Traveling is all about spending the money you make when you are not traveling. But after all, it is your hard earned money and you ought to spend it wisely. While you got your room with a view at a bargain and the cheapest flights for that perfect getaway grappling with a new currency, exchange rates can ruing your holiday.

Here are five tips to keep your money safe while traveling.

Plastic money

Visa and Master cards are widely popular all over the world today and it is safe to make purchases or pay hotel incidentals with your card than with cash. It saves you from fraudulent money changers and also helps you record your expenses. Plus, you will not have to carry multiple currency notes and small change while experiencing local highlights and activities. Embrace the change.

Keep banks in the know

To avoid triggering a fraud alert, let your bank know where and when you will be traveling. You don’t want to worry about having a legitimate transaction declined because your bank thinks someone stole your card. You may want to check the exchange rates and credit card offers with your bank before you leave. You will be surprised at their international offers.

Sign up for SMS alerts

If your bank offers transaction alerts via SMS/text messages, make sure you sign up for it. If you are already signed-up and the phone you are going to carry is different from the one registered with the bank, change it for the duration of travel.

Call your bank if you suspect something suspicious

If you suspect suspicious activity on your account history or have misplaced your card details, the most important thing to do is contact your bank to report the incident immediately. Relay as much information as you can and they will work with you to track the fraudulent activity and halt it. You’ll be better off doing it sooner than later, as it will put you in a better position to have those charges refunded! In rare instances, your bank may ask you to lodge a report with the authorities. Remember to keep a copy of the report for your records.

Review your purchases

Scan your payments history on-the-go and once you are back. If you have to access your online banking service make sure it’s only through a private Wi-Fi network. It is safer to use your banking app on the phone instead.

Despite its rarity, it is always better to be proactive than reactive.