Central Bank

💸 Business owners/leaders -- read these quick tips for better cash flow, which is crucial for the sustainability and growth of any business. For more support, contact your Central Bank business partner. 1️⃣ Monitor regularly: Keep close tabs on your cash flow by regularly reviewing bank statements and financial reports. 2️⃣ Improve receivables: Streamline invoicing and follow up promptly on payments to ensure that cash inflows occur on time. 3️⃣ Manage payables: Plan your payment schedules effectively to maintain good relationships with suppliers while keeping cash in your business longer. 4️⃣ Leverage technology: Use Central Bank's digital tools and banking solutions to automate and manage your cash flow more effectively. 5️⃣ Consider treasury management services: Central Bank's treasury management services can help to optimize your cash handling, enhance liquidity, and reduce operational costs. These services can provide customized solutions for managing payables, receivables, and day-to-day cash flow more efficiently. Learn more at mycentral.bank. #business #cashflow #treasurymanagement #mycentralbank

Home ownership can feel out of reach for many people. That's why Central Bank partners with community organizations -- including Invest DSM -- that work to increase homeownership and strengthen communities. Through our support of their programs, we're helping to make home ownership a reality in the communities we serve. #homeownership #givingback #affordablehousing #mycentralbank

🌎 Happy Earth Day! Here's an easy way to cut down on the amount of paper you receive from us: switch to online statements. Just log in to online banking at https://zurl.co/wrq7 click profile, and modify your statement preferences. #earthday #gopaperless #mycentralbank https://lnkd.in/gu2s2wKA

📣 NEW online and mobile banking … coming this summer! We’re upgrading personal online and mobile banking to bring you the most advanced digital banking tools! What’s new? ▪ Financial Dashboard – View a snapshot of financial data from various institutions. ▪ Budgeting Tools – Better understand your spending habits and improve your finances. ▪ Credit Score Monitoring – Monitor your credit score from online and mobile banking. To learn more, visit https://lnkd.in/gu3V_CqB. #digitalbanking #mycentralbank #makeithappen

📅 Today is tax day! Hopefully you're finished with this year's filings -- but as you look ahead to next year, these simple tips will help you prepare for (and possibly even reduce!) your 2024 taxes. 1️⃣ Boost retirement savings: Lower your taxable income by increasing contributions to your 401(k) or IRA (up to the IRS maximum). It’s great for your future and may help to reduce your current tax bill. 2️⃣ Check your withholdings: Make sure you're not underpaying or overpaying taxes by using the IRS tax withholding estimator. Adjust your W-4 with your employer as needed. 3️⃣ Consider a health savings account (HSA): If you're eligible for an HSA, use it to cover medical expenses while also reducing your taxable income. Unused funds roll over, so it’s a great investment in your health and finances! 4️⃣ Document deductible expenses: Keep detailed records of potential deductions like charitable donations and home office expenses. Staying organized can be a big help at tax time. For more financial insights and tools, visit us at mycentral.bank #taxday #taxes #mycentralbank

If you think buying a home is out of reach, you may be pleasantly surprised! Central Bank offers a *lot* of home loan options -- and we can help you determine which one is right for you. https://lnkd.in/gWnSkZfW #mortgage #homebuying #homeloan #mycentralbank

Don't forget -- there's still time to make an IRA contribution for 2023! Make the contribution by April 15, 2024, and specify that it's a 2023 contribution. For 2023, you can contribute up to $6,500 (or up to $7,500 if you're 50 or older) in total to a traditional and/or Roth IRA. To open a new IRA, just contact your local Central Bank branch! #Retirement #IRA #MyCentralBank

This week, our incredible team at Central Bank came together to make a difference in the Siouxland community! We're thrilled to share that we were able to pack 700 BackPack sacks, each filled with nutritious meals, to support Siouxland children facing food insecurity over the weekend. With every sack packed, we're ensuring that children in our area have access to essential meals when they need them most. 💪 🍎 A huge thank you to our amazing volunteers for their hard work and dedication in supporting the Food for Kids initiative time and time again. Together we Make It Happen. 💚 #MakeItHappen #SiouxlandProud #MyCentralBank

April is National Financial Literacy Month. To kick it off, here are four top tips for financial freedom. Remember, if you need help with your financial plans, your local Central Bank branch can help! #financialliteracy #mycentralbank

It may be April Fool's Day, but financial fraud is no joke! Learn how to keep your information protected from #identitytheft, #phishing, #pharming, and other security threats -- so you can prevent thieves from making a fool out of YOU. See these tips below, and learn more at https://lnkd.in/gSWwC3SM - Use strong passwords: Use complex and unique passwords for each of your financial accounts. - Enable multi-factor authentication: Whenever available, enable multi-factor authentication on your financial accounts. This adds an extra layer of security by requiring a second form of verification. - Monitor account activity: Regularly check your bank and credit card statements for unauthorized transactions. - Secure your devices: Ensure that your computer, smartphone, and tablet have the latest security updates and antivirus software. - Beware of phishing scams: Be cautious of unsolicited emails or messages asking for personal or financial information. Always verify the authenticity of requests by contacting the institution directly through official channels. - Report losses immediately: If you suspect any fraudulent activity on your account or if your credit/debit card is lost or stolen, report it to the financial institution immediately to limit any potential loss. #cybersecurity #fraudprevention #datasecurity #mycentralbank