Are You Prepared for Hurricane Season?
Hurricane season officially started on June 1. While many people along the Gulf Coast know to stock up on necessities like water, canned goods and batteries, the process of preparing your finances tends to get overlooked.
Financial preparedness is critical to resuming daily life following a storm. Here are some steps you can take to help you maintain your financial stability in the event of a disaster.
1. Organize important documents — Gather necessary documents and records like household identification, medical information, household contacts, and financial and legal documentation. For useful guidance and checklists, review the Emergency Financial First Aid Kit (EFFAK) provided by FEMA. Having these documents handy will be essential to resume life after a hurricane.
2. Securely store documents — Place a copy of your important documents and records in a locked, waterproof, and fireproof container. This way you have everything in one place if you need to evacuate. Be sure to include some cash in your storage box, since ATMs are often out-of-order if the electricity is out. You will also want to make copies of this valuable information and store in a secure location outside of your home.
3. Enroll in Online & Mobile Banking — Our digital tools can help you monitor your accounts, pay bills, transfer funds, and much more from the convenience of your mobile phone, tablet or computer. These tools will be invaluable if you have to evacuate or roads are closed. Enroll in Online and Mobile Banking.
4. Set-up direct deposit — Continue receiving your paycheck or Social Security payment in a timely manner, even if mail service is stopped or you have to relocate. Complete this form and provide to your employer or Social Security office to set-up a direct deposit.
We all have the ability to be financially prepared for a hurricane. Plan for your financial life as you prepare for a hurricane and stock up on essentials. This will alleviate stress and help you get your life back in order after a tropical storm or hurricane strikes.