You would be surprised at how many musical artists crossover to acting and vice versa. It is all in the performance, and while it doesn’t always work out (Harry Styles can’t act, guys, sorry), more often than not, it does.
Studios might put singers in their films to draw their fans to the theater or give them a shot that they have always wanted to take. Often they perform a song during the film or for the credits. Here are the best movies that star a musical artist.
1. A League of Their Own (1992)
Photo Credit: Columbia Pictures.
A League of Their Own tells a fictionalized account of the real-life story of women needing to play baseball because the men were at war. Madonna plays one of the main characters, Mae Mordabito, who is inspired by Faye Dancer.
She didn’t have much of a track record in the film, but ultimately her fame was considered a big enough asset for the film, so she was added to it. A League of Their Own features Madonna singing This Used To Be My Playground.
2. A Star Is Born (2018)
Photo Credit: Warner Bros. Entertainment.
2018’s A Star Is Born is the third remake of the film, each of which starred a singer: 1954 stars Judy Garland and 1976 stars Barbara Streisand. It follows an alcoholic musician who falls in love with a young singer.
Lady Gaga (also known as Stefani Germanotta) plays the young singer in this version. The film’s soundtrack sold over six million copies worldwide and received four Grammy Awards wins out of seven nominations.
3. Grease (1978)
Photo Credit: Paramount Pictures.
The film Grease is based on the stage musical of the same name. The studio needed a powerhouse vocalist to take on the role of Sandy. Olivia Newton-John initially turned down the role but eventually decided to take it. Her co-star, John Travolta, has said many times that he knew only one person could play this role, and it was her.
4. The Blind Side (2009)
Photo Credit: Alcon Entertainment.
The Blind Side tells the story of Michael Oher, an American football offensive lineman who overcame an impoverished upbringing to play in the National Football League (NFL) with the help of his adoptive parents, Sean and Leigh Anne Tuohy.
Tim McGraw plays Sean. His performance has been widely considered fantastic, and while he wasn’t the movie’s main star, he left an impact on many people.
5. 9 to 5 (1980)
Photo Credit: Twentieth Century Fox.
The film 9 to 5 stars Jane Fonda, Lily Tomlin, and Dolly Parton as three working women who live out their fantasies of getting even with and overthrowing the company’s autocratic, sexist, egotistical, lying, hypocritical bigot boss, played by Dabney Coleman.
Dolly Parton was already established as a successful singer, musician, and songwriter, but the film permanently launched her into mainstream popular culture. Her song, 9 to 5, garnered an Academy Award nomination and four Grammy Award nominations, winning her the Best Country Song and Best Country Vocal Performance, Female awards.
6. The Social Network (2010)
Photo Credit: Columbia Pictures.
The Social Network tells the story of the founding of the social networking website Facebook. Justin Timberlake portrays Sean Parker, the first President of Facebook. Jonah Hill was in contention for Timberlake’s role, but director David Fincher passed on him. While the film has a soundtrack, Justin Timberlake does not sing on it.
7. Glass Onion: A Knives Out Mystery (2022)
Photo Credit: Netflix.
Glass Onion is a standalone sequel to the 2019 film Knives Out, with Daniel Craig reprising his role as master detective Benoit Blanc as he takes on a new case revolving around tech billionaire Miles Bron. Janelle Monae has two roles in the film.
Many have said she is the reason to watch the movie, as her performance is incredible. She has been nominated for several awards due to this performance, including Critics Choice for Best Supporting Actress.
8. Labyrinth
Photo Credit: TriStar Pictures.
Labyrinth is a 1986 musical fantasy film in which Sarah embarks on a quest to reach the center of an enormous, otherworldly maze to rescue her infant half-brother Toby, whom she wished away to Jareth. The film stars Jennifer Connelly as 16-year-old Sarah and David Bowie as Jareth, the Goblin King.
One user quotes Bowie, saying, “I’d always wanted to be involved in the music-writing aspect of a movie that would appeal to children of all ages, as well as everyone else, and I must say that Jim gave me a completely free hand with it.”
9. Dreamgirls (2006)
Photo Credit: Dreamworks Pictures.
Dreamgirls stars both Beyoncé Knowles and Jennifer Hudson. The story follows the history and evolution of American R&B music during the 1960s and 1970s through the eyes of the Detroit girl group known as “The Dreams” and their manipulative record executive.
10. The Rocky Horror Picture Show (1975)
Photo Credit: Twentieth Century Fox.
The film is based on the 1973 musical stage production The Rocky Horror Show, with music, book, and lyrics by O’Brien. The production is a tribute to the science fiction and horror B movies of the 1930s through to the early 1960s.
In late 1973, Meat Loaf was cast in the original L.A. Roxy cast of The Rocky Horror Show, playing the parts of Eddie and Dr. Everett Scott. The success of the musical led to the filming of The Rocky Horror Picture Show, in which Meat Loaf played only Eddie, a decision he said made the movie not as good as the musical.
Source: Reddit.
Image Credit: Shutterstock – Denis Makarenko
Who is one actress you can never stand watching, no matter their role? After polling the internet, these were the top-voted actresses that people couldn’t stand watching.
10 Actresses People Despise Watching Regardless of Their Role
These 7 Celebrities are Genuinely Good People
Photo Credit: Shutterstock.
We’ve all heard the famous adage that “no publicity is bad publicity,” and while it tends to be accurate, there are certainly exceptions. But what about those few stars who stay out of the limelight and get along without a hint of trouble?
These 7 Celebrities are Genuinely Good People
Photo Credit: Shutterstock
Have you ever known someone and thought you liked them—until you learned about their hobbies? Then you get to know them and then you’re like, “Wow, red flag.” Well, you’re not alone.
These 10 Activities Are an Immediate Red Flag
Photo Credit: Shutterstock.
Some celebrities definitely seem to enjoy the limelight and keep working to stay in the public eye. While others quickly move out of the spotlight. Many of these actors and actresses stepped out of the spotlight to live a more private life without constant media pressures.
10 Celebrities That Made the Big Times Then Disappeared Off The Face of the Earth
Image Credit: Troma Entertainment
We’ve all been there – sitting through a movie that we can’t help but cringe at, but somehow it still manages to hold a special place in our hearts.
These 10 Terrible Movies Are Still People’s Favorites
For anyone looking for a savings opportunity while traveling, the nation’s largest retailer has just launched a new booking platform for its members that can help with just that.
Walmart+ Travel (powered by Expedia) is now live, allowing members to book flights, rental cars, hotels, vacation rentals, activities and more. But the best part? You can get up to 5% Walmart Cash on these purchases.
This new benefit adds to an already lucrative lineup of benefits for Walmart+ members.
Here’s everything you need to know about this new offering.
Overview of Walmart+ Travel
As noted previously, Walmart+ Travel is powered by Expedia, and it’s available through your Walmart+ account and at WalmartPlusTravel.com. It’s a great way to get extra benefits on virtually all aspects of a trip. When you book directly with Walmart+ Travel, you’ll receive Walmart Cash on your travel purchases at the following rate:
5% Walmart Cash on hotel bookings, vacation rentals, rental cars and activities.
2% Walmart Cash on air travel.
If you book a vacation package that includes two (or more) of these items, you’ll earn Walmart Cash at a blended rate (e.g., 2% on the air travel part of the purchase and 5% on the other parts).
Your Walmart Cash will appear as “pending” in your Walmart+ account before becoming available within 30 days of the completion of your trip. You have the option of using it for future Walmart purchases or receiving it as cash back in your pocket.
Walmart+ Travel is available now for existing Walmart+ members as well as new ones. You’ll even have access to it if you sign up for a free 30-day trial of the program — allowing you to test it (and the many other benefits of Walmart+) before committing to a full membership.
How to use Walmart+ Travel
To access Walmart+ Travel, simply visit walmartplus.com and sign in to your account. You’ll find the Walmart+ Travel tile in your member hub. Simply click “Book a Trip,” which will take you to the Walmart+ Travel site, which is powered by Expedia.
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WALMART
From there, search for your desired travel arrangements — including flights, rental cars, hotels, vacation rentals and packages. You’ll clearly see the amount of Walmart Cash you’d get for each type of booking.
WALMART
Select the reservation(s) you want, then follow the on-screen instructions to finalize the booking.
Once you receive the confirmation, you’ll see your Walmart Cash listed as “pending” in your Walmart+ account within 48 hours.
Thirty days after the completion of your booking, your Walmart Cash will change to “redeemable” and can be applied to future Walmart purchases — or received directly as cash back.
Remember that airline tickets purchased through a third-party platform like Walmart+ Travel are typically treated like normal revenue tickets and thus are eligible to earn points or miles. You should also enjoy any elite status perks you have with the given airline — though this often isn’t the case with major hotel and rental car programs.
Using Walmart+ Travel with other member benefits
Of course, Walmart+ Travel is just the newest benefit for members, and it adds even more value for those taking to the skies (or hitting the roads) this summer.
For example, Walmart+ members enjoy free shipping with no order minimum (excluding most Marketplace items and certain location and freight charges). This allows you to stock up on travel essentials ahead of a trip you book with Walmart+ Travel — and you can even use any available Walmart Cash for these purchases.
For example, for those without a Walmart+ membership, these packing cubes would require a trip to your local Walmart for in-store pickup or cost $6.99 to ship.
WALMART.COM
However, Walmart+ members could have these shipped directly to their home address — and most items will arrive within one to two days.
If a road trip is in your future, you can also leverage Walmart+ fuel savings at more than 14,000 stations nationwide. This can give you 10 cents off every gallon of gas at participating locations (5 cents in Alabama and Oklahoma; subject to change).
Finally, when you arrive at your destination and settle into your hotel or vacation rental, you can launch your included Paramount+ streaming subscription (Essential plan only; separate registration required).
