Banking Tips for Traveling

Couple Sitting on Sailboat

At Cornhusker Bank, we want all of our clients to enjoy their vacation and not worry about financials while you’re having fun, whether you’re travelling across the globe or just a few states away. Here are some travel tips that may help benefit you before you take your next vacation.

Alert Your Bank Before You Leave

It’s simple; just let us know when and where you’ll be travelling before you leave for your trip. That way, we can ensure your accounts are safe and we can monitor and alert you if any odd transactions take place.

Cornhusker Bank takes fraud and identity theft very seriously so it is important to call prior to your trip. Otherwise, you may run the risk of your cards being flagged while traveling and no one wants that! You could also enroll in our Fraud & Identity Theft protection plans before your travels as another safety measure to keep your accounts secure.

Mobile Banking

Use the Cornhusker Bank mobile banking app while you travel to stay up to date with your accounts, wherever you are. From a mobile device, you can pay bills, view your latest transactions, check account balances and transfer funds between accounts.

You don’t want to be on the road or in a foreign country and notice you are about to overdraft or that you forgot about a payment. By using the mobile app while travelling, you can quickly move funds between accounts, pay that bill you forgot about and keep track of how much you’re spending on your trip.

Enroll in Bill Pay

When you’re travelling, the last thing you want to think about is missing a bill payment. Before you leave, set up bill pay to make it easier. Cornhusker Bank Bill Pay is available 24/7 and with it you can: schedule a one-time payment for while you’re gone, or keep it recurring, set up helpful reminders to let you know when your payment is due and review pending payments. Set all your bills up before your vacation and you won’t need to worry about it!

Travel Credit Cards

If travel is a passion of yours or part of your work, and you’re travelling frequently, consider investing in a travel rewards credit card.

Teaching Your Kids about Finances

Every parent wants what is best for their kids. What better way to ensure your children’s future success than instilling proper money management? Teaching your children about finances is one of the best ways to set your kids up for success. Many of us had no idea how to manage our money when we moved out or went to college, because schools don’t teach us that, but you can be sure that your kids don’t go through what you did by starting young, and starting simply. Teaching kids about money doesn’t have to be some lesson you drone at them that will go in one ear and out the other, instead, have fun with it! Participate with your children and show them that properly managing money doesn’t have to boring.

One of the best lessons you can teach your kids is, “sometimes you have to wait for what you want.” While this seems like a no brainer, it is an important lesson to teach your kids early on. While this principle can be applied to many instances in life, perhaps one of its most important applications is when it comes to finances.

One thing to keep in mind is that little eyes are always watching you, and as a parent you know all too well that kids hear and see everything. This means that you have to be setting a good example for them to look up to. So here are a couple ideas for instilling good money habits.

Keep a piggy bank

While this is one of the most basic money lessons for children, there is a twist. Instead of using a typical piggy bank, use a clear glass jar. This will allow your children to watch their savings grow and get excited, it also demystifies saving money from being unseen, to right up front while knowing how much you are saving.

You can also take the piggy bank one step further. Instead of just one saving jar, use three jars labeled “Spending”, “Saving”, and “Sharing”. The idea is simple, whenever your child gets money, split is equally between the three jars. The spending jar should be used for small purchases like candy or small treats. The sharing jar should go to a charity or donated to something of your child’s choice. Savings should be used towards a goal of your child’s choice.

One thing to keep in mind when your child is saving is to make sure whatever they want is not too pricey. If your child is saving up for too long they can become disheartened, make sure whatever they want can be obtained in a few months.

For more information on teaching money smarts to your children, visit our Youth Banking page to set up a savings account, or to get a Moonjar Moneybox.

Equifax Announces Cybersecurity Incident Involving Consumer Information

Due to the recent announcement from Equifax regarding a “cybersecurity incident potentially impacting approximately 143 million US customers” we want to share the following information from Equifax.

“Equifax has established a dedicated website, http://go.factualdata.com/e/213…/2017-09-08/571xtb/332299567, to help consumers determine if their information has been potentially impacted.”