Traveling? Four Ways Your Bank Can Help
Use the resources available through your bank to travel with more confidence, help avoid some common inconveniences, and even save money.
Traveling requires adequate planning around various elements of your life, but one aspect you may be overlooking is your banking. There are several ways your bank can help you have a better trip. Below, we look at several resources you should be taking into consideration.
1. Take advantage of Travel Notifications.
One thing you can do if you bank with Nevada State Bank is utilize travel notifications. Simply tell the bank before you go out of town, so they don't automatically flag card purchases made while on-the-go as fraudulent.
To take advantage of this service, log in to Nevada State Bank online banking, and go to the Services tab. Under Card Services, select debit/credit card travel notifications. Then, simply complete the required information to notify the bank of your travel itinerary. Your request can be processed in a single business day. A notation will be made to your account to help avoid card disruption while traveling. Note that your card can still be suspended if suspicious activity is detected. However, the notification will prevent out-of-town card purchases from automatically being flagged as suspicious.
2. Use Card Alerts to help protect your cards while you travel.
It's also a good idea to utilize card alerts, which Nevada State Bank also offers. These are messages that the bank sends you to help you manage and track your card transactions. The alerts provide near real-time notifications of Visa-processed transaction activity based on your own customized alert settings. For example, you can set up alerts to be notified when a transaction exceeds a particular dollar amount. The alert will provide the amount, the merchant name and location. Alerts can be sent to you via email or text message.
Card alerts are available for most Nevada State Bank Visa credit and debit cards. They can be sent to one or two credit card holders on the same account, so both you and your spouse or other account holder can keep up to date on any alerts. The same goes for checking account debit cardholders.
3. Use Nevada State Bank's new Premier Card for travel.
The new Premier Visa Signature Card®1 from Nevada State Bank gives you access to enhanced rewards and exclusive travel perks. You can get 2.5% cash back or 2.5 times points on travel (and 1.5% cash back or 1.5 times points on everything else).2 There is also a $150 or 15,000 points bonus when you spend $4,000. Foreign transaction fees are waived, making this ideal for international travel expenses.
With the Visa Concierge benefit, you can get 24/7 assistance with tickets to events, booking travel, making dinner reservations, etc. A Hotel Privileges benefit is available through the Visa Luxury Hotel & Resort Collection. Also included are trip cancellation and delay insurance, lost and delayed baggage reimbursement, and travel accident insurance. Other travel benefits include auto rental collision damage waiver and emergency evacuation insurance.
See the full list of benefits and disclosures here.
4. If traveling internationally, buy foreign currency before you go.
If you will be traveling to another country, it's a good idea to buy that country's currency before you leave. You can exchange your currency at any branch of Nevada State Bank. By doing so, you'll avoid unnecessary fees and be able to exchange your remaining foreign currency when you return. You can choose from over 80 different currency exchange options. It’s best to give the branch at least a few days’ notice so they can make sure to have the exact currency you need.
If you don't exchange before your trip, there's a good chance you'll find yourself doing so at the airport, and that's going to cost you. As Quartz reporter Rosie Spinks notes, "Nothing is more mystifying to the experienced traveler than the queue of people at the airport exchanging currencies. As a rule, exchange bureaus at airports almost always end up costing you more money than you should spend. Even if they say they charge no commission or fees, they always charge you an exchange rate that is far less favorable than one you’d get at a plain old bank."3
If you try to do your exchanging at a foreign ATM, you run the risk of not completely understanding the transaction you're agreeing to, which may include exorbitant fees. You're better off handling this with your bank. You can find more information about doing so here.
By using the tools and resources available through your bank, you can travel with more confidence, help avoid some common inconveniences, and even save money. So, be sure to add “see my banker” to your pre-vacation checklist.
1. Credit cards subject to credit approval. Certain terms, conditions and limitations apply. See Consumer Credit Card Agreement and Disclosures for details. All offers are for new consumer accounts and subject to change at any time.
2. Bonus offer applies to new Premier, Elite, or Reserve cardholders, subject to credit approval. Transactional items such as cash advances, balance transfers, returned merchandise, etc. do not qualify toward $4,000 or $5,000 spend amount. Bonus points or bonus cash will be added to your rewards points or cash back balance within 4 to 6 weeks from the end of the 90-day promotion. Certain terms, conditions, and restrictions apply.
The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. Any views expressed in this article may not necessarily be those of Nevada State Bank, a division of Zions Bancorporation, N.A. Member FDIC