive as it is but you can always save considerable amount of money on everything including food and hotel accommodations.

While traveling can certainly drain your wallet, especially in case your budget is unplanned beforehand, it does not necessarily have to be expensive.

The best way to cut down expense when in a foreign country is to avoid international transaction fee. You can easily save 1-3% on all foreign transactions by following the tips mentioned below.

In this article, we aim to highlight a number of ways in which you can dodge international ATM fee as well as foreign transaction fee. These include:

Use A Credit Card Without a Foreign Transaction Fee

Credit card fees are major revenue generator for credit card companies

The wisest decision you can make when wanting to avoid additional expense is to cut the cord altogether. Using a credit card that doesn’t charge you when you make purchases abroad should be the first thing you should do. These credit cards aren’t only a holy grail for travelers, you can save a lot of money by using them even when you’re not traveling.

Switch to a Bank Account That Won’t Charge You A Foreign Transaction Fee

Getting a bill on your debit card for foreign transactions is also an issue when purchasing things overseas. If you’re are frequent traveler, the amount of fee you will have to pay each time you fly out can add up to a really fat amount, hence giving your pocket a hard blow. Switch to an account that won’t penalize you when you use it out of your country.

Find Out If Your Bank Has a Foreign Alliance

You’re lucky if your bank has a foreign partner in the country you’re traveling to. It can save you loads of bucks when withdrawing money from a financial institution your bank has a foreign alliance with. If it doesn’t, we suggest you to open a new account in a bank that does and use it to get your transaction fee waived when traveling.

Exchange Currency Before You Fly

Most people get their currency exchanged after they have landed abroad which might not be the greatest idea. Try to plan things out and stick to it. Draft out an estimated budget and get your money converted before you leave your country in order to avoid paying extra money on foreign transactions.

Your bank may sell you foreign currency that won’t require you to pay extra charges which is proven a lot more convenient for overseas travelers. Getting excess to foreign funds and availing reasonable exchange rates can affect you drastically in the long term.

Avoid Using Foreign ATMs Or Banks

Some banks tend to charge you with additional fee if you access your account via an out-of-network machine. This could lead you to having lost a generous amount of cash, each time you use an ATM abroad. Now, you cannot avoid using an ATM when overseas completely but you can always minimize the number of times you withdraw any cash. Get an estimated amount of cash you might need in one go. That way, you’ll just have to pay the additional transaction fee once.

Conclusion

Indeed, all the credit card and foreign bank fees can be a source of great pain and hassle. In case you plan to use your credit cards to pay for various tourism activities and souvenirs while traveling, try to look for ways to avoid the extra transaction fees.
Check out bankrate website for the latest updated fees from major credit card companies in the U.S.

The above-mentioned tips will provide you a basis for planning your trip on a budget, allowing you to save as much as a couple hundred dollars in transaction costs. …