Tip 8: Our top financial tips for travellers
March is a favourite time of year for Canadians to travel, especially for those with children who get a week off for March break. If you’re planning to get away, take a few minutes before you go to organize your finances.
Make sure your bills are paid on time. If there are bills that need to
be paid while you're away, pay them before you go. Or better yet, sign up for automatic bill payment using Online Banking.
Don’t carry too much cash. Cash is easily lost or stolen. Use a bank
machine if you can, and pay for your purchases with your debit or credit card. Using a credit card will provide you with a record of what you’ve spent.
Make copies of important information. Take a photocopy of your credit
cards and other identification, and keep it in a separate location in case the originals are lost.
Notify your credit card issuer. Let your card issuer know in advance
when you’re going away and how long you’ll be gone. That way, they won’t flag your purchases as unusual.
Remember that when you're away from home, even a small accident can become a big expense. CIBC Emergency Travel Medical Insurance can protect you from unexpected out-of-pocket medical costs - no matter where in the world you're travelling.
Talk to a CIBC advisor today and determine which products are best for you. Visit a branch or call us at 1-800-281-9109.
Insurance products are provided by various third party companies. CIBC Emergency
Travel Medical and Trip Cancellation Insurance is underwritten by Co-operators Life Insurance Company. All CIBC Travel Insurance Products are administered by TIC Travel Insurance Coordinators Ltd.