Managing your money while you’re abroad
If you’re going abroad, make sure you keep on top of your finances while your away by managing your bank account online.
It’s easy to forget all about it, but it’s a good idea to keep an eye on your money while you’re away.
And with an online bank account it’s easy to keep in touch with what’s happening in your bank account.
Keep an eye on your balance
Most banks will let you see your balance when you log on to your account online.
It’s like having a branch at your fingertips – you can see what’s coming in and out of your account as well as being able to transfer money or make any payments you need.
You’ll always know how much money you have available while you’re away so you can decide how much you want to spend.
Don’t forget to pay your bills
You can also keep track of your bills while you’re away so you never forget to pay them.
There are now many online banking tools which allow you to receive and pay bills from a number of different suppliers from water companies and electricity suppliers to digital TV companies.
It’s really handy if you don’t pay your bills by Direct Debit and helps you manage your bills while you’re gone.
Not all banks offer these services with their online banking so it’s a good idea to compare current accounts to see what you’ll get with yours.
Going abroad? Don’t pay commission on your foreign currency
If you are heading off on holiday, you’ll probably want to take some cash in the local currency with you.
Even if you’re paying for things with your debit or credit card, cash comes in handy for things like taxis, tips and food and drink.
It’s worth checking the extras with your bank account to see if you can make savings, as some will offer commission-free foreign currency as well as a range of other benefits such as free travel insurance.
You’ll pay a monthly fee for this type of account and the type of insurance will depend on which account you choose.
If you’re not getting these great benefits with your current account, you might want to switch current account to a new provider.
By getting these benefits with your current account it could be cheaper than buying them all individually.