Suitcases, ready; plane tickets, ready; credit card, ready… Are you sure? If you are about to go abroad for business or pleasure, you should be aware that most banks require you to notify them.
Today we will talk about an issue that some traveling cardholders have had to experience (by hook or by crook), and that many others continue to ignore: the foreign travel notice to banking institutions.
If you have not left the country for a long time and suddenly you travel and make a payment with your credit card abroad, it is possible that the issuing institution will block the plastic due to the abnormality of the situation; it makes some sense, don’t you think?
Some institutions no longer require this notice. Here is a list of the main banks in Mexico and what you should do regarding the use of your card abroad:
Cardholders of this bank will no longer need to notify the bank about their trips to use any of their plastics (credit and debit). However, we recommend you to keep your information updated for future clarifications (In Citibanamex and any other institution).
Bank of america in Spanish
Although it is not mandatory, if you prefer to notify us every time you travel outside the country with your credit and/or debit cards, we would appreciate it. This way we can better validate your transactions on your travels.
Although it is not mandatory, if you prefer to notify us each time you travel out of the country with your credit and/or debit cards, we would appreciate it. This way we can better validate your transactions on your travels. Who is it for?
Bank of America Travel Center
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Can I withdraw money abroad with my debit card?
If the transaction was made using a debit card, or other forms of electronic funds transfer, you may have additional protections under federal law. Electronic fund transfers include ATM transactions, debit card purchases, some online bill payments, and payments you have set up to be automatically deducted from your account.
Let’s say your debit card or PIN was lost or stolen. If you notify your bank or credit union within two business days of discovering the loss or theft of the card, the bank or credit union cannot hold you liable for more than the lesser of the unauthorized transactions or $50. If you notify your bank or credit union after two business days, you could be liable for up to $500 in unauthorized transactions. In addition, if your bank or credit union sends you a statement showing an unauthorized debit, you must notify them within 60 days. If you wait any longer, you may have to pay the full amount of the transactions that occurred after the 60-day period ended and before you notified the bank or credit union. To hold you liable for those transactions, the bank or credit union would have to prove that, if you had given notice before the end of the 60-day period, the transactions would not have occurred.