What Is The Banking At Daytona Speedway? [Answered!]

You think you know everything about NASCAR – the beautiful wives and awesomely unique cars – but did you know that there’s actually a lot more to it than meets the eye?

You may be wondering what the banking is at Daytona Speedway, and whether or not it’s worth going over with your team.

Let’s take a closer look.

Types Of Banking

When you walk into a bank, you’ll usually find two things: money and tellers. The first is cash, while the second is transactions. In between the two are various forms of payment, such as credit cards, and your checking and savings account.

At NASCAR races, there are actually three types of banking. While the first two are generally accessible to fans, the third is more exclusive.

Exclusive Banking

Exclusive banking is, in other words, just what it sounds like: banking that is exclusive to certain individuals or entities. You may find it at many different racetracks, but especially at high-profile events like NASCAR. In these cases, you’ll generally find one or more tellers stationed on site at all times, as well as plenty of security personnel keeping an eye out for trouble. Depending on the size and nature of the event, you may also find metal detectors checking guests’ pockets for weapons as they enter the venue.

While this may sound like unnecessary security, it’s actually a crucial part of ensuring the safety of those involved. Telling someone they can’t have something because it’s “exclusive” gives the individual or entity a sense of ownership, and can lead to a dangerous level of animosity if you don’t comply.

Transaction Banking

When someone wants to make a withdrawal or an investment, they will go to a teller to execute their transaction. In stock market terms, this would be referred to as “trading financial instruments.” So in other words, this is when you go to a bank to buy or sell stocks, bonds, or other types of investment vehicles.

Since these are financial instruments, you’ll want to ensure that you are fully aware of the risks before getting started. One of the biggest risks, in fact, is theft. When someone is doing transactions at a bank, there is always the possibility that their account could be compromised. To reduce this risk, all transactions should be reported to the police within 48 hours.

CASH AND CARDS

Nowadays, when people go to a bank they expect to find cash in their hands. While physically seeing the green is always nice, there are other methods you can use to get your hands on some cash. Here are a few of the most popular.

Debit Card

If you have a debit card, you can use it to make daily purchases with your card. When you make a purchase with a debit card, your bank instantly credits your account with the appropriate amount. These types of cards, also called “checking cards,” are widely available and can be used at any bank or retailer that accepts them. You’ll find them handy at supermarkets, gas stations, and convenience stores, as well as at racetracks. Checking cards can also be used to pay for some types of exclusive banking.

ATM Card

If you have an ATM card, you can use it to withdraw cash from an automated teller machine (ATM). When you use your ATM card at an ATM, the money is immediately credited to your account. This is another way to gain access to cash without going to a bank – you can find ATMs at most grocery stores, convenience stores, and bars, among others.

Checking Account

A checking account, as the name suggests, is used to check the balance of your account and make sure you have enough money to cover your upcoming monthly expenses. These types of accounts are widely accepted at most banks, and they offer a safe and secure way to keep your money. You can put funds into a checking account very easily and, thanks to online bill pay, even do some budgeting from the convenience of your home. While a checking account is the most popular type of account at most banks, you can also apply for a savings account if you want to keep a larger portion of your money.

Certificate Of Deposit

A certificate of deposit (CD) is, in essence, a safe and easy way to store your money. You can purchase a CD, which acts as a traditional bank account, and leave it anywhere – your car, your house, your office. When you want to access your money, all you have to do is call the bank and ask for a payment to be made to your wallet. You can find CDs at most banks and credit unions, as well as online brokerages like Charles Schwab and TD Ameritrade. CDs are a great tool for individuals who want to keep their money in a secure place that they can easily access. Since they are not in use for transactions, you won’t need to worry about restrictions when using them.

Protecting Your Money

No matter where you keep your money, whether it’s in a bank or in the hands of a scammer, you still need to take steps to protect it. There are a variety of ways you can do this – from using a credit card to monitoring your accounts online to setting up automatic payments. As a general rule, you should never give out your personal information to anyone, so be wary of anyone who tries to get your bank account number or social security number. You can contact the Better Business Bureau for assistance if you want to report a scam.

Do NOT follow this link or you will be banned from the site!