When considering your sourcing options, you may find yourself trying to balance your hiring and outsourcing choices. Each one has its benefits and disadvantages depending on your business needs and requirements. But the question remains: Which is the best option for you? Let’s take a look at whether you should hire new staff members or…
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Life insurance is not always the most comfortable subject to discuss. But just like home and auto insurance, life insurance is essential to you and your family’s financial security.
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Getting in a car accident is always unexpected, and of course, always stressful. Luckily, reporting a car insurance claim to your agency is easier than ever. Here’s everything you’ll need to file your claim if you get into an accident. Police report Insurance agents at Bank Midwest recommend calling the police if you’re in a…
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Tax season also means scam season. Thousands of people have lost millions of dollars and personal data to tax-related scams. New variations of scams appear every year. Remain alert and follow these tax scam tips provided by the IRS.
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A profit and loss statement is a necessary summary of business operations and it is important to understand it from creation to completion. The P&L along with other financial documents are useful when requesting financing.
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When you’re taking your dream vacation, you don’t want to have to worry about theft or fraud. Follow these four tips to protect your money and spend safely while you’re traveling.
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For safe online banking, your security decisions will protect your accounts from hacking and fraud. Follow these five quick tips to bank safely from your computer or mobile device.
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A company’s financial stability relies on effective and efficient cash management and the overall, long-term success of a business is heavily dependent on these kinds of financial services. Not every solution will be the same so talk to your business banker to learn what will work the best for your business’s long-term goals.
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You can’t predict if or when someone might attempt to steal your possessions, but you can anticipate it with insurance for your valuable property.
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When it comes to building a budget, there’s no one-size-fits-all approach. But there are lots of strategies that will help you keep track of your money, spend it wisely, and save more. Here are three budgets that will help you build your dream life by putting your savings first.
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You may find that your credit score, no matter your age, is not where you’d like it to be. Your credit score is important, and there are many ways you can increase it over the course of a few months.
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What is a Health Savings Account or HSA? HSAs are tax-free investment accounts designed to help people pay for future medical costs, like deductibles and co-pays. It goes hand-in-hand with your health insurance coverage and functions like a checking account to pay for your health-related expenses.
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The new year is an opportunity to reset and build momentum for your financial goals. Here are Bank Midwest’s top tips and resources to ensure you’re on track to meet your life goals this year.
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While the pandemic has redefined vacation, most of us can agree it has not diminished the desire and importance of “getting away.” Our quarantine social distance experiences have taught us some lessons and offer some new rules for the road.
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You may have been using digital payment methods without even thinking about it, as they have become so common in our society. At its core, a digital payment is a transaction or financial transfer that takes place without the use of physical cash.
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Businesses are pursuing all sorts of digital transformation these days. Yet, despite the shift online, paper checks still represent a common payment form that businesses regularly engage with. However, that doesn’t mean these companies can’t use technology to make the check deposit process more efficient and painless. All types of businesses are taking advantage of…
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Bank Midwest has been the target of a type of fraud attempt called whaling that is growing in popularity. Instead of going after small fish (individuals), attackers are beginning to target bigger ones like organizations. All companies, even small ones, must remain alert for this growing type of attack since there currently isn’t any type…
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One way business owners can make their financial lives simpler is by opening a sweep account. These accounts can streamline many cash management workflows — and, best of all, they can put money to work by earning interest or giving your company some other advantage.
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Checking accounts may have more benefits than you think. Learn about the different types of checking accounts and the benefits of using them.
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Running a business is a fiscal balancing act. Sustainable business practices can reduce overhead while serving as an example in the community and attracting talent.
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