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Here we are again! The holiday season is upon us, and for most of us that means family, food, and shopping! And quite a lot of it. It seems that each year those Black Friday special deals are promoted earlier and earlier, so much so that you can’t even keep track of when to get what.
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Establishing and building credit are very important parts of one’s financial well-being. A solid credit history, among other things, is an important factor that is usually considered when a consumer is applying to borrow money. Credit scores and your credit history can impact your ability to borrow money in a number of ways, including when buying a car, opening a line of credit, buying a home, and so on. What exactly impacts your credit? According to credit bureau Experian, there are 5 key factors to consider:
We have all heard it many times - to make money, you need to spend money. Like many small businesses, you might be finding yourself at the point where you find it necessary to borrow to continue to grow. Are you looking to purchase new equipment to increase inventory? Are you in need of a new or bigger commercial vehicle? When it comes to growth or borrowing funds, one of they key components to making it a beneficial business decision is timing.
About a week ago, I had the opportunity to help our Human Resource Department at a local college career fair for students. With the original expectation that conversations would be geared around salary ranges, scheduling, or benefits, I was quite surprised to find out that they were actually more often centered around students being “just curious” because they were not sure what they wanted to do upon graduation, or asking me “Well, why do you like to work at Rhinebeck Bank?” It was at that point I recalled talking to Rhinebeck Bank at the start of my own career, also being introduced at a college fair and thinking the very same thing - younger adults do not know exactly what they want.
Having Merchant Services allows your business to accept customer debit and credit card payments (including Visa®, MasterCard®, American Express®, etc) at point of sale transactions. With debit and credit cards being a major spending preference among customers today, there are several benefits to consider:
When it comes to how people prefer to use, or not use, the latest banking technology, there are well-worn stereotypes out there based on your age and what generation label comes with that age. For example, seniors (i.e.: the “Greatest Generation” - born in the early 20th Century) avoid technology and prefers going to their local bank branch to conduct transactions or for advice. Baby Boomers are willing to try technology, but still prefer to use branches when possible. Generation X is rather tech-savvy – they enjoy the convenience of online banking, for example. Millennials and “Gen Z”, who were born into a world of instant access and on-the-go information (courtesy of smartphones), prefer banks that have a robust mobile app over having to conduct business via a bank branch.
The internet can be a great asset, but can also leave you vulnerable to identify theft, fraud, and other scams. It is important to always be aware of the ways to be safe and secure online, and we have five quick, easy tips that are essential to follow and can make all the difference!
Cooler weather, beautiful changing leaves, and hiking season at its peak makes fall a perfect time to be in the Hudson Valley. This is also one of the best times to purchase a new home! Rhinebeck Bank has the Best Reasons to buy your home this season.
Almost everyone I know enjoys a delicious chicken cutlet, some pasta with meatballs and fried dough. What do all of these items have in common? They will be featured at First Friday Poughkeepsie’s San Gennaro event at Dongan Square Park on October 5th.
What’s your spending preference, cash or debit card? There are positives to using both:
With a debit card, there is the convenience of having transaction records that are tied to your checking account. Your bank can provide these to you through electronic statements (estatements) paper statements, or online banking. (Find information on our services here: online banking). You can always make mental notes who and where you pay with cash or maintain your own transaction records, but your bank will only have record of your initial cash withdrawal. For those who like to have electronic history of their purchases without the hassle of balancing a checkbook, debit cards can be the way to go. It’s also worth noting that debit cards are essential for online purchases, such as booking a flight or hotel reservation. Furthermore, debit cards give spenders the purchasing ability without carrying around cash or change, which can be bulky in a wallet. Some spenders prefer to never visit the ATM and use their debit card for nearly all purchases.
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