Have you heard the news? There’s a new way to pay! We’re rolling out a new option for you to add to your financial arsenal: the Community Bank of the Chesapeake Reloadable Card.
An alternative to a credit or debit card, reloadable cards have risen in popularity in recent years—1 in 6 people in “Generation Y” use them. And for the nearly 70 million Americans that don’t use checking accounts, a reloadable card is a secure, easy way to manage funds including weekly paychecks, which can be directly deposited into the reloadable card account.
Already have a checking account? That’s okay—the card is for you, too! Reloadable cards can be used as a supplement to a Checkcard and can be a big help when it comes to budgeting. Use the card to set aside money for your holiday shopping, for miscellaneous expenses during the month or for a special event like a wedding or big trip.
The reloadable card works as a “checkless checking account”. You can direct deposit paychecks, shop and pay bills online, get cash at ATMs and use the card virtually anywhere. It’s an alternative to carrying cash and you’ll never have to worry about overdraft fees. It’s also a safer option than cash or a Checkcard; reloadable cards are PIN protected and are not linked directly to your checking account, so in the event that the card is lost or stolen, your other finances will stay safe.
In addition to peace of mind, the card offers text message alerts that allow you to manage your money on the go, and online access so you can instantly load funds whenever you need them.
Want to learn more? Stop into any of our convenient branch locations for more information or to purchase your reloadable card today!
They are the generation that came of age in a time of economic uncertainty: young adults, between ages 18 and 25, dubbed “millennials” by the media.
For them, student loan debt, underemployment, the rising cost of living and the never-ending pressure of consumer culture have shaped their financial experience thus far and will likely have a far-reaching impact on their financial futures. And while information is more accessible than ever before, studies are mixed on just how much of it millennials are digesting when it comes to financial literacy.
Over the next 12 weeks, the Community Bank blog will take a look at financial issues facing today’s young people, from establishing credit to buying a first car. We’ll provide some tips and strategies for saving, investing and planning for the financial future. Whether you’re starting your first 401k or just saving your pennies for a rainy day, we’ll help improve your financial-know how!
What’s your financial IQ? According to a recent FINRA study, only 24% of millennials were able to answer four or five questions correctly on this Financial Literacy Quiz. See how you measure up!
Ever wondered what it would be like to spend a day in the 17th century? Visitors to Historic St. Mary’s City have the opportunity to do just that! Located on the St. Mary’s Peninsula, Historic St. Mary’s City brings the early colonial experience to life day in and day out. With a number of interactive historical sites staffed by costumed interpreters, visitors to the museum learn the stories of the earliest settlers of Maryland’s first capital. This week’s Friday Focus takes an inside look at the museum with help from Executive Director Regina Faden. Continue reading
It’s quickly becoming one of the most popular ways for consumers to shop for goods and services. It doesn’t require you to purchase gas, wait in long lines, or even comb your hair. And thanks to advances in technology, you can now do it right from your phone. It’s online shopping. And while it’s definitely the easiest, most convenient way to shop, it does present some risks. Here are some tips on how to protect yourself: Continue reading