How to join Walmart+
If you’re not currently a Walmart+ member, you can become a member by visiting the Walmart+ website and clicking the link at the top to start your free 30-day trial.
Remember that holders of The Platinum Card® from American Express can receive a statement credit each month when they charge the monthly cost of a Walmart+ membership ($12.95 plus applicable taxes) to their card (enrollment required; Plus Ups not eligible).
As soon as your account is activated, you’ll be able to start receiving Walmart Cash for bookings through Walmart+ Travel — and access the various other benefits of membership.
Related: How to get Walmart+ with the Amex Platinum
Bottom line
Walmart+ Travel (powered by Expedia) is the newest benefit for Walmart+ members, offering up to 5% Walmart Cash on eligible bookings made through the platform. This enhancement allows Walmart+ members to save money on virtually every aspect of their travels, with Walmart Cash that can cover future Walmart purchases or be redeemed directly for cash back.
If you’re not a member, join today — and then begin receiving Walmart Cash on your next trip.
Who doesn’t love a bad movie? The only thing better than a self-aware terrible movie is a bad movie trying to be good.
There’s a guilty pleasure in knowing that even some of the brightest, most talented filmmakers can flop sometimes. According to an online movie forum, these are the ten biggest flops meant to be a hit.
1. The Lawnmower Man (1992)
Photo Credit: Allied Vision.
It’s jarring to see a movie rated 5.4 on IMDb with Stephen King’s name attached, but one commenter claims the movie was so bad King sued to have his name removed from the film’s involvement.
The film was adapted from one of King’s books and was directed by Brett Leonard. This movie-watcher describes it as “bad, but it’s also strange, unpredictable, and fun.” They also cite that a scene in the movie about a monkey robocop had to be cut from the theatrical release because it was irrelevant to the rest of the film.
2. Who Killed Captain Alex? (2015)
Photo Credit: Ramon Film Productions.
Funnily enough, this terrible movie is rated 7.0 on IMDb because of the sheer amount of ironic 10s. One person jokes, “nothing but a true passion for cinema was poured into that movie.” Another user remarks, “They asked for terrible movies, not peak cinema.” Watching the amateur acting and terrible CGI in the trailer is a trip.
The synopsis of the film is beautifully ridiculous. The Ugandan president orders Captain Alex to defeat the Tiger Mafia but dies trying. Alex’s brother investigates and vows to avenge his brother. I give it a solid 10 out of 10 for the trailer alone.
3. Battlefield Earth (2000)
Photo Credit: Warner Bros.
This film stars John Travolta and Forest Whitaker and is set in the year 3000, where the ruling alien race Psychlos has enslaved humanity. It’s based on the book by L. Ron Hubbard, the founder of Scientology.
A connoisseur of terrible movies insists this is the gold standard of unintentionally bad films, calling it the stuff of legends. To encapsulate just how bad they think it is, I leave you with this quote: “I simply couldn’t even fathom what perfect storm of events had to unfold to allow something so aggressively bad to exist on a multi-million dollar scale.”
Wait, they’re not done, “I honestly don’t think it could’ve been any worse if, literally, every person involved was actively trying to sabotage the film.” Quite possibly one of the lowest-rated films on IMDb, with a 2.5 rating.
4. Troll 2 (1990)
Photo Credit: Filmirage.
Troll 2 is a slight upgrade from the last film, at least earning a 2.9 IMDb rating. One individual thinks it gets funnier every time they watch it. The movie’s premise is a vacationing family discovers the town they’ve arrived at has been taken over by human-impersonating goblins who want to eat them.
A second user added more context, explaining the director was not a native English speaker but insisted the lines be spoken just as they were written.
5. Samurai Cop (1991)
Photo Credit: Hollywood Royal Pictures.
Samurai Cop follows the lives of two police detectives who try to stop the Katana, a killer gang trying to lead the drug trade in L.A. The movie is famous for its supposedly fluent Japanese-speaking main character mispronouncing every other character’s name and uttering cringe lines.
When one character asks him what katana means, he responds, “It means Japanese sword.” The flat delivery is fantastic; I highly recommend this terrible gem, rated 4.6 on IMDb.
6. Zardoz (1958)
Photo Credit: Twentieth Century Fox.
Rated 5.8 on IMDb, this X-rated film starring Sean Connery takes place in the late 23rd century. A savage who knows only how to kill is taken in by a bored community of immortals who are tasked with preserving man’s achievements. Someone says Zardoz fits the bill of an awful and amazing film.
Judging by the IMDb reviews, that assessment checks out. As one reviewer describes, it’s an “incredibly profound allegory disguised as a cheesy movie.” The trailer is simultaneously intriguing and disturbing.
7. The Fanatic (2019)
Photo Credit: Daniel Grodnik Productions.
Poor John Travolta — this is the second terrible movie on this list that he stars in. Directed by Fred Durst, this psychological thriller is about a rabid fan who, when cheated out of the opportunity to meet his favorite action hero, resorts to stalking and increasingly sinister methods of getting the star’s attention.
Someone comments this is easily one of the worst movies that weren’t intentionally meant to be terrible because it takes itself so seriously. A commenter named Emily gives it credit purely because everything the movie could have possibly done wrong, it got wrong, which is no easy feat. The Fanatic is rated 4.1 on IMDb.
8. Cats (2019)
Photo Credit: The Really Useful Group.
This film went viral online for supplying the internet with endless amounts of cringe. Despite having a star-studded cast including James Corden, Judi Dench, Taylor Swift, and Jason Derulo, the CGI was bizarre, and the tone was weird.
Cats is based on the famous musical about a tribe of cats called the Jelicles who, every year, select one among them to ascend to the Heaviside Layer — a type of heaven-like rebirth for cats. One person who saw the movie on a date comments the movie was so bad it ended the relationship.
9. Birdemic: Shock and Terror (2010)
Photo Credit: Moviehead Pictures.
There’s some debate over whether this film is intentionally bad, but one commenter insists it’s worse than The Room — the certifiable worst movie of all time. Another clarifies, “The director legitimately thinks he’s the next Hitchcock.”
This movie, directed by James Nguyen, is about a flock of mutated birds descending upon a quiet California town, causing casualties. Two citizens fight back against the birds. The movie is an homage to Hitchcock’s The Birds but with terrible directing and CGI. It stands at a shockingly low 1.7 on IMDb.
10. The Happening (2008)
Photo Credit: Twentieth Century Fox.
This movie singlehandedly destroyed both M Night Shyamalan and Mark Wahlberg’s careers. It’s about a science teacher and his family trying to survive a plague that somehow causes those infected by a plant neurotoxin to commit suicide. Most of the ridiculousness of this movie can be attributed to the awful writing and delivery of the lines.
A final moviegoer recited the famous line, “What? Noooo!” which is uttered by Wahlberg’s character in response to a woman who asks if he’s going to murder her in her sleep — it’s hilarious because the line is supposed to be believable but is delivered more like an SNL skit.
Source: Reddit.
Image Credit: Shutterstock – Denis Makarenko
Who is one actress you can never stand watching, no matter their role? After polling the internet, these were the top-voted actresses that people couldn’t stand watching.
10 Actresses People Despise Watching Regardless of Their Role
These 7 Celebrities are Genuinely Good People
Photo Credit: Shutterstock.
We’ve all heard the famous adage that “no publicity is bad publicity,” and while it tends to be accurate, there are certainly exceptions. But what about those few stars who stay out of the limelight and get along without a hint of trouble?
These 7 Celebrities are Genuinely Good People
Photo Credit: Shutterstock
Have you ever known someone and thought you liked them—until you learned about their hobbies? Then you get to know them and then you’re like, “Wow, red flag.” Well, you’re not alone.
These 10 Activities Are an Immediate Red Flag
Photo Credit: Shutterstock.
Some celebrities definitely seem to enjoy the limelight and keep working to stay in the public eye. While others quickly move out of the spotlight. Many of these actors and actresses stepped out of the spotlight to live a more private life without constant media pressures.
10 Celebrities That Made the Big Times Then Disappeared Off The Face of the Earth
Image Credit: Troma Entertainment
We’ve all been there – sitting through a movie that we can’t help but cringe at, but somehow it still manages to hold a special place in our hearts.
These 10 Terrible Movies Are Still People’s Favorites
Inside: Looking to put money on your Cash App card? This guide will show you how to do everything from adding funds to verifying your identity. Whether you’re using a debit card, bank account, or mobile payment service, this guide has you covered.
The Cash App Card, often called the Cash Card, is a top-rated, mobile electronic money transfer service.
This reloadable tool functions like a Visa debit card, allowing it to easily serve as a primary banking solution for users. Not limited to traditional banking hours and locations, the Cash App Card provides high flexibility for financial management.
The good news is this free and customizable debit card is linked to your Cash App balance, providing you the convenience and flexibility to handle your finances effectively and efficiently.
So, the question remains… how do you put money on the Cash App Card?
In this guide, we will teach you where can I load my Cash App Card.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
What is a Cash App Card?
A Cash App Card, often mentioned as the Cash Card, is a free, reloadable debit card designed to let you tap into your Cash App balance.
Picture it as your ticket to your digital wallet, allowing you to:
Shop anywhere Visa is accepted, both online and in physical stores.
Make use of the Cash Boost feature for instant discounts at participating retailers and eateries.
Personalize it with your unique design from the app.
Reload it at places like 7-Eleven, CVS, Walmart, and more.
Send or receive funds among friends and family.
Manage your spending and stay on budget.
The catch? Your spending power ties strictly to your Cash App balance, so be sure to top it up!
How to Get a Cash App Card
Cash App is one of the hottest new payment apps on the market.
And, like most things these days, there’s a Cash App card you can use to make purchases or withdraw money from your account.
This is great to use for the cashless envelope system.
So, how do you get started with a Cash App Card?
Step #1: Download the Cash App
To get started with Cash App, you first need to download the app.
