Why Cash Isn’t Always the Answer

During uncertain times, don't forget the security keeping your money at BluCurrent provides. It’s important to remember that cash stored under your mattress or in your wallet is often less secure than keeping it with trusted financial institutions. Now is also a great time to take advantage of the conveniences that come with using a debit or credit card.

Here are three reasons cash isn’t always the best answer:

Your money is safe with us. BluCurrent deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government. According to NCUA, “Not one penny of insured savings has ever been lost by a member of a federally insured credit union.” Learn more about how your savings are insured.

Using your credit or debit card has perks over using cash. A few of those perks include:

• The Ability to earn rewards on Credit Cards
• The freedom to shop online. 
• The ability to shut your card off if it is lost or stolen. Remember, cash likely cannot be replaced if lost or stolen.
• Easily track your purchases through Online & Mobile Banking.

Cards are easy to clean. In addition to security reasons, another plus is that you keep your card with you at all times. Using your personal debit or credit card ensures you are in control of what it touches.

We do want to assure you, we do everything we can to keep cash and other items as clean as possible in all facilities, especially those members utilize.

Next time you consider withdrawing cash from your account, keep these few important things in mind.