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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A basic guide to personal banking
Money management and financial literacy rely heavily on how well an individual understands personal banking. Regardless of where you are on your personal banking journey, this guide will give you basic tips on how to use the services of community banks. From how banks work to checking and saving accounts, we’ll cover almost everything you…
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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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6 types of fraud in business
Fraud is serious business. The best way to protect your business from fraud and corruption is to understand the risks and put preventative measures in place.
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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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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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ITM – A New Way to Bank
ATMs can only offer so much. When you need to talk to a banking professional, that’s where the ITM shines. Simply select the option to talk to a live Bank Midwest employee and, in seconds, one of our employee-owners will appear on-screen to help you with your banking needs.
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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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The basics of treasury management for SMBs
Let’s take a look at the most effective treasury management tools available from Bank Midwest and how they can help your business.
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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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Dreaming 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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