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Do You Need To Inform Your Bank When You Travel? Travel Tip Tuesday · Travel Mug Podcast

• 0:00
  Jenn: Hey, everyone.
• 0:00
  Jenn: Welcome back to travel tip Tuesday.
• 0:04
  Jenn: Um, This week's advice started as a question that formulated in my brain.
• 0:11
  Jenn: Do you still need to inform your bank?
• 0:14
  Jenn: That you were traveling.
• 0:16
  Meggan: I think this is a wise question.
• 0:19
  Jenn: Let's talk about it.
• 0:20
  Jenn: So I remember back in the day, calling my bank to tell them that I would be traveling out of the country.
• 0:28
  Jenn: And then I was like, oh, I can do it in my online banking.
• 0:32
  Jenn: This is very convenient.
• 0:34
  Jenn: And then I went to do it online and they're like, you don't need to do it.
• 0:38
  Jenn: So I was.
• 0:39
  Jenn: What is this?
• 0:41
  Meggan: Why has this changed?
• 0:42
  Jenn: What is going on?
• 0:43
  Jenn: So I still see it advising your bank that you're traveling on a lot of travel tip lists.
• 0:50
  Jenn: So I decided to dive in a little bit we are both,
• 0:53
  Meggan: we're doing the research for you this week people.
• 0:55
  Jenn: Yes.
• 0:55
  Jenn: This week sort of.
• 0:56
  Jenn: We're in Nova Scotia.
• 0:57
  Jenn: I personally bank with Scotia bank and they do not need to be informed because of their quote unquote advanced fraud protection, whatever that is protects you, wherever you go.
• 1:09
  Jenn: And somehow they know that you're traveling.
• 1:12
  Jenn: I don't know.
• 1:13
  Meggan: I wonder how they, that part freaks me out.
• 1:16
  Meggan: Like how do you know it's me?
• 1:18
  Jenn: I don't know.
• 1:19
  Jenn: I sometimes
• 1:20
  Meggan: it's advanced
• 1:21
  Jenn: its so advanced.
• 1:22
  Jenn: Sometimes I buy stuff like at the airport with my credit card to be like, look I'm in the Halifax airport.
• 1:28
  Jenn: I don't know if they look at that.
• 1:30
  Meggan: What are you like Hansel and Gretel like leaving little like bread crumbs for them.
• 1:35
  Jenn: I dunno if that makes a difference.
• 1:37
  Jenn: I have no idea.
• 1:39
  Meggan: I love that.
• 1:40
  Meggan: Look at me now I'm buying a sandwich at the Halifax airport.
• 1:45
  Jenn: I dunno.
• 1:46
  Jenn: So I dove it anyway.
• 1:48
  Jenn: Most banks in Canada do not need to be notified anymore.
• 1:53
  Jenn: But they do suggest making sure that your contact information is up to date so that they can contact you.
• 1:58
  Jenn: If they're like what's going on?
• 2:02
  Jenn: Um, However, I did see that some or a lot of American banks still want slash need you to notify them of travel.
• 2:13
  Jenn: So keep that in mind if you're listening from the us.
• 2:16
  Meggan: Well I think the us banking system, I think what's pretty different.
• 2:20
  Meggan: There is there's tons of different even like local state banks that are not Countrywide.
• 2:27
  Jenn: Yeah.
• 2:27
  Meggan: Here, we sort of have the big five plus a few others.
• 2:30
  Jenn: Yeah.
• 2:30
  Meggan: But I think there, and they may not have, because of the smaller nature of some of the banks, they may not have the advancements.
• 2:38
  Jenn: Yes.
• 2:39
  Meggan: But logically, they might still need you to inform them cuz they just don't have like the technology to know that could be it.
• 2:46
  Jenn: Yeah.
• 2:46
  Jenn: I mean that seems fair.
• 2:48
  Jenn: Just a couple of other banking related type of tips.
• 2:52
  Jenn: If you don't have a chip debit slash credit card yet, where have you been get one of those now?
• 2:57
  Jenn: Yeah, it definitely makes traveling so much easier, especially in Europe.
• 3:02
  Jenn: It, a tap.
• 3:03
  Jenn: Tap is huge.
• 3:05
  Meggan: I love tap.
• 3:06
  Jenn: We love tapping.
• 3:06
  Jenn: And then if you don't have a credit card, a visa debit card is a thing that makes things a lot easier.
• 3:13
  Jenn: I also suggest finding a partner bank with your bank.
• 3:17
  Jenn: If you wanna,
• 3:17
  Meggan: I never thought of this before.
• 3:19
  Meggan: Tell us why you should do that.
• 3:21
  Jenn: Oh my God.
• 3:21
  Jenn: Well, you can save some money on the fees.
• 3:26
  Jenn: So for example, my bank Scotiabank is partnered with Barclays in the UK or the bank of America in the us.
• 3:33
  Jenn: So I can use their ATMs without incurring international ATM fees.
• 3:39
  Meggan: I didn't know that.
• 3:40
  Jenn: Meggan, where have you been.
• 3:43
  Meggan: I don't know, apparently not working at a bank.
• 3:45
  Jenn: Apparently get getting fees, get clear, like
• 3:48
  Meggan: just, just having some fees.
• 3:50
  Meggan: I love all of this.
• 3:52
  Meggan: I knew that I no longer had to inform.
• 3:54
  Meggan: I always felt like when I called my bank, that I was like, Calling someone to like, be like, so I'm traveling.
• 4:01
  Meggan: Um, Could you make a note Jim, of where I'm going?
• 4:04
  Meggan: um, And it always felt silly, so I, but obviously necessary, but I'm really glad we've sort of gotten, you know, more advanced with that.
• 4:13
  Meggan: I think all this is great.
• 4:14
  Meggan: I'm definitely gonna look up like literally when we hang up the partner bank thing, I think that's really cool and never thought of that.
• 4:21
  Meggan: So.
• 4:22
  Meggan: I mean, I got nothing else to add, but thanks for sharing this very useful info.
• 4:26
  Jenn: You've learned something, hopefully those out there listening, hopefully you've learned something due and we can all pay less bank fees at or
• 4:36
  Meggan: We're changing lives out here.
• 4:37
  Meggan: I mean, saving money at least.
• 4:40
  Jenn: Exactly.
• 4:42
  Jenn: Uh, Thank you so much for listening to this travel tip Tuesday, listening to the travel mug podcast.
• 4:49
  Jenn: We're so happy that you were listening to us.
• 4:51
  Jenn: As always, you can find us on our website, travel mug, podcast.com on the socials travel mug podcast.
• 4:59
  Jenn: Um, Support the show by buying us a coffee, kind of like Patreon, but not Patreon.
• 5:04
  Jenn: And you'll get fun.
• 5:05
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• 5:12
  Jenn: And we'll talk.
• 5:13
  Jenn: Why not?
• 5:14
  Jenn: Again, real soon.
• 5:16
  Jenn: Bye.
• 5:17
  Jenn: Bye