FINANCIAL PREPAREDNESS....WHEN TRAVELING
Hopefully, you didn't miss our weekly tip too much last week. I was hoping to send a tip out, however the Blue Mountains of W. Virginia had less than ideal technology for me to craft and deliver the message. So, it is coming to you this week.
The tip for this week is to create multiple options to access your monies while traveling. I luckily had an option, that I share below.
On Saturday, the 30th of June, we were traveling from Raleigh, N.C. to the Blue Mountains of W. Virginia. At lunch time, I realized that I couldn't find my debit card and went into a state of panic. I determined that I had probably left the debit card at a gas station in Raleigh, N.C., earlier in the day. We called the gas station and they stated that they did not have the card.
As a deeper sense of panic set in, I determined that I needed to stop the card, yet how would I access the monies in the account? So, I called and put a cease on the card and then it dawned on me that I could transfer the money from that credit union to the credit union I use for my business and alternate accounts. Luckily, I had my business debit card and my other personal debit card.
The added challenge was that it was a Saturday and the credit unions were already closed for the day. So, I couldn't get help from the credit unions until Monday and that would only be possible if I had cell reception in the remote resort we were staying at. So, I thought about sending money to myself through Venmo, as I use that app to pay my childcare provider. However, I soon remembered that you have to set up the accounts before you can transfer and that can take a day or so. Then my husband asked if I had the checkbook with me, which I did! I proceeded to write myself a check and electronically deposited it to my other account via the electronic deposit option on the credit union app! Immediately, we had access to money in the account and the remainder was available in the coming days.
Moral of the story, think about your access to your money while traveling. Do you have an alternate account that you could use? I now plan to set up Venmo for future emergency transfers, as I may not have my checkbook with me the next time. I suspect there are other types of options out there too. Make sure you have alternate options before your next trip.
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