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2,162 results found
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Here’s How Working After 62 Can Change Your Social Security Benefits
Continuing to work after age 62 can affect your level of Social Security retirement benefits, whether you are receiving benefits at the time or not.
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What Key Measures Enhance Cybersecurity for Small Businesses?
Keeping your small business safe online can feel overwhelming. IT experts share eight essential strategies for protecting your business
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What is a pre-authorization hold on my debit card?
When you pay with your debit card, you may have a “pre-authorization hold” added to your account before the actual charge goes through. Businesses do this to make sure you have the funds available to cover the purchase, especially when the total amount is unknown at the time you use your card.
For example, when you swipe your card before pumping gas, a pre-authorization hold is put on your account for an amount that’s probably going to be higher than what you’ll actually spend. When you reserve a hotel room, a hold is placed on the account for the cost of the room, plus a little more in case you have additional services during your stay. When you pay for your meal at a restaurant, a hold may be placed for the cost of the meal plus extra for the possible tip. Once the actual amount is known, that number becomes the charge. And once the charge clears your account (typically during the bank’s evening processing), the pre-authorization hold is released.
Pre-authorization holds often can be considerably higher than what you will actually pay, and may stay on your account for a while (days, in some situations) so be sure you are prepared for this amount to be “on hold” in your account in the interim. Remember, you won’t have access to the excess funds until after the actual charge clears and the pre-authorization is released.
Example: Joe visits a gas station and swipes his debit card before pumping his gas. The business doesn’t know how much gas Joe will pump, but it assumes the charge will be $50 or under. They place a pre-authorization hold on Joe’s card for $50 to ensure the funds are available. Joe pumps $20 worth of gas. That means there now is an extra $30 on hold in Joe’s account, and he will not have access to that money until the $20 charge clears and the $50 pre-authorization hold is released.
If you have questions, call Client Care at 1-800-731-2265.
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How To Qualify For Paid Sick Leave If Schools Close
Yes, you may be able to get unemployment benefits and paid sick leave if schools close. Here’s what you need to know. Paid Sick LeaveHow will you manage working and taking care of your child in the Covid-19 era? Many parents will face this dilemma, as some schools will be remote-only or a hybrid model, which includes b
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PPP is gone, but government help for small businesses isn't
The federal government’s Paycheck Protection Program provided small-business owners with just under $800 billion in COVID-19 relief, according to the
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3 Tips for Investing in Your 50s
The years in your 50s are pivotal ages on the road to retirement. At this stage of life, you may be making plans for how you'll spend your senior years and when you'll close out your career. You might also be grappling with college tuition payments for your children or other expenses that eat up a lot of your income. T
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Remote work is here to stay. Are you ready to embrace the shift?
Nearly two years into the pandemic, remote flexibility is more than a preference for many workers — it’s a central concern for them as they plan their
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Your Guide to the Startup Costs Deduction
Starting a new business can come with numerous organizational expenses that can add up quickly. Fortunately, the IRS offers a deduction for startup
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What to Look For in a Business Banking Account
If you’ve recently started a small business, welcome to the club! It’s a club that’s gotten a lot bigger recently: A record 5.4 million new business
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5 creative ways to innovate your business in 2020
Employees are the core of every business, but who says you cannot use cutting-edge technologies to boost their productivity? After all, we live in the 21st century and there's no need to do everything manually with so many apps, tools, and plugins at your disposal. Numerous studies prove this point, but we will highlig