The role of cash & ATMs in emergencies
In times of crisis, cash is a valuable, and even life-saving, resource. The American Red Cross lists extra cash – small bills and change – among the basic supplies needed in your emergency survival kit. This underscores the critical role that physical currency plays during emergencies. But how does cash help?
The importance of cash in emergencies
There are countless reasons to keep an emergency fund, both for personal reasons and for your business. In regions that experience seasonal natural disasters, having a stash of cash can be critical to guarantee the ability to obtain necessities until life is back on track. Interest-accruing credit cards or debit cards do not work if the electricity or internet is out. To pay regular and even unexpected expenses the best plan is to keep cash on hand.
Security aspects of cash in emergencies
While electronic payment methods are convenient, cash offers unique benefits during emergencies: