Spring Break: Tips to Keep Your Vacation on Track

Thursday, March 14 at 11:10 AM
Category: Personal Finance

Spring is in the air, and students and families are preparing to take spring break vacations. Unfortunately, there are several financial missteps that could quickly put a damper on a vacation for unprepared consumers. Luckily, there are many precautions consumers can take to help protect themselves when planning for time away from home.

Tips to Protect Finances While on Vacation

  • Inform your bank of your travel plans. When your bank is notified of where and when you are traveling, you can avoid having cards and accounts being temporarily shut down by a bank’s fraud detection program. Arvest customers can call (866) 952-9523 to let us know where and when you’ll be traveling.
  • Most financial institutions can place an alert on accounts to let the fraud alert team know your transactions are valid. This is why it is important to tell your bank your travel plans, especially if you will be crossing state lines, leaving the country or are going to be in multiple cities over a short amount of time.
  • Make copies of the front and back of your debit and credit cards and keep them in a safe place, separate from the cards themselves. If a card is stolen, these copies can be used to cancel the card(s) immediately using your card number and the telephone number on the back of the card.
  • Keep all of your receipts and check your statement closely when you return from vacation. If you see anything suspicious, then contact your bank immediately.
  • Budget wisely when preparing for a trip; your bank or financial planner can help you figure a plan to reach a desired savings goal.
  • Travelers may opt to put spending money on a pre-paid card, such as an Arvest Spending Card or Visa gift card.  With these cards, spending money can be loaded on the card and then use it with the certainty they will not overspend. 
  • Don’t leave wallets or purses unattended, especially in places where it could be seen, like a vehicle. Thieves often target vacationers at amusement and water parks, so only take the necessities and keep an eye on belongings.
  • You should always know where your debit and credit card are. Watch for suspicious activity when handing your card to a cashier. When your card is returned, always check to make sure the card you get back is your card.

Wishing you a fun and safe vacation!

The views of this article are for general information use only. Please contact and speak with a subject expert when specific advice is needed.

Tags: Budgeting, Consumer Protection, Financial Education
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