| |
Tips on how
If you're planning a trip outside of Canada, there are a
few things you can do to ensure your safety, your convenience
and your financial security.
- If you're going to be away for any length of
time, you should be able to make arrangements with your bank
to look after any financial obligations, like deposits and
monthly payments, that you might have.
- If you're going to be spending much time in
the US, you may want to consider having a bank account at
a US bank. Choosing a Canadian bank that has US branches
or affiliates would be best. You could also have a US dollar
account in Canada.
- Consider using traveler's cheques while away.
For a very slight cost, they provide worry-free security
in case of loss. Some premium bank accounts and credit cards
even provide them at no cost.
- Be sure to carry lots of ID when travelling.
With increased concerns about security, crossing borders
can be difficult unless you have sufficient ID, such as a
passport, birth certificate, citizenship certificate or landed
immigrant certificate.
- Be sure you know the limits on taking general
goods, gifts, alcohol, tobacco, food and cash into and out
of all countries you'll be visiting.
- Be sure you top up your provincial health insurance
plan or buy extra coverage. Getting sick or injured when
away could set you back many thousands of dollars, a risk
that just isn't worth it when the cost of insurance is so
low. Check your credit card because some cards offer free
coverage for limited periods when you're away.
- Although you should carry only limited amounts
of local currency, you may as well purchase that currency
at the best price. This is usually at your own bank here
in Canada rather than in a foreign country or at the airport.
If you'd like more information, click
here to find the RBC financial planning professional closest
to you.
Important information about our financial planning services can be found at the bottom of our
homepage.
|
|
