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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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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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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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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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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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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Store credit cards may sound like a great way to save money, but they may not be right for everyone.
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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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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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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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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 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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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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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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This America Saves Week, set some time aside to see if your savings plan is working for you.
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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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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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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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Do you know how to properly manage your debit and credit accounts?
ContinueYou must also take security into account while using a mobile device.
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