March 20, 2020 | Money Management, New: COVID-19

How to Safely Manage Your Money During the Coronavirus Pandemic

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How to Safely Manage Your Money During the Coronavirus Pandemic


Mar 18 2020, 09:02pm

If you’ve been following the guidelines set by the CDC to help prevent the spread of the coronavirus, you’re careful to avoid touching your face and to wash your hands frequently and thoroughly with soap and water for at least 20 seconds. But did you know that the cash in your wallet is carrying thousands of germs and other microorganisms? Debit cards aren’t much better, and usually carry their own armies of germs and microorganisms.

As the coronavirus continues to spread, it’s best to stick to these guidelines for hygienic money management:

  • Bank online and with your mobile device. Check the balance in your accounts, transfer funds, deposit checks, and more.
  • Disinfect and clean debit cards. They can pick up germs from every surface they contact and should be cleaned and sanitized often.
  • Minimize the use of cash. Cash can carry a tremendous amount of germs since it changes hands very often.
  • Wash your hands with soap and water for a minimum of 20 seconds after touching cash, or a debit or credit card.
  • Wash your hands before and after touching a payment terminal or an ATM.


Centers for Disease Control and Prevention (CDC)

World Health Organization


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