The easiest way is to scan this QR code to get started.
After locating it, simply tap “Install” or “Get.” Once the app has finished downloading, hit “Open” to launch it.
Pro tip: Be sure you’re downloading the genuine Cash App, look for the icon that’s green with a white dollar sign (pictured above). That’s it, you’re one step closer to your Cash App Card! Now, let’s get you set up.
Step #2: Create an Account
It is ideal for digital banking, allowing you to make cash deposits, and pay in-store or online with the convenience of a Cash App Cash Card, simulating many of the features of a typical checking account.
To create a Cash App account, follow these steps:
Once installed, open the application and follow the on-screen instructions to set up your account.
You will have to enter your phone number or email address.
For security certification, the Cash App will send you a secret code to verify you. Enter it.
Select a $cashtag, which is a unique username to send and receive money (similar to Venmo)
Step #3: Link a bank account or card
Remember, in “My Cash” you’ll spot the “Add Money” option for funding.
This is the easiest way to load your Cash App Card, so you should set it up properly.
Open Cash App; it’s the icon with a white dollar sign on a green background.
Tap the top-right profile icon.
Navigate to “My Cash” – it’s a tab on the home screen.
Click “Link a Bank,” nestled within the options.
Follow the prompts to add your bank account or debit card info.
Once your card is linked, you’re all set.
Insider’s guide: Double-check your digits to prevent delays!
Step #4: Order a Cash App Card
To order a Cash App card after successfully establishing your account, follow these steps:
First, open the Cash App on your mobile device.
On the bottom of the screen, locate the card icon that is second from the left and tap on it.
Click on the green ‘Get a Free Cash Card‘ button.
You may choose your desired card style (color). Please keep in mind that certain color options may entail a small fee.
If you’d like, click on ‘Personalize Card’ to add a unique touch such as a drawing or stamp.
When you’re ready, simply click ‘Order Card.’
Through this process, Cash App provides a credit card number straight away for immediate online use. Meanwhile, your physical card should arrive in your mail within 5 to 10 business days.
How to Put Money on Cash App Card
Adding money to your Cash App card is an easy and straightforward process that can be done within a few minutes directly from the Cash App.
This process essentially involves transferring funds from your linked bank account or card to your Cash App card balance.
Below, you will learn other ways you can also deposit money, easing the process of managing your digital finances.
Step 1: Open the Cash App on your phone
To add money to your Cash App card, begin by launching the Cash App on your phone.
This app flaunts a simple green icon that should be pretty easy to spot amongst your other apps.
Bonus Tip: remember to link your bank account or debit card for smoother transactions.
Step 2: Tap on the “My Cash” tab
Now that the Cash App is opened on your device.
Tap on the ‘My Cash’ tab at the bottom-left corner of the screen.
Expert Tip: Use biometric features (facial recognition or fingerprint) for faster and more secure access.
Step 3: Select “Add Money”
After you’ve successfully navigated to the “My Cash” tab within the Cash App, the next step is selecting the “Add Money” option.
Type in the exact amount you’d like to transfer to your Cash App Card.
Be sure to double-check this figure – you don’t want to add more or less than you intended.
Learn about how to unlock borrow on Cash App.
A handy tip: If you enter an amount that surpasses your current bank balance, the App will kindly let you know.
Step 4: Confirm with your PIN or Touch ID
After entering the desired amount to load onto your Cash App card, you’re going to see a little “Add” button – go ahead and tap that.
The app now needs to confirm it’s really you, so you’ll be asked to put in your PIN or use Touch ID.
Remember, this is just to make sure your money stays secure, so it’s an important step.
Pro-tip: Make sure your PIN is both easy for you to remember and tough for others to guess.
Step 5: Wait for the money to be added
Alright, you’re almost done!
After you’ve confirmed your transaction, just sit tight while the money gets added to your Cash App Card. This usually occurs within a few moments—it’s pretty speedy. But just in case, give it a good few seconds before you check your balance.
Remember, patience is a virtue, even in the digital world! You’ve now successfully added funds to your cash card. Easy, right?
The simplicity and speed of the process is genuinely impressive, isn’t it?
Step 6: Tap “Sign Out” button at the bottom of the screen
You are going to want to do is tap that “Sign Out” button you’ll find chilling at the bottom of the screen.
Go ahead and tap it.
Do you know why this step is crucial? Because it’s like leaving your house and locking the front door. It keeps your account secure from any sneaky hands looking to fiddle with your money.
So always, always remember to sign out, alright? It’s a small step but it does a big job in keeping your account safe.
Where Can I Load My Cash App Card?
If you’re wondering how to put money on a Cash App card, you’ve come to the right place.
In this section, we’ll show you where and how to load your Cash App card so you can start using it right away.
1. Bank Account
The easiest place to load money is your bank account. Plus you can keep yourself within a spending limit for your budget.
Let’s get that Cash App Card loaded up with money from your bank.
First, make sure your bank account is linked with your Cash App. If not, just click on the ‘Banking’ tab and follow the prompts. Easy peasy!
Now, tap the ‘Money’ tab on your Cash App.
Hit ‘Add Cash’.
Choose the amount you want to transfer.
Tap ‘Add’ again, then confirm using your PIN or fingerprint.
Don’t go overboard, friend; remember, there’s a limit of $1000 per week!
2. Debit Card
Now, let’s load it up using your debit card.
Head to your profile on the Cash App.
Found the “Linked Banks” button? Great! Click it to add your debit card.
You’ll need the card number, expiry date, and security code.
Cash App might run a quick test to confirm the connection.
Now you’ve got to spend money on your Cash App Card.
3. Retail Stores
Did you know you can load your Cash App Card at various retail locations?
Forget running to a bank, just pop into one of these convenient spots. Here’s a quick list to guide you:
Walmart
Rite Aid
Family Dollar
Duane Reade
Walgreens
GoMart
Sheetz
Kum & Go
GoMart
KwikTrip
Speedway
H-E-B
Thorntons
TravelCenters of America
Dollar General
Pilot Travel Center
7-Eleven
Remember, availability may vary by location. So, ensure to check your nearest store whether they support Cash App deposits.
4. Visa Gift Cards
Similar to how to use a Visa Gift Card on Amazon, you can conveniently load your Cash App Card.
As such Visa Gift Cards are popular gifts with their widespread acceptance makes them a favorite choice.
To load your Cash App Card using a Visa card, follow these simple steps:
Open your Cash App: Tap on the “Banking” tab visible on the screen’s bottom left.
Choose “Add Cash”: Input the amount you want to load onto your Cash App Card.
Tap “Add”: Make sure you select the Visa gift card you want to transfer money from.
Authenticate your Identity: Depending on your setting, you may have to use Touch ID, Face ID, or a PIN.
Voila! That’s it, remember to keep an eye on your card balance to ensure the correct amount was loaded.
5. PayPal
While PayPal is a popular option to transfer money, you cannot transfer money directly to your Cash App Card.
You will need to transfer the money from PayPal to a linked bank account first and then move the money to Cash App.
Learn which payment type is best if you are trying to stick to a budget.
What are Paper Money Deposits?
Just like the slang for how much is a rack, paper money deposits are what Cash App calls the transfer of your money.
Remember, you can deposit up to $1,000 every 7 days and $4,000 every 30 days. Deposits must be a minimum of $5 per transaction and not exceeding $500.
There is no fee to use the card. As Cash App makes their money by the transaction may be subject to a small fee charged by certain retailers.
What are Boosts?
Heard of ‘Boosts’ in the Cash App world? Let’s break it down.
Boosts can help you get more bang for your buck, offering discounts on eateries or stores you frequent. It’s like enjoying 15% off your latte at your go-to coffee shop, neat, right?
Here’s how to utilize ‘Boosts’:
Open your Cash App and find the Boosts.
Scrutinize your options and activate one Boost.
Swiftly switch on and off your Boosts to fit your needs.
So, add a little boost to your Cash App Card and enjoy some savings!
Tips for Using Cash App Card Safely
To make the most of your Cash App card, it’s crucial to have a grasp on the safety and security measures.
The Cash App card offers users the flexibility of managing money without the restrictions of traditional banking. Plus it serves as a tool for receiving and sending money, and also helps in money management and budgeting.
1. Check Your Card Balance and Transactions
Knowing your balance and checking transactions is crucial when using your Cash App Card.
Being aware of your balance ensures you can make transactions without exceeding your available funds, helping avoid any embarrassing situations or penalties.
Monitoring transactions regularly allows you to spot any fraudulent activities promptly and acts as a deterrent for any additional, unwarranted fees that could be associated with specific transactions.
Additionally, when you add funds to your card at a physical store, you should always confirm that the funds have been accurately transferred to your Cash App account before leaving, to sidestep any discrepancies or issues.
To check your balance, log into your Cash App account and click on the dollar symbol on the home screen. This will promptly display your current balance.
Now, for transactions, tap the “Cash” tab to view your recent transactions.
2. Avoid Scams
Navigating Cash App Card could be a breeze, but it’s crucial to be aware of potential scams that might catch you off guard.
**Be Aware of Who You’re Trading With** Transactions on Cash App are instant and can’t usually be reversed. Be cautious in your dealings.
**Secure Your Account:** Maintain strict privacy over your Cash App PIN and use your phone’s security lock feature to avoid unauthorized access.
Remember, your alertness is your best bet to keep scams at bay! Keep yourself informed and stay safe.
3. Use the Security Features
The Cash App strives to prioritize security and protect its users’ money, making it a pocket-friendly financial tool.
The Card is issued by Sutton Bank and has FDIC insurance, ensuring your hard-earned money is safeguarded.
But, besides this innate security feature, there are multiple ways to assure maximum security while using your Cash App Card:
Securing Your Cash App Account: Before using the Cash App Card, it is pivotal to add strong security measures to your Cash App account. This can include setting up a unique and complex password, enabling two-factor authentication, or using touch ID/facial recognition if your device supports it.
