PNC Bank Offers Financial Tips to Snowbirds Heading South

News provided by

Dec 13, 2011, 09:00 ET

PITTSBURGH, Dec. 13, 2011 /PRNewswire/ -- In addition to stopping newspaper delivery, refilling prescriptions, locking windows and asking a trusted neighbor to keep a watchful eye on the house, snowbirds should ensure that their finances are in order before taking flight.

Florida and other Sunbelt states see a significant increase in population during the winter months, an annual phenomenon that may be credited to snowbirds looking to escape snow storms and cold temperatures in exchange for a balmier climate. Such an escape is often meant to be a relaxing retreat and undue stress can be avoided by being personally and financially prepared.

"Our staff works with many snowbirds who are attentive to the domestic and personal details associated with temporary relocation, but may not think about personal finances," said Joe Bednarik, PNC Bank's regional manager of retail banking for Southern New Jersey. "Many of our customers aren't prepared for the financial surprises that await them – missed credit card payments or phone calls from the bank asking about out-of-state charges."

To ensure a sunny season free of financial worries, PNC Bank suggests five financial tips that snowbirds should consider before flying south this winter:

Inform your bank of your temporary address change to continue receiving financial mail and to alert bank representatives of out-of-state debit and credit card charges.
Make a list of your bank's branches and ATMs near your southern residence.
Write down the phone numbers of your northern and southern branches.
Check the due date of your credit card balance to avoid missed payments.
Sign up for online banking and download your bank's Mobile Banking App (if available) to conveniently manage your money and make deposits at home or while on the go. If you're less tech savvy, visit your branch before departing so a bank representative can walk you through these processes.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC (www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. Follow @PNCNews on Twitter for breaking news and announcements from PNC.

CONTACT:
Emily Krull
(412) 762-5654
[email protected]

SOURCE PNC Bank