You may find that your credit score, no matter your age, is not where you’d like it to be. Your credit score is important, and there are many ways you can increase it over the course of a few months.
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Health savings accounts, explained
What is a Health Savings Account or HSA? HSAs are tax-free investment accounts designed to help people pay for future medical costs, like deductibles and co-pays. It goes hand-in-hand with your health insurance coverage and functions like a checking account to pay for your health-related expenses.
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The best ways to build a stronger financial plan this year (plus resources!)
The new year is an opportunity to reset and build momentum for your financial goals. Here are Bank Midwest’s top tips and resources to ensure you’re on track to meet your life goals this year.
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Digital payments explained
You may have been using digital payment methods without even thinking about it, as they have become so common in our society. At its core, a digital payment is a transaction or financial transfer that takes place without the use of physical cash.
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How online check deposit brings the bank to you
Businesses are pursuing all sorts of digital transformation these days. Yet, despite the shift online, paper checks still represent a common payment form that businesses regularly engage with. However, that doesn’t mean these companies can’t use technology to make the check deposit process more efficient and painless. All types of businesses are taking advantage of…
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How business sweep accounts work
One way business owners can make their financial lives simpler is by opening a sweep account. These accounts can streamline many cash management workflows — and, best of all, they can put money to work by earning interest or giving your company some other advantage.
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The many benefits of a checking account
Checking accounts may have more benefits than you think. Learn about the different types of checking accounts and the benefits of using them.
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Dream Big: Lalibela Ethiopian Restaurant
The story of Lalibela Ethiopian Restaurant in Sioux Falls, South Dakota, could go any number of directions, most of which would make the average person’s head spin. First, there’s a certain resilience that it takes for a family to start and run a business, fueled both by passion and a crazy high-level of tolerance for…
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Why you may want to avoid store credit cards
Store credit cards may sound like a great way to save money, but they may not be right for everyone.
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Holiday scams: How to protect yourself
The holidays are a time of cheer and goodwill, but falling victim to fraud can swiftly deflate the mood. Avoid holiday scams with these tips.
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4 cash management security protocols that focus on fraud protection
Business owners must be aware of financial fraud risks, which means being sure your cash management solution has key layers of security protection to reliably safeguard your funds.
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Is this the year your child gets their first debit card or credit card?
When is the right age for a child to get their first debit or credit card? Here are some ways to know when it’s right, as well as some tips for how to educate them on responsible financial decision-making.
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The farmer’s ledger: operating budget 101
Instinct and experience can go a long way toward managing a successful farm. But there’s no substitute for a methodical, well-recorded operating budget. Financial tidiness can help farmers have a better grasp on what they can and cannot afford, but also what they should spend money on when they have change to spare. An operating budget can…
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What you should look for in a business checking account
What you should look for when choosing a business checking account depends on your needs. Whether it’s your first business account or are switching to a new financial institution, here are a few tips to keep in mind.
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Benefits of health savings accounts for businesses and their employees
Healthcare costs in the U.S. have never been higher, and that means businesses and employees need to be strategic about how they fund medical expenses.
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Reduce fraud with cash management’s dual control
Dual Control is one layer of security in Cash Management that you may not be aware of. It requires two people in order to complete a single wire transfer or ACH batch transaction.
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How You Can Develop a Solid Savings Plan
This America Saves Week, set some time aside to see if your savings plan is working for you.
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It’s Time To Get Smart About Credit
October 18, 2019, is Get Smart About Credit day! The American Bankers Association Community Engagement Foundation works with banks around the country to raise awareness about the importance of using credit wisely. This national campaign aims to help young people develop responsible credit habits — from building a credit history to making responsible decisions regarding…
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Your step-by-step summer vacation savings guide
A good summer trip takes careful planning and budgeting. Here’s a step-by-step guide for planning a fun but financially responsible summer vacation.
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Know your credit score when buying a home
The second step in buying a home is finding out your credit score, and deciding how to proceed based on that.
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