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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Dreaming of a getaway?
While the pandemic has redefined vacation, most of us can agree it has not diminished the desire and importance of “getting away.” Our quarantine social distance experiences have taught us some lessons and offer some new rules for the road.
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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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A whale of a fraud
Bank Midwest has been the target of a type of fraud attempt called whaling that is growing in popularity. Instead of going after small fish (individuals), attackers are beginning to target bigger ones like organizations. All companies, even small ones, must remain alert for this growing type of attack since there currently isn’t any type…
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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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Easy ways to create more sustainable business practices
Running a business is a fiscal balancing act. Sustainable business practices can reduce overhead while serving as an example in the community and attracting talent.
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Business insurance overview for a typical policy [infographic]
Every company needs business insurance, but what does that actually mean? Let’s take a closer look at what business insurance includes.
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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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Is life insurance right for you?
Don’t wait to start thinking about life insurance. The sooner you consider your options, the more choices you’ll have available to you. Bank Midwest Insurance can help you
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How to buy a home in 5 steps
Here’s what homebuyers can expect when making their first home purchase, from prequalification to mortgage approval.
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Dream Big: Ciao Boji
It’s no secret that business owners are risk takers. It’s a lot to take on! But, what kind of intestinal fortitude would it take to open a business during a pandemic?Dreaming big resulted in Ciao Boji opening its globally-influenced, locally-sourced restaurant in Arnolds Park, Iowa.
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How does a business owner’s insurance policy (BOP) stack up to a custom business insurance policy?
Commercial insurance is a complex topic. This article compares some basic business policies to ensure you have the information you need to protect your future.
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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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How do you know if you have the right business insurance policy?
If you own a business, it’s essential to your financial health that you ask yourself these common business insurance policy questions.
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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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Improve workplace safety with an effective loss control strategy
Loss control involves creating and implementing systems that are designed to make workplaces safer through evaluation, training, and monitoring. Effective loss control systems can help reduce the cost of business insurance premiums.
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