Understanding cash during the COVID-19 outbreak

By April 9, 2020Knowledge Center
understanding cash graphic
understanding cash graphic

You might think holding on to large amounts of cash during the COVID-19 is a good idea. Here’s why you might want to think again:

Cash is vulnerable.

You bank funds are federally insured to $250,000. Your mattress and pockets aren’t.

Cash is not required.

With so many secure ways to access your accounts, pay bills, and shop, there’s almost no reason you’ll need extra cash.

Cash makes you a potential victim.

Tell anyone that you took out a large sum of money? They may have told someone else. Keep your money in a bank where it’s safe.

Cash doesn’t have your ID.

Stolen cash, even if recovered, doesn’t carry an ID number that links it to you. Even if someone steals your credit cards, you can recover the money!

Cash is DIRTY!

The Center for Disease Control and Prevention recommends always washing your hands after handling cash. You don’t know where it’s been! Don’t take chances on your health during this pandemic.

Cash is available.

The U.S. Treasurer has determined that banks are an essential service. You will have access to your money when you need it. We’re here for like we have been since 1889!

More Questions?

Give us a call at (254) 840-2836, or stop by the drive-thru at any one of our four locations in McGregor and Waco. You can always connect with us online at tfnbtx.com.