3 Important Financial Tips to Keep in Mind When You're Moving

Posted by on Monday, September 1st, 2014 at 9:01pm.

Moving can be an exciting time but there is always a lot of confusion to handle. While you're packing up all of your belongings and coordinating the move itself, you can't forget to put your finances into place at the same time. Here are 3 financial moving tips that you can use whether you're moving out of town or remaining in Calgary.

1. Bring along your credit cards and cash

During the move you may run into some instances where you need to pay with cash only and credit or debit cards won't be accepted. Make sure that you bring along some real money so that you're not stuck when you're out on the road. You may find yourself at a country store that isn't hooked up for electronic payments or you may decide to tip the movers for a job well done.

2. Switch banks if necessary

Take a look through your new neighbourhood to find out where the closest ATM and bank branches are. If the bank you usually deal with doesn't have a branch nearby, you may want to open a new account with another bank that is situated in a more convenient location.

3. Update your banking information

Provide your bank and your credit card company with your new address. If you change your bank account number during the move, update your information with your card provider, employer and utility companies. You may need to make a list of all of the companies and perhaps government agencies that would need to know your up-to-date banking information.

Once you have moved into your new place confirm that all of your banking transactions are being processed correctly if you have opened up a new account. An older account should never be closed until you see confirmation that the transactions are being processed correctly in your new bank account.

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