Travel Checklist: Financial Tips for International Trips

Summer is here, and your suitcase is practically packing itself! But before you find yourself snorkeling in the Caribbean or backpacking through Europe, let’s make sure your finances are prepared. After all, a little preparation can go a long way in avoiding disruptions. When it’s time to go global, read this financial checklist for international travel.

1. Notify Your Bank or Credit Card Company

Before heading out, let your bank and credit card provider know about your travel plans. Provide the dates and destinations so your transactions aren’t flagged as suspicious. This ensures your accounts continue to work while you are away—because no one likes having their card declined in the middle of a trip!

PRO TIP: At Academy Bank, you can set travel notices through online or mobile banking¹ so your card stays active without issues.

2. Pay Bills Before You Leave

Nothing kills vacation vibes like late fees! Schedule your bills payments in advance. Whether it’s your mortgage, utilities, or credit card payments, taking care of these ahead of time means you can spend more time focusing on relaxing instead of worrying about missed payments.

3. Build a Travel Budget

A good travel budget is like a roadmap—it guides you through your trip without unexpected financial detours. Take a moment to estimate your daily expenses like food, lodging, transportation, and activities. Knowing your limits ahead of time can help you to make smarter choices and avoid post-vacation sticker shock.

PRO TIP: The My Finance360 platform from Academy Bank makes it easy to create budgets, monitor spending, and see your accounts (even from other banks) all in one place. It’s like a financial assistant right in your pocket!

4. Check Foreign Transaction Fees

Before you start spending abroad, check the terms of your credit or debit card. Foreign transaction fees can add up quickly.  As an alternative, bring cash or consider using a special card that waives these extra costs. After all, the less you spend on fees, the more you can spend on souvenirs!

5. Exchange Your Currency in Advance

Airport exchange counters? Overpriced. Tourist traps? No thanks. These spots have high exchange rates, meaning you will get less bang for your buck. Instead, order your foreign currency from Academy Bank ahead of your trip and receive better rates. Just visit your local banking branch to get started. Find banks near me.

6. Bring Multiple Payment Methods

Don’t rely on just one card. Carry a mix of debit cards, credit cards, and cash. Having multiple payment options ensures you’re covered no matter what happens, whether it’s a lost card or a place that doesn’t accept certain payment types. Keep a backup card somewhere different from your main wallet—like a travel pouch or locked suitcase—for added security.

7. Break Up the Cash You Carry

Carrying cash is wise, but avoid keeping it all together. Spread your money across different spots—such as your purse, a concealed pocket, or your hotel room safe. That way, if one stash is lost or stolen, you will still have funds available.

8. Set Up Transaction or Account Alerts

Keeping tabs on your account activity while traveling helps you detect problems quickly. Luckily, the best banks make it easy to stay informed about your money. Academy Bank, for example, lets you set up customizable alerts based on transaction amount, frequency, and other criteria. This keeps you in the loop, even when you are off the grid!

9. Review Travel Insurance Options

Lost luggage, canceled flights, surprise medical bills—travel insurance can be a lifesaver. Check if your financial institution offers coverage or consider buying a separate policy for extra peace of mind. It’s a small investment that will protect you from big expenses.

10. Plan for Travel Emergencies

What should you do if your card is lost or stolen? It’s important to be prepared! Save your bank’s customer service number in your phone and keep a copy of your card details in a secure place.

PRO TIP: With Academy Bank, you can freeze misplaced credit cards and debit cards instantly online or through our mobile banking app. If you suspect any fraud, contact us immediately at 877-712-2265—we’re here to help!

Smart Travel Finances Start at Academy Bank

Wherever your passport takes you, Academy Bank is your travel banking buddy. From currency exchange services to customizable account alerts, and from emergency card support (debit and credit) to our all-in-one My Finance360 platform, we are your go-to bank for international travel.

Before you head out, stop by your local Academy Bank branch or visit us online to make sure your finances are ready for takeoff!

MORE TRAVEL TIPS:
How to Start Planning Your Summer Travel
Best Ways to Save Money for Summer Vacation
How to Protect Your Finances While Traveling