Transaction and Deposit Limits: Cash App sets transaction and deposit limits to protect your account. Familiarize yourself with these limits and stick to them. Going beyond these restrictions might expose your account to risks.
Linking your Cash App Card with Trusted Accounts: While you can link your Cash App Card to multiple banks or external bank accounts, it’s crucial to ensure these accounts are trustworthy and secure. Avoid linking to accounts on public computers or networks to prevent unauthorized access or data theft.
Watching out for phishing scams and suspicious activities: Always be vigilant when receiving unsolicited communications asking for your Cash App Card Information. Remember, Cash App will never ask for your PIN or sign-in code outside of the app.
Real-time Alerts: You can also activate instant transaction alerts. This way, if your card is utilized, you will get immediate notification on your mobile device, helping you stay on top of your spending and identify any potential fraudulent activity.
Safe deposit and withdrawal: Making sure to use secure networks when depositing to or withdrawing from your Cash App Card can offer an additional layer of protection.
Navigating through these security features is not overly complex, but it reinforces your financial safety.
4. Know Your Limits
Knowing your Cash App Card limits plays a vital part in managing your finances effectively.
You want to be wary of overspending and blowing your budget.
So, if you transferred $500 for the week, stick to the $499 spending limit.
5. Use the App’s Help Function
Knowing how to use the Cash App’s help function is crucial, as it assists you in troubleshooting any issues quickly. It also shows you how to maximize the platform’s robust offerings.
To access the help function, simply tap on the “Profile” icon in the bottom-right corner of the Cash App screen, then scroll down and select the “Support” option.
If you need to get in touch with customer service, tap “Contact Support” and explain your situation in the message field.
6. Use Cash App Card for the Things It’s Meant For
The Cash App Card puts a world of financial opportunity in your hands. Convenient as a debit card, you can use it for online shopping, paying bills, or sending cash to mates. It’s your money manager without the hassles of bank operating hours.
Primarily, here’s what you should do:
Add funds to the card: You can reload your card at numerous locations, with options such as CVS, Walmart, or Dollar Tree.
Manage wisely: Budget and spend your earnings across your essentials and save some for a rainy day! This will help you to spend money wisely.
Use cash boosts: Add thrills to your regular shopping by using the exclusive ‘Cash Boosts’ for instant discounts.
The goal of the Cash App Card is to not go into debt but to live within your means.
Now, Add Cash to Cash App
In conclusion, obtaining and using a Cash App Card can greatly enhance your financial savviness by providing a convenient way to use your Cash App balance both in-store and online.
The process for getting this card is straightforward and cost-free, and gives you instant access to your card number for immediate online purchases, while the physical card arrives within 5-10 business days.
Whether it’s sharing money with friends and family, managing your personal budget, or teaching young adults about financial responsibility, this card offers a sophisticated and straightforward approach. Although it doesn’t replace traditional checking accounts, it’s an excellent alternative for unbanked consumers, those looking to rebuild credit, or teenagers with money to spend.
Just remember to keep track of the transaction and deposit limits set by Cash App to avoid any surprises.
Take hold of your finances today with your Cash App Card and experience the convenience it offers.
Start leveraging the benefits of your Cash App Card now!
Know someone else that needs this, too? Then, please share!!
Moving to Birmingham, Alabama, offers a unique blend of Southern charm, vibrant city life, and a rich historical backdrop. Residents can experience the best of both worlds, with the city providing a range of cultural experiences, diverse dining options, and a thriving arts scene while maintaining a warm and welcoming small-town atmosphere. Birmingham’s significant role in the Civil Rights Movement has left a lasting impact on its identity. The city’s strong ties to its industrial past have also shaped its character and are celebrated through landmarks like the iconic Vulcan statue. But what else is Birmingham, Alabama, known for? Whether you’re searching for Birmingham apartments, homes for sale or want to know more about this city, Redfin has you covered with local insights.
1. Low cost of living
The cost of living in Birmingham, Alabama, is relatively low, making it an attractive destination for residents seeking affordability and economic stability. The median sale price is $230,000, far less than the national median of $425,674. This allows residents to enjoy the benefits of homeownership without the burden of excessive mortgage payments.
Additionally, rental prices in the city are reasonable, providing flexibility for those who prefer to lease their living spaces. In Birmingham, the average cost of a two-bedroom apartment is $1,320, while in Fairhope, you can expect to find a similar apartment at an average price of $1,725. With affordable housing, relatively lower utility costs, and overall budget-friendly expenses, Birmingham offers a comfortable lifestyle without compromising the quality of life.
2. A mix of city and country living
Birmingham, Alabama is known for its country and city living, combining the charm of a relaxed, southern atmosphere with the amenities and opportunities of an urban center.
“If you feel torn between secluded country life and bustling city living, Birmingham is the ideal place for you,” says local newborn photographer Virginia Schultz. “From shopping and nightlife to parks and activities, everything is within your grasp. And you can still be transported to a natural secluded forest in minutes.”
3. Amazing food scene
If there’s one thing to remember, Birmingham, Alabama is proudly known for its fantastic food. With diverse restaurants and eateries serving delicious Southern cuisine, get ready to be amazed.
“Every year, three to four chefs from Birmingham receive and are nominated for the James Beard Awards,” says Joy King, a Local entrepreneur and owner of Eat. Drink. Ride Food Tour. “We have everything from authentic Ethiopian and Mexican, high-end sushi, BBQ, and soul food.”
Heather Durham, a wedding and commercial photographer, shares, “Birmingham is known for its amazing food scene, with several James Beard winners and many other accolades. I get excited to come home and always make reservations for my meals in advance to get my fix. Chef Rob McDaniel’s restaurant, Helen, is named after his grandmother and is a must-try.” If you stop by Helen, Healther recommends ordering the angel biscuits served with sea salt, maple butter, and the southern tomato pie.
“From Thai food housed in a converted gas station like Blue Pacific at Hoover Food Mart to Greek food with a southern spin like The Bright Star, there are many award-studded eats that are sure to please,” says Kate Zills, the founder of Made Simple Living, a natural beauty shop. Another one of Katie’s favorite spots is Saw’s Soul Kitchen, where she recommends you order a sweet tea fried chicken sandwich.
Nicole Allshouse, a local television host and lifestyle blogger, shares, “I’m convinced Birmingham is called the Magic City because of the highly trained chefs residing within it. If you want a five-star dining experience that will leave you dreaming about the food months after the fact, I would plan a seven-day trip and eat your way through the city. You have to try a Sunday brunch at Roots & Revelry.”
Whitney Carr, a local newborn photographer, agrees, “The best thing about Birmingham is the variety of exquisite cuisine available throughout the city. With its unique dining experience, Gianmarco’s Wine Bar will transport you to the Italian countryside, as you are surrounded by many wine selections from around the world. Should you venture downtown, James Beard Winner Frank Stitt’s Bottega and James Beard Winner Chris Hastings’ Hot and Hot Fish Club will delight your palate with their fresh, delectable dishes and superb Southern hospitality.”
4. Picturesque views
From the stunning sunsets over Red Mountain to the lush greenery along the Cahaba River, the city’s natural beauty provides ample opportunities for breathtaking sights.
“One of the reasons we love Birmingham is for its picturesque views, even within the city center,” shares Eric and Jamie, a local husband-and-wife wedding photography team. “From a gorgeous skyline and the beautiful parks and the neighborhoods to the architecture of some of Birmingham’s oldest buildings and churches, beauty is everywhere.”
5. Top-rated higher education
Birmingham, Alabama is known for its higher education institutions, which have earned a reputation for academic excellence and research contributions. One of the most prominent institutions in the city is the University of Alabama at Birmingham (UAB). UAB is a leading public research university that offers a wide range of undergraduate and graduate programs in various fields, including medicine, engineering, business, and the arts. The university’s medical center is particularly distinguished, providing cutting-edge healthcare services and groundbreaking medical research. Birmingham is also home to other notable higher education establishments, such as Samford University, a private university with strong law, business, and arts programs.
6. Beautiful parks
Birmingham, Alabama, is known for its array of beautiful parks that cater to outdoor enthusiasts and nature lovers.
Jackie Murray, a Birmingham maternity, newborn, and family photographer, shares, “Birmingham, Alabama, is known for its perfect mix of southern hospitality, good food, and outdoor activities. The parks and lakes in and around the city are unmatched. A local favorite is Railroad Park. It’s a vast green space in the middle of the city with the Birmingham skyline in the background.”
“Citywalk Park is one of its most unique attractions, right in the heart of downtown,” recommends local wedding photographer Olivia Joy. “It’s better than it sounds; a 31 acre-long park under the interstate bridge. From walking trails to a river pool to skateboarding rinks, it’s unlike any other park, and it’s got something for everyone.”
Dori DeCamillis, a local creativity blogger from Without a Net, shares, “Birmingham is in one of the most biodiverse regions in the country, and our parks and trails spread across the city, connecting us to nature and each other. We have one of the country’s most popular mountain bike trail systems, streams, and waterfalls along most trails, and fascinating rock outcroppings dotting the trails. Our location in the foothills of the Appalachians makes us a year-round destination for hiking, biking, bird-watching, and exploring.”
7. Role in the Civil Rights Movement
Birmingham, Alabama became a focal point for civil rights activism and struggles against racial segregation and discrimination during the 1960s. One of the most notable examples of Birmingham’s importance in the movement was the Birmingham Campaign in 1963. It was led by Martin Luther King Jr. and the Southern Christian Leadership Conference (SCLC). This campaign aimed to challenge the city’s rigid segregation laws through nonviolent protests and civil disobedience. The demonstrations, including sit-ins, boycotts, and marches, drew national attention to the issues of racial injustice in the South.
