Money Sense with Sheandra

No bank account? Don't let that stop you from getting paid. Anyone in The Bahamas can receive bank transfers to a SandDollar-enabled digital wallet from a local commercial bank account. To receive bank transfers, download a SandDollar-enabled digital wallet that has the Bank Top Up feature activated. NOTE: SandDollar wallets are tiered. The holding limit is $500 for Tier 1 wallets and $8,000 for Tier 2 wallets. Tier 2 wallets require a government-issued photo ID. To learn more about digital wallets and SandDollar.BS, watch Episode 5: Making Sense of Digital Wallets & Digital Money on the Money Sense with Sheandra YouTube channel. https://lnkd.in/eB6KCJ-q

A couple of years ago, I was introduced to the world's first retail central bank digital currency, the SandDollar. After learning about its benefits and experiencing some firsthand, I inadvertently became an evangelist, spreading the word about the SandDollar to anyone who would listