Election holidays looming? Avoid cash crunch: build emergency fund, keep extra cash, locate ATMs, pay bills online, use bKash with 10,000 taka daily limit
How can you prepare for a sudden need for money during the long election holidays?
- Create an emergency fund before the holiday begins.
- Keep extra cash at home to handle unexpected needs.
- Locate nearby ATMs ahead of time so you know where to go.
- Pay your bills online for services like electricity or internet to save your cash.
- Plan a budget to avoid spending money on things you do not need.
What are the rules and ways to send or manage money while banks are closed?
- Use mobile banking apps like bKash, Nagad, or Rocket to move money.
- Follow the new limits for the election period.
- You can only send 1,000 taka at one time.
- The daily limit for sending money is 10,000 taka.
- Check multiple ATMs if one is out of cash during the break.
- Use credit cards to buy goods or services if you run out of paper money.
- Use digital payment options for shopping to keep your cash for emergencies.
Source: Prothom Alo