Whether traveling around the United States or enjoying an excursion abroad, you're probably going to need to access your checking account at some point. Luckily, banking while traveling is easier than ever:
When traveling abroad, consider using a debit card, which can get you better exchange rates. You will most likely see foreign transaction fees, which range from one to three percent of the purchase price, but it may be cheaper than purchasing currency. Plus, if you don't want to carry a lot of cash around with you, purchasing currency may not be the best option for you. Debit cards will protect you against fraudulent purchases or lost or stolen cards. Consider bringing more than one card and leaving one locked in the hotel in case of an emergency.
You can still use ATMs for your banking needs while traveling abroad. However, most foreign ATMs will have a fee to exchange currency as well as a foreign ATM fee. Consider withdrawing larger amounts at a time so you aren't consistently paying these fees. It's worth noting that even though ATMs have fees, they are generally cheaper than exchanging currency.
With online and mobile banking, you can access your checking account when traveling to transfer funds, check balances or pay bills. All you need is internet access. To be sure you don't miss bills and payments that are due while you're away, sign up for automatic payments before you leave. If you have rent or other expenses that you can't handle online, ask your payees if you can pay in advance.
Every trip should start out with a solid budget. Setting spending limits ahead of time will help ensure you don't blow your life savings on souvenirs. When plotting out your budget, pad your estimates a little so you'll be able to account for extra expenses in case of an emergency.
Before you leave, check the balance of your checking account online and the limits of your credit cards. Map out cities that have your bank's ATMs or branches so you will have bank account access along the way.
Take advantage of mobile banking to access your checking account online during your vacation to make sure you stay current with balances and payments. To speak to a customer service representative, please call 1-800-922-9999. For more information regarding opening a new Citizens Bank checking account, please call 1-877-360-2472 or apply for a checking account online.