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Money management for the traveling locum tenens doctor has never been easier. But taking simple steps to protect your finances will also keep you safe.
1. Are you there?
Check for local bank branches at your travel destination. When at home or traveling domestically, it's easy to take bank access for granted. Familiarize yourself with your bank's online services if a branch isn't available on your assignment.
2. Sharing is caring
Call your check card vendor and credit card company to let them know what days you'll be traveling and what locations you intend to visit.
Aggressive fraud detection is an admirable trait in a financial institution, but do yourself and the bank a favor. Let them know where you'll be and when to avoid the inconvenience of an untimely fraud alert.
3. Have a backup plan
Snap a pic of your credit cards before traveling. A lost or stolen card is guaranteed to be a hassle, but it'll be easier to manage when you have a copy of the card.
Make sure to get a shot of the card back, as well. Frequently, card companies include customer support information and instructions on the back of the card. By the way, this is also a good idea for your passport and other important documents.
4. Wait…how much?
Some credit card companies have different fee structures for international ATM use and currency exchange. Before traveling, figure out which credit or ATM card offers the best overseas rates.
5. The right tool for the job
Many travel-related expenses require a reservation or deposit. Frequently, these deposits are temporary charges on a credit card. Check your banking statements to ensure that funds are returned and duplicate charges aren't mistakenly applied.
6. Keep it secret, keep it safe
Avoid public Wi-Fi and computers when managing your online banking. Your smart phone and a cell connection are safer than a public system or device that may be rigged to scan for personal financial data.