Moving to Jacksonville, FL, offers residents coastal charm and urban living all rolled into one. The city’s warm climate and beautiful beaches create a relaxed and laid-back atmosphere, making it an attractive destination for beach lovers and outdoor enthusiasts. With a rich history and diverse cultural scene, Jacksonville is known for its museums, art galleries, and lively music festivals. The city’s extensive park system, including the stunning Timucuan Ecological and Historic Preserve, provides ample recreational activities and exploration opportunities. So whether you’re searching for apartments in Jacksonville, homes for sale, or want to learn more about what Jacksonville is known for, this Redfin article will be your guide.
1. Low cost of living
The overall cost of living in Jacksonville is 6% below the national average , making it a great city for residents seeking affordability without compromising on amenities. The city’s housing market offers a diverse array of reasonably priced options, with the median sale price of $302,250 which is below the national median of $425,674. Rent can also be found at a lower cost, with an average two-bedroom Jacksonville apartment going for $1,504. Renting in Jacksonville is more budget-friendly than popular metros like Miami, where the average two-bedroom is $3,618.
2. Beach communities
With miles of sandy shores, quaint beach towns, and a range of water-based activities, Jacksonville is full of vibrant, yet relaxed beach communities.
“The Jacksonville beach communities are amazingly generous and collaborative,” shares Lori Richards, a local from BEAM, a community-based organization serving low-income residents living or working in Jacksonville’s beach communities. “The sense of being a hometown that cares for our own is so evident and makes this a wonderful place to live.”
3. Beautiful outdoors
You’ll find an abundance of natural attractions in Jacksonville. There are many things to explore, from the stunning beaches, lush parks, and scenic views.
“In Jacksonville’s 850 square miles, outdoor enthusiasts, artists, and nature lovers can discover inspiring preserves, water bodies, and pristine beaches,” says Shehzad Niazi, a local photographer of Photo Adroit. “From hiking and kayaking trails to historical landmarks across 80,000 acres of National, state, and urban parks, there’s something for everyone. Access to historic St. Augustine and other beautiful southern beaches adds to the allure. Despite years of visiting, I’ve only scratched the surface.”
4. Intracoastal Waterway
Jacksonville is celebrated for its intracoastal waterway, a picturesque route that winds through the city, offering stunning views and recreational opportunities.
Local resident Julia Dugger from Jax Beach Treehouse, a short-term rental property, shares, “Jacksonville is Florida’s secret jewel. While the beaches are big, beautiful, and uncrowded, the Intracoastal Waterway is where the locals play. Boating, waterskiing, kayaking, paddleboarding, or bird watching are fun things to do. Revel in spectacular sunsets and peaceful views. Visitors often decide to move to the area for plenty of reasons.”
5. Fast-growing city
Jacksonville is experiencing rapid growth, with its population, economy, and infrastructure expanding significantly.
“The best part about this city is the economic growth,” says Jesse Lane, a local and owner of J. Lane Construction. “We are doing a ton of multifamily and commercial construction in this city and across the whole state, but Jacksonville is unique and explodes with opportunity and lots of potential.”
5. Native Park
Jacksonville has one of the largest park systems in the US. One particular park of note is Native Park, which was formed in 1923 to increase public awareness of plants indigenous to northeast Florida. The park, which is maintained by the Ixia Chapter of the Florida Native Plant Society, currently has over 160 Florida native plant species organized in zones with maps and plant locations posted in a kiosk. Native Park is located in the historic Avondale neighborhood.
7. Timucuan Ecological and Historic Preserve
The Timucuan Ecological and Historic Preserve is a natural gem that preserves the region’s unique ecosystem and rich history. This expansive preserve allows visitors to explore unspoiled marshlands, historic sites, and abundant wildlife.
Explore55Plus, a company assisting search inquiries for retirement homes, shares, “There is so much to love about Jacksonville, but the stunning natural wonders just a stone’s throw away set this city apart. One of our favorite spots is the Timucuan Ecological and Historic Preserve – one of the last unspoiled wetland ecosystems in the region. Visitors can explore its ancient forests, hike along scenic trails, and discover centuries-old historical sites like the Fort Caroline National Memorial.”
8. Vibrant sports culture
Jacksonville boasts a vibrant sports culture that captivates locals and visitors alike. Home to the NFL team, the Jacksonville Jaguars, the city rallies around its football pride, creating an electrifying atmosphere during game days. Additionally, Jacksonville’s passion for sports extends beyond football, as the city hosts various sports events, including golf tournaments, college athletics, and soccer matches. With state-of-the-art stadiums, sports bars, and a dedicated fan base, Jacksonville provides a lively and dynamic environment that celebrates athleticism, camaraderie, and the spirit of competition.
9. St. Johns River
Jacksonville is widely recognized for its iconic St. Johns River that flows through the city, shaping its identity and providing recreational and economic opportunities. As one of the few rivers in the United States that flows northward, the St. Johns River offers stunning scenic beauty, making it a favorite spot for boat cruises, fishing, and water-based activities. The river’s significance in Jacksonville’s history and commerce cannot be understated, as it is a crucial waterway for transportation, trade, and tourism.
Humans and dogs have been companions for seemingly forever. But pet ownership has accelerated in recent years. Between the start of the COVID-19 pandemic and mid-2021, 1 in 5 U.S. households acquired a dog or cat, according to the American Society for the Prevention of Cruelty to Animals. That’s roughly 23 million homes with a new furry friend. And it’s translated to more four-legged travelers, experts say.
“You do see a lot of people wanting to make sure their animal is involved in the vacation,” says Brandi Hunter Munden, vice president of public relations and communications at the American Kennel Club.
The good news: “Almost everywhere has really opened up to dogs, whether it’s outdoor dining or more hotels that accommodate dogs,” Hunter Munden says.
With that in mind, here are some pet-friendly places, activities and properties to consider for your next getaway.
1. Visit Carmel Valley Ranch in Carmel, California
Dogs can explore the extensive grounds of Carmel Valley Ranch. (Photo courtesy of Hyatt)
Why we chose it: High-end pet amenities
Located about 15 to 20 minutes inland from California’s Pacific coast, humans may be drawn to the resort’s views, golf courses, tennis courts and horses — not to mention the fact that it’s bookable with World of Hyatt points.
But Carmel Valley Ranch is something of a destination for dogs, too. The steep $175 pet fee comes with an array of amenities, including a dog bed and bowls for food and water. And dogs have (leashed) access to the property’s hundreds of acres, with miles of hiking trails. There’s even a canine room service menu featuring beef bone marrow, a “secret salmon bowl” and a “butcher box.”
2. Stay at Kimpton Marlowe Hotel in Cambridge, Massachusetts
Why we chose it: Practical touches for pets
Located in the Boston suburb of Cambridge, this property upholds Kimpton’s reputation of being particularly pet-friendly. There are no pet fees and no weight or size restrictions — and water bowls are delivered to your room.
The Marlowe Hotel’s concierge is available to recommend and set up grooming, pet-sitting and walking services. Plus, guests get access to dog-walking app Wag’s premium service during their stay, which provides a 10% discount, waived booking fees and the ability to chat with a vet.
But you may prefer to walk the dog yourself. The hotel is located near the Charles River’s walking path, featuring scenic views of the Boston skyline.
3. Check out Aloft Asheville Downtown in Asheville, North Carolina
Why we chose it: A chance to find your forever friend while traveling
While the Aloft in Asheville, North Carolina, is pet-friendly for guests bringing dogs, the property also helps those lookingto adopt a new furry friend. The hotel partners with a local animal rescue on a pet adoption program. Guests can meet and bond with the hotel’s featured pup, which spends time in an enclosure just off the main lobby.
Meanwhile, the property is walking distance from many of Asheville’s famous breweries and restaurants — some of which have outdoor seating so you can bring your dog along.
4. Visit a national park and promote your dog to ‘BARK Ranger’
Why we chose it: A self-guided outdoor adventure
There are hundreds of national parks across the country, and many of them are dog-friendly. If your dog is physically up to a hike or long walk, exploring together is a great option.
“Dogs love being outdoors,” Hunter Munden says. “It’s one of the best places to bring your dog.”
But check the rules of the park before you go. Some areas may be off-limits to dogs.
Look for parks that encourage pet visits with photo opportunities or mementos for dogs to become an official “BARK Ranger.” At Acadia National Park in Maine, for example, dogs that complete a set of activities and follow the program’s principles (which make up the BARK acronym) can be formally sworn in, and they’ll be eligible for a collar tag designating them as a BARK Ranger.
Another option is to visit some of the less wild places run by the National Park Service, like the monuments on the National Mall in Washington, D.C.
5. Spend a day at Dog Beach in San Diego
Why we chose it: A leash-free trip to the beach
Dog Beach, just outside San Diego, is one of the first official leash-free dog beaches in the U.S., and it makes for an exciting excursion for pups. This destination could be a way to give your furry friend some fun and attention, plus room to roam. You might even see a few dogs surfing there.
Just remember to monitor your pup’s paws in the hot sand and bring fresh drinking water, Hunter Munden says.
6. Bring dogs along for a vineyard trip
Why we chose it: A relaxing environment for dogs and humans
There are plenty of winery-rich regions across the country, including California, Oregon, Washington, Virginia and Texas. Because wineries often have expansive outdoor space, they can be a great place to enjoy a stroll and a picnic with your pooch, assuming the winery allows pets.
Leashed dogs are allowed in outdoor spaces at Stinson Vineyards outside Charlottesville, Virginia. (Photo by Sean Cudahy)
Ultimately, Hunter Munden says a truly dog-friendly getaway is about more than simply bringing the dog along.
“You don’t really want to leave your dog holed up in a hotel or Airbnb. That’s no fun for them, and that can lead to destructive behavior,” she says. “You want to make sure if you bring them, you’re incorporating them.”
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
Open a BMO Harris Premier™ Account online and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Expires 9/15. Conditions Apply.
