There has been a lot of information made available this week on the spread of COVID-19 but we wanted to provide a quick overview of how you can adapt your personal financial management during this crisis. We’ve listed our top 5 tips to handle your finances right now.
Tip 1: Try to limit your use of cash.
Because cash passes through so many hands, it is notoriously dirty. If you need to pay a business or person that doesn’t accept cards, you can transfer money easily through MHV’s Popmoney found within MHV’s Mobile App or Online Banking or other services like PayPal and Venmo.
Tip 2: Use our Personal Tellers.
The Center for Disease Control and Prevention (CDC) has been clear about the importance of social distancing. Our Personal Tellers can handle all of the most common banking transactions, including deposits, withdrawals, check cashing, transfers, and loan payments, without visiting an in-person teller. We’re routinely cleaning our Personal Teller machines as per guidance from the CDC and have wipes available for your use. If you’re not familiar with our Personal Tellers, watch this video for a quick overview.
Tip 3: Tap into Online Banking and the MHV Mobile App.
Whether you’re checking your account balance, transferring funds, or paying bills, you can limit your person-to-person contact by using Online Banking and the MHV Mobile App. You can even use the Mobile App to cash checks with Remote Check Deposit. Click here to learn more.
Tip 4: Set up auto payments and transfers.
Using Online Banking you can set up automatic bill payments for your utilities, credit card, insurance, and other recurring bills from your MHV Checking Account. If you’d like to establish Autopay on your MHV Auto or Personal Loan, please contact us at 845.336.4444 as you may qualify for a discounted interest rate.
Tip 5: Set up your Mobile Wallet.
With Mobile Wallet, you don’t need to use your physical credit or debit card at most major retailers. Instead, you simply hold your phone over the card reader to pay for your purchase, limiting your contact with other surfaces. Learn about Mobile Wallet here.
We know this situation is ever-changing and unnerving, but we are committed to you and our communities and will continue to consult with guidance from the CDC and local health organizations. Operational changes will be provided via email and posted to our website. Please contact us at 845.336.4444 if you have any questions.