Oaken Update – June, 2015

We’re blooming again…

oakenstore2

As it’s the growing season, it’s only appropriate that we’re continuing to blossom too! On Monday, we’ll be opening our second Oaken store—this one in downtown Calgary, at 517-10th Ave. SW.

You may remember that we launched our first store only last month, in the heart of Toronto’s financial district. It has gotten off to a great start, and we’re very excited to be bringing our new concept in financial services to more Canadians.

Just like we did in Toronto, we’re holding a special sneak preview for our customers on Thursday, June 25, between 3:00pm and 7:00pm. If you’re in the Calgary area, we’d love to see you at this event. We’ll be serving refreshments and showcasing all the great features of the store. We’re also providing free parking—click here to see directions.

The Calgary store officially opens on June 29, so please drop by and say hello. We’ll make you a coffee, sit down for a chat and talk finances. After all, at Oaken we’re all about personalized, friendly service, whether that’s in a face-to-face meeting, over the phone, or online— whichever you prefer.


Worry-free summer travel

Canadians spend more than $35 billion annually travelling abroad—and we’re twice as likely as Americans to take our vacations in a foreign country. If you’re heading out of the country this summer, you can benefit from a bit of advanced planning to enjoy a stress-free holiday.

Pay bills in advance.

For payments that are not automatically deducted from your bank account (such as credit card balances), set up an online transfer before you leave—you likely won’t remember to do so when you’re enjoying yourself on vacation.

Buy health insurance.

The provinces strongly recommend that you purchase private insurance when travelling to a foreign country. Your provincial plan might cover your costs if you fall ill—but it might not, and it just isn’t worth the hassle to find out.

Advise your credit card provider.

Call the issuer of your credit card and let them know where you’re going and how long you will be gone. That way they won’t be surprised when charges from a foreign country start appearing on your card.

Check your credit card benefits.

Many credit cards today offer a lot of travel benefits—including insurance for car rentals, trip interruption, and, yes, health care. In the case of the latter, however, you’re usually only protected for a limited period of travel. For longer trips, buy private insurance.

Avoid travelers cheques.

While it’s still possible to purchase travelers cheques, they are increasingly difficult to use. Many restaurants and hotels now refuse them, as do a growing number of banks. Use credit and debit cards instead.

Know what you can take across borders.

Rules about bringing in medications, money and personal effects vary from country to country. If you’re in doubt about what you’re carrying, check online.


Online security—remember to do your part

At Oaken, we employ state-of-the-art security, and we’re proud to deliver an online banking experience that is safe and secure. From encryption technology to warding off hackers, we’ve made major investments to protect us all.

Nonetheless, we all have to remain vigilant. So this is a gentle reminder to all our customers to follow good security practices when online—whether with Oaken or any other website. Here are our top five tips for foiling the next cyber scam headed your way:

  1. Keep your operating system and applications up to date. Old programs are vulnerable to threats, especially if the publisher stops issuing security updates.
  2. Use the latest version of your browser. You’re not paying anything for it, and you’re getting added safety.
  3. Don’t use your Oaken Online Banking password for any site other than oaken.com. Using the same password elsewhere leaves you vulnerable.
  4. Keep your anti-virus software and firewall updated.
  5. Don’t access online banking from public or shared computers.

Easy reading

A sample of different items this month, including video from the launch of new Oaken store in Toronto.

This post is intended for informational purposes only. It is not to be considered financial advice. Always do your research before making any investment decisions.

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