Many freelancers and independent professionals get by without a separate business bank account. They commingle their personal and business funds on the reasoning that it all ends up in the same place eventually.
To the extent that this happens because self-employed folks without serious business chops feel overwhelmed by the idea of separating business and personal finances, it shouldn’t. Not with small-business and freelancer-friendly business banking options like nbkc Free Business Checking.
With no minimum balance requirements or monthly fees, nbkc Free Business Checking is designed for value-conscious entrepreneurs. While it’s nowhere near perfect, it’s worth considering if the alternative is a messy status quo.
What Is nbkc Free Business Checking?
nbkc Free Business Checking is a small-business checking account with no monthly fee, no minimum balance requirement, and FDIC insurance up to statutory limits.
nbkc Free Business Checking has some other features worth noting, including free overdraft coverage, free domestic wire transfers, a Mastercard debit card, a generous ATM surcharge allowance, and robust mobile capabilities. However, it has no debit card rewards program and doesn’t pay interest on balances. It lacks some nonbanking features that many similar accounts offer, such as custom expense tracking and built-in invoicing.
What Sets nbkc Free Business Checking Apart?
nbkc Free Business Checking stands out from other small-business bank accounts for several reasons:
Very few fees. This account has no monthly fee, no overdraft fees, no wire transfer fees, and very few of the less-common fees other bank accounts typically charge.
No minimums or transaction limits. nbkc Free Business Checking has no minimum balance requirements and no limits on transaction count or value. Many other business checking accounts impose such limits, which can be costly and inconvenient.
Generous ATM surcharge reimbursement. nbkc reimburses up to $12 in out-of-network ATM surcharges each month. That should be plenty for most users.
No rewards. One notable downside of this account is its total lack of a debit card rewards program. As more business accounts offer returns on debit card spending, this omission looms ever larger.
Key Features of nbkc Free Business Checking
nbkc Free Business Checking has all the features you’d expect from a basic business checking account, and few extras beyond that.
Account Fees & Minimums
There’s no minimum balance to open or maintain your account. There’s also no monthly maintenance fee and very few fees for other account activities.
Account Yield
This account pays no interest on any balances. Nbkc has no business savings account either, leaving no way to earn interest on business balances.
Debit Card & ATM Access
This account comes with a Mastercard debit card that works at millions of in-person and online points of sale worldwide.
As part of the MoneyPass network, nbkc offers fee-free withdrawals at tens of thousands of ATMs across the United States. Out-of-network ATM withdrawals may incur fees that nbkc can’t control, but nbkc reimburses them up to $12 per monthly statement cycle.
Overdraft Coverage
nbkc Free Business Checking offers complimentary overdraft coverage at its discretion. If the bank allows an overdraft transaction to go through, it charges no fee for the privilege. However, nbkc reserves the right to deny overdraft transactions at its discretion, also with no fee.
Mobile Features
nbkc’s mobile app has solid ratings from verified users in the Apple App Store and Google Play marketplace. It shares its core functions and capabilities with the desktop banking interface:
Remote check deposit
Person-to-person payments
Scheduled and one-time bill payments
Expense tracking
Viewing and managing statements
Deposit Insurance
This account comes with federal deposit insurance up to the current limit of $250,000. If nbkc goes out of business, the FDIC steps in to ensure you lose nothing below this amount.
Pros & Cons
nbkc Free Business Checking is a straightforward small-business bank account with some clear advantages and some equally notable downsides.
No monthly fee
No minimum balance requirements
Generous ATM fee reimbursements
Free overdraft coverage
No interest on balances
No rewards
Few nonbanking features
Pros
nbkc Free Business Checking is affordable, easy to understand, and easy to use.
No monthly fee. This account charges no monthly fee, no matter how little (or how much) you keep in your account. This is excellent news for budget-conscious freelancers and small-business owners.
No minimums. There’s no minimum deposit or ongoing balance required to keep this account in good standing. Again, that’s good news for users without lots of cash to spare.
No transaction limits. Unlike some business bank accounts, nbkc Free Business Checking has no upper limit on transaction volumes. This is good if your business makes or receives lots of small-dollar transactions each month.
Generous ATM fee reimbursement. nbkc reimburses up to $12 in out-of-network ATM fees each statement period. That’s in addition to free withdrawals at tens of thousands of MoneyPass ATMs around the country.
Free overdraft coverage. nbkc charges nothing to process overdraft transactions. Though it may decline these transactions on a case-by-case basis, there’s no nonsufficient funds fee associated with a denial either.
Comprehensive mobile app. nbkc has a straightforward, easy-to-use mobile app that replicates the traditional online banking interface in a smaller format. Some competing business bank accounts are unacceptably clunky or feature-poor on mobile.
Cons
Nbkc Free Business Checking isn’t particularly rewarding and lacks some of the potentially valuable business capabilities available from some similar accounts.
No interest on balances. This account pays no interest on balances. If you want to earn a return on your company’s emergency savings fund or any other funds you don’t need right away, you’ll need to open a savings account with another bank.
No debit card rewards. nbkc has no debit card rewards program. In other words, there’s no return on spending here, unlike at many competing business banks.
Few nonbanking features. nbkc Free Business Checking is a very basic bank account. It has few useful nonbanking features, such as built-in invoicing, tax management, or accounting (beyond basic expense categorization).
How nbkc Free Business Checking Stacks Up
nbkc Free Business Checking competes against dozens of other small-business checking accounts, each with its own unique mix of features and capabilities. One of its top competitors is the NorthOne Deposit Account, a more expensive and more capable option for growing businesses.
nbkc Free Business Checking
NorthOne Deposit Account
Monthly Fee
$0
$10
Minimum Balance
$0
$0
Subaccounts
No
No, but has a built-in envelope budgeting feature
Yield
None
None
ATM Access
About 40,000 free ATMs and $12 in monthly reimbursements
Unlimited (no ATM withdrawal fees anywhere)
With no monthly fee and a generous ATM reimbursement allowance, nbkc Free Business Checking is ideal for small, budget-conscious freelancers and business owners who don’t ask much more of their business accounts. NorthOne is a better fit for entrepreneurs who need more features and services.
Final Word
nbkc Free Business Checking is an easy-to-use business bank account that’s even easier to understand. If you’re a freelancer or self-employed individual with straightforward business finances and no need for bells and whistles, it’s a reasonable choice — though not quite the best in the category.
If your financial needs are more complicated or you’re planning to grow your business in the coming years, nbkc Free Business Checking probably isn’t powerful enough for you. Fortunately, other business bank accounts are.
The Verdict
Our rating
nbkc Free Business Checking
nbkc Free Business Checking is a basic business checking account designed for freelancers and owners of small businesses with simple finances. With no monthly fees or minimums, it delivers solid value for users who don’t ask much of their business banking partners. But it lacks the firepower for larger businesses and enterprises with more complicated accounting needs.
Editorial Note:
The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
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Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he’s not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.
Home generators provide backup power during outages and are essential for homeowners. Understanding the basics, types, and fuel sources can help you choose the right generator. Installing and maintaining it properly ensures reliable performance.
Safety precautions, such as proper ventilation and carbon monoxide detectors, are crucial when using generators. Maximizing fuel efficiency, extending lifespan, and managing loads can optimize generator usage. Comparing features and options helps make an informed decision. We will cover everything you need to know about home generators.
What is a Home Generator?
A home generator is a device that provides backup power in case of a power outage. It is designed to automatically detect when the main power supply fails and quickly switch to a secondary power source, ensuring that essential appliances and electronics in the home continue to function.
Understanding the Basics of Generators
Generators work by converting mechanical energy into electrical energy. They consist of an engine that runs on fuel, such as gasoline, propane, or natural gas, and an alternator that produces electricity. When the engine runs, it spins the alternator, creating an electrical current.
Generators come in different sizes and power outputs, ranging from small portable units to larger standby generators that can power an entire house. They also vary in fuel consumption, noise levels, and features.
Benefits of Having a Home Generator
Having a home generator offers numerous benefits for homeowners:
Continuous power supply: A home generator ensures that essential appliances like refrigerators, heaters, and medical equipment keep running during a power outage, preventing food spoilage and providing comfort and safety.
Protection for electronics: Power surges can damage sensitive electronics. A generator provides stable power, safeguarding devices such as computers, televisions, and home security systems.
Comfort during emergencies: Electrically powered heating and cooling systems and essential lights and outlets keep the home comfortable even when the main power supply is disrupted.
Increased home value: Installing a home generator can increase the value of a property, making it a desirable feature for potential buyers.
However, if you live in a homeowner association, finding out if they are allowed will be essential. Having a generator could violate the HOA rules. Check with the board or management company before making a purchase.
Different Types of Home Generators
There are different types of home generators available, each with its unique features and advantages:
Portable Generators
Portable generators are versatile and easy to move around. They are typically smaller and can power a few essential appliances or electronics during a power outage. Portable generators are ideal for camping trips or powering small outdoor events.
Standby Generators
Standby generators are permanently installed outside the home and are connected to the electrical system. They can automatically detect a power outage and start supplying electricity within seconds. Standby generators are designed to power an entire house and can run on various fuel sources like natural gas or propane.
Inverter Generators
Inverter generators are a more recent innovation in generator technology. They are known for their quiet operation, fuel efficiency, and clean power output, making them ideal for powering sensitive electronics like laptops and smartphones.
In conclusion, a home generator is a valuable investment for homeowners looking to ensure an uninterrupted power supply during power outages. Understanding the basics of generators, recognizing their benefits, and familiarizing oneself with the different types available are essential steps in choosing the right home generator.
Choosing the Right Home Generator
When selecting a home generator, there are several factors to consider to make the best decision for your needs. From assessing your power requirements to evaluating safety features, this section will guide you through the process.
Assessing Your Power Requirements
Start by determining how much power you need to supply during an outage. Make a list of essential appliances and electronics that you want to keep running. Consider their wattage requirements and prioritize accordingly. This will help you choose a generator with the appropriate power output.
Determining the Fuel Source
Next, decide on the fuel source that suits your preferences and availability. Portable generators often run on gasoline, which is easily accessible. Standby generators and portable models can use propane, offering longer runtime and cleaner fuel. Gas natural, however, is only compatible with standby generators.
Evaluating the Size and Portability
Consider the physical dimensions and weight of the generator. If portability is a priority, opt for a smaller, lighter portable generator. For standby generators, focus on installation space requirements. Consider where the generator will be placed and ensure it meets all necessary clearance criteria.
Considering Inverter Generators
Inverter generators offer a compact and efficient alternative to traditional generators. They provide clean and stable power, making them ideal for sensitive electronics. Additionally, inverter generators are quieter and more fuel-efficient, perfect for recreational activities or camping trips.
Reviewing the Safety Features
Never compromise on safety when choosing a home generator. Look for features such as automatic shutdown in case of low oil or fuel levels, overload protection, and ground fault circuit interrupters (GFCIs). These safety mechanisms ensure the generator operates without harming your home or family.
By carefully considering your power requirements, fuel source preferences, size and portability needs, and safety features, you can confidently choose the right home generator that provides reliable backup power during outages.
Installing and Maintaining Your Home Generator
Preparation and Installation Process
Before installing your home generator, it’s important to ensure proper preparation. Start by determining the ideal location for installation, considering factors such as ventilation and proximity to the main electrical panel. Clear any obstructions and ensure a stable foundation for the generator.
Next, consult a professional electrician to handle the installation process, which involves connecting the generator to your home’s electrical system. Follow all safety protocols and local building codes during installation to ensure a seamless and safe setup.
Regular Maintenance and Inspections
Regular maintenance is crucial to keep your home generator in optimal condition. Develop a maintenance schedule that includes periodic inspections and servicing. This includes checking the fuel levels, oil levels, and battery condition.
Inspect the generator for any signs of damage, leaks, or loose connections. Clean or replace air filters as needed to maintain proper airflow. Consult the manufacturer’s guidelines for specific maintenance requirements and recommended service intervals. Additionally, consider hiring a professional generator technician for regular inspections and servicing to ensure thorough maintenance.
Troubleshooting Common Issues
Even with proper maintenance, home generators may encounter some common issues. It’s essential to understand how to troubleshoot these problems to minimize downtime. Some common issues include starting difficulties, engine misfires, or power delivery problems.
Check for fuel supply issues, including clogged or empty fuel tank filters. Inspect electrical connections for loose or corroded wires. If troubleshooting the issue becomes challenging, contact a qualified generator technician for assistance. Keeping a troubleshooting guide handy can help you address minor issues and restore your generator’s functionality efficiently.
Using Your Home Generator Safely
Understanding Carbon Monoxide Risks
Using a home generator can expose you and your family to the risks of carbon monoxide poisoning. Carbon monoxide is a colorless and odorless gas that can be deadly if inhaled in high concentrations. Understanding the potential risks and taking necessary precautions to prevent any harm is essential.
Proper Ventilation and Placement
To ensure safety, it is crucial to ventilate the area where the generator is being operated properly. Generators, including garages, basements, or enclosed spaces, should never be used indoors. They should be placed at least 20 feet away from windows, doors, and vents to prevent carbon monoxide accumulation.
Installing Carbon Monoxide Detectors
To detect any carbon monoxide leaks, installing carbon monoxide detectors in your home is important. These detectors should be placed on each level of your house, especially near bedrooms and sleeping areas. Regularly check the batteries and ensure the detectors are functioning correctly to provide an extra layer of protection.
Safety Precautions during Power Outages
During power outages, following safety precautions when using your home generator is crucial. Never connect the generator directly to your home’s electrical system unless a professional has properly installed it. Avoid overloading the generator by prioritizing essential appliances and electronics. Keep all cords and extension cables away from water sources to reduce the risk of electric shock.
Keep a fire extinguisher nearby and ensure everyone in your household knows how to use it.
Regularly inspect the generator for any signs of damage or wear and tear.
Follow all manufacturer’s guidelines and instructions for safe operation and maintenance.
Store fuel in approved containers in a cool, well-ventilated area away from the generator.
Never refuel the generator while it is running or still hot.
Teach your family members about generator safety and the potential hazards.
By understanding carbon monoxide risks, ensuring proper ventilation and placement, installing carbon monoxide detectors, and following safety precautions during power outages, you can safely use your home generator and provide reliable backup power when needed. Remember, these steps can protect your loved ones and prevent unfortunate incidents.
Getting the Most out of Your Home Generator
When it comes to your home generator, there are several ways to ensure maximum efficiency and longevity. Following these tips and guidelines, you can optimize its performance, power essential appliances and electronics, and manage its load effectively.
Tips for Maximizing Fuel Efficiency
Maintain your generator regularly, including cleaning filters and spark plugs.
Use high-quality fuel and ensure it is stored properly for optimal combustion.
Avoid overloading the generator – match the power needs of your appliances.
Consider investing in an inverter generator known for its fuel-efficient technology.
Utilize the generator only when necessary to conserve fuel and reduce emissions.
Extending the Lifespan of Your Generator
Follow the manufacturer’s maintenance schedule and guidelines.
Regularly check and change the oil to ensure proper lubrication.
Keep the generator clean and free from debris.
Invest in a generator cover or enclosure to protect it from the elements.
Store the generator in a safe and dry location when not in use.
Powering Essential Appliances and Electronics
Prioritize the power needs of critical appliances like refrigerators, medical equipment, and security systems.
Consider using power management devices to distribute power efficiently.
Use surge protectors to safeguard sensitive electronics.
Understand the power requirements for each appliance and ensure your generator can handle the load.
Create a priority list to manage power if your generator has limited capacity properly.
The Importance of Load Management
Understand the power limitations of your generator and avoid overloading it.
Distribute the load evenly across the generator’s circuits.
Avoid starting high-power appliances simultaneously to prevent tripping the generator.
Consider staggering the usage of appliances to reduce the overall load.
Monitor the generator’s performance during operation to ensure it is within its capacity.
By following these guidelines, you can make the most of your home generator, ensuring fuel efficiency, extending its lifespan, and safely powering essential appliances and electronics. Effective load management is crucial for smooth operation and optimal performance. Take the necessary precautions to protect your generator and enjoy an uninterrupted power supply during outages.
Comparing Home Generators: Features and Options
When choosing a home generator, there are several factors to consider. Understanding the features and options available will help you make an informed decision that meets your needs. Here are some key aspects to explore:
Factors to Consider When Buying a Generator
Before purchasing a home generator, it’s important to assess various factors. Consider the generator’s power output, fuel efficiency, noise level, and durability. Evaluate the reputation and customer reviews of different brands and models. Additionally, check for available warranty options and the availability of service and support.
Best Portable Generators for Home Use
If portability is a priority, portable generators are a great choice. These compact units are lightweight and easy to transport, making them ideal for activities like camping or as a backup power source for essential appliances. Look for features such as multiple outlets, noise reduction technology, and extended runtime.
Standby Generators: Which One is Right for You?
Standby generators offer a reliable and convenient solution for whole-house power backup. Assess your power requirements to determine the appropriate size and capacity. Consider features like automatic transfer switches, remote monitoring, and noise reduction technology. It’s also crucial to consult a professional for proper installation and to ensure compliance with local regulations.
Inverter Generators vs. Traditional Generators
Both inverter generators and traditional generators have their advantages and considerations. Inverter generators are known for their quiet operation, fuel efficiency, and clean power output, making them suitable for sensitive electronics. Traditional generators, on the other hand, provide higher power capacities and are often more cost-effective for heavy-duty applications.
Assess your needs and prioritize noise level, fuel efficiency, and power requirement to make the right choice.
Final Thoughts
Considering these factors and exploring the options, you can select the home generator that best suits your needs. Remember to prioritize factors like power output, fuel efficiency, noise level, and specific requirements for your household. Making an informed decision will ensure you have a reliable backup power solution for any situation.
Bill Gassett is a thirty-seven year veteran to the real estate industry. He enjoys writing helpful articles for buyers, sellers, and fellow real estate agents to make sound decisions. His work has been featured on RIS Media, the National Association of Realtors, Inman News, Maximum Real Estate Exposure, Newsbreak, Credit Sesame, and at Realty Biz News. He has been on of the top RE/MAX agents in New England over the last two decades.
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After the recent failures of Silicon Valley Bank and Signature Bank, you may wonder if your money is safe in a U.S. bank or credit union account. And while they’re reasonably rare (fewer than three per year), bank failures do happen.
Fortunately, the United States has systems in place to ensure failed banks don’t lead to the types of personal catastrophes we saw during the Great Depression, including regulatory oversight and a deposit insurance program.
But are those systems enough to protect your hard-earned cash, and can you choose a bank with the lowest risk and greatest odds of long-term success?
What Is Deposit Insurance, & How Does It Safeguard My Deposit?
Federal deposit insurance backed by the U.S. government protects the money in your covered accounts against a bank failure. If your money is in a protected financial institution, and that institution fails, the government covers that money. No depositor has ever lost their government-insured funds.
Its primary purpose is to promote confidence in the banking system, ensure financial stability, and prevent bank runs or mass withdrawals by depositors during times of economic uncertainty.
How Does Deposit Insurance Work?
Banks and credit unions must pay deposit insurance premiums each month just like you do for your car or health insurance. In return, the federal government, through federal agencies known as the Federal Deposit Insurance Company (for banks) and National Credit Union Administration (for federal credit unions), insures all eligible accounts for up to the federally mandated limit.
If a bank fails, the government steps in to ensure you don’t lose your money. Often, it sets up a bridge bank that allows depositors to access their money until someone purchases the defunct bank or customers have had adequate time to find a new bank.
When SVB failed, the government stepped in immediately to create a bridge bank (cleverly called Silicon Valley Bridge Bank) and make funds available to depositors. Sometimes, the FDIC or NCUA deposits funds into an insured bank and creates an account for each insured customer. Other times, depositors receive a check for the insured balance, typically within a few business days of the original institution’s closure. But you may have to file a claim to access your money or get coverage.
Coverage Limits
FDIC and NCUA insurance backs deposits of up to $250,000 per account holder per account type. If you have more than that amount, you must keep your money in different account types or at different banks to ensure full coverage. Or you can opt for a private bank that carries private insurance with higher limits.
Note that joint accounts are covered for up to double the amount an account with only one owner is, even if one of the account holders is a minor.
Also note that some cash-management accounts and neobanks offer coverage in excess of the FDIC limit through a sweep network. They deposit your funds across various insured banks to provide coverage of $2 million or more per depositor.
Eligibility
Both banks and federal credit unions must carry this insurance. Otherwise, they cannot make a claim of being a bank or federal credit union.
For example, neobanks don’t carry deposit insurance and technically aren’t banks. That’s why the fine print on some fintech websites reads, “Not a bank.” Usually, that fine print also shares the name of the bank backing the funds. But if the account isn’t backed by a bank or credit union, tread carefully.
Similarly, while not banks themselves, brokerages and investment apps like Robinhood, person-to-person payment platforms like Paypal or Venmo, and non-bank financial companies often hold deposits in the FDIC-insured accounts of partner banks.
For instance, funds held in Robinhood’s cash-management account are FDIC-insured by the partner bank. Likewise, money in your Paypal savings account is FDIC insured by Synchrony Bank.
Notably, some states require state-chartered credit unions to carry federal insurance. But others have no such requirements. Always look for the FDIC-insured or NCUA-insured logos to ensure your money is safe.
Types of Deposits Covered
Types of accounts insured by the FDIC or NCUA include but are not limited to:
Checking
Savings
Money market deposit accounts
Time deposits like CDs (certificates of deposit)
Negotiable order of withdrawal accounts
Cashier’s checks, money orders, and other official payment instruments issued by a bank
That means you can have up to the maximum insured amount in all those types of accounts, including double in any that are joint accounts with someone else, before another bank is your only option. That said, if you have that kind of money, diversifying your holdings into different banks isn’t a terrible idea.
Note that FDIC and NCUA insurance don’t protect against fraud. Check with your bank, credit union, or financial technology company to determine whether your account has protection against fraud or scams. Read the fine print on your financial institution’s website to see if it carries fraud insurance and the limits.
Other Factors Affecting Deposit Safety
You might still be wondering: Is my bank deposit really safe? While FDIC insurance can give you peace of mind, many factors influence deposit safety.
Diversification of Deposits
Now that you know FDIC and NCUA insurance only covers deposits up to $250,000 per depositor per account type, you may be wondering what you can do to prevent your account from exceeding that amount.
First, you can add a joint account holder to double your coverage. Also, diversifying your deposits across multiple financial institutions ensures coverage for all your money.
Some banks offer what they call “relationship banking” with special privileges for depositors that hold certain amounts in their bank. Typically, you can spread the total amount across deposit accounts. For example, you can have a money market, CD, savings account, and checking account, each with the maximum amount, to meet a steep minimum.
But even if you don’t have that much, you can still benefit from diversifying your funds across accounts. If a bank fails, it may take time to reclaim your deposits through FDIC insurance.
Keeping some emergency funds in a separate bank can help you in a pinch. Even if you’re living paycheck to paycheck, try to save some money in a savings account at a different bank to access in an emergency. Whether your bank fails or you’re a victim of fraud, you’ll be thankful to have a way to access some money.
Banking Regulations & Supervision
The Great Depression made it painfully apparent that banking regulations were necessary to protect regular joes from those whose money and decisions moved the economy.
During that period, the U.S. government introduced the Glass-Steagall Act to do just that. It separated investment activities from commercial banks. The act aimed to protect bank deposits from a crashing stock market and risky investments.
But in 1999, some provisions of the act were repealed to allow universal banking. Some say that led to mergers that created mega-banks while also leading to looser lending standards that eventually led to the 2008 mortgage crisis. The Dodd-Frank Act, introduced in 2010, sought to reintroduce some protections to consumers. Unfortunately, some provisions of the Dodd-Frank Act were repealed a few short years later, leaving us with the system we have today.
As of this writing, several regulatory agencies supervise the internal operations of banks, which (purportedly) help safeguard against bank failure. They are:
The Federal Reserve, which supervises member state-chartered banks and financial holding companies
The Office of the Comptroller of the Currency (OCC), the oldest bank regulatory agency in the U.S.
The Federal Deposit Insurance Company, organized in 1934, and National Credit Union Administration, organized in 1970 to protect deposits up to allowable federal limits
State banking agencies, which conduct bank examinations and construct and enforce regulations at the state level
But a handful of other agencies also help protect consumer rights when it comes to fair banking and credit practices. They are:
The Consumer Financial Protection Bureau, which ensures financial institutions like banks and credit unions treat you fairly
The Federal Trade Commission, which has no jurisdiction over banks or credit unions directly but has authority over companies that may hold your funds in banks, such as mortgage companies and mortgage brokers, and those who may try to get money from your bank account, such as creditors and debt collectors
The Department of Justice, which doesn’t directly enforce laws or oversee any institution but is ultimately responsible for the proper enforcement of those laws and may take banks or credit unions to court on behalf of wronged customers
Bank Stability & Financial Health
Banks don’t hold all your deposits in their vaults. Instead, banks invest the money, ideally in high-yield accounts so they can profit from your deposits while offering you and other customers adequate savings returns.
However, when Signature Valley Bank failed, it had sold off government bonds and taken a $2 billion loss. That’s on top of being overextended in risky tech ventures. Tech investors like Peter Thiel began advising companies to pull their money from SVB as protection, causing a bank run.
That should have been OK — or at least better than it was. At all times, banks should have enough capital to accommodate a certain number of withdrawals. When it failed, SVB did not.
In addition to not being able to field withdrawals, it was the largest of several banks to fail in close succession, sparking fears of a financial domino effect. Then, they announced their intention to raise capital to cover the bonds they just sold off, making matters far worse. It’s a Depression-era-worthy cautionary tale.
But it’s not like there weren’t warning signs. Fortunately, there are several things you can do to evaluate your bank’s safety.
Cybersecurity
We all know that these days, you have to keep your personal information safe — and that every business that has it is one more point of potential compromise.
Banks have more than just your bank account numbers and PINs. They also have information like your Social Security number, contact information (physical and email addresses, phone numbers), and date of birth. If you use online banking to pay bills or have a credit card through the bank, they even have your account numbers for those.
That much information being compromised is a terrifying proposition. Fortunately, there are loads of laws and regulations aimed at protecting that information and your identity in general. To find out if your bank is doing everything it can, compare their cybersecurity methods to the latest available and industry-standard protections.
Those change over time, so if it’s all a little above your head, ask to speak with your bank’s information security officer or a team member. They should be able to answer your questions. You can also look to industry blogs to find out what articles information security officers are reading. For example, RedTeam Security has some handy questions banks should be asking themselves.
Is My Bank Deposit Safe?
Consider a bank or credit union’s reputation, ratings and financial stability. If you choose a bank the government considers too big to fail, you can be assured the U.S. government will do everything in its power to keep the bank up and running. Don’t make assumptions about what size gets a bank on the list. When it failed, SVB was one of the largest banks in the U.S.
However, big banks often have high fees and low interest rates on savings. You may want to choose a smaller bank or credit union instead. That’s when it’s critical to do your research and evaluate the safety of your deposit.
Most banks and credit unions must follow specific standards stipulated by the Federal Reserve and FDIC or NCUA, for capital requirements and liquidity.
Check their financial statements to see if they’re involved in anything too risky or have too many spoons in the same pot. For example, SVB wasn’t terribly diversified. They had a lot of investments in tech. In fact, they were known for it. To make matters worse, those investments were too risky — way riskier than would have been allowed under Glass-Steagall, for example.
You can also use financial ratios to measure a bank’s financial stability. The key figure to judge a bank’s stability, the capital adequacy ratio, looks at the bank’s ability to cover liabilities and respond to credit or operational risks.
Look for a capital adequacy ratio of 8% to 12% (though that number changes over time). Regulators conduct stress tests for capital adequacy and market liquidity and have the authority to shut down financial institutions that don’t meet requirements.
The provision coverage ratio shows the bank’s ability to service its debt. You’re looking for a 70% or higher ratio here.
These numbers are important because they show the liquid assets a bank has available. One reason SVB failed is because it didn’t have enough assets to cover withdrawals.
You can also check a bank’s Standard & Poor’s credit rating, which runs from AAA to D. Avoid any financial institutions with a rating lower than BBB, and lean toward those with an A rating or higher.
Final Word
When you’re choosing a bank or credit union for your hard-earned money, you want to be sure your cash is safe, first and foremost. Once you find a financial institution that provides that peace of mind through its reputation, financial rating, and deposit insurance, you can consider other factors, such as interest rates, fees, and customer service.
In addition to deposit insurance, ensure the bank you choose also has fraud protection insurance. If cybercriminals hack into your account and steal your money, deposit insurance doesn’t cover those funds.
Read bank and credit union reviews to find an account that checks all your boxes for deposit safety, fraud protection and insurance, low fees, and good customer service.
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Dawn Allcot is a freelance writer and content marketing specialist who geeks out about finance, technology, and travel. Her lengthy list of publishing credits include TheStreet, Chase Bank, Forbes, and MSN. She is the founder and owner of Allcot Media Marketing and GeekTravelGuide, where she shares her love for roller coasters, family travel, healthy living and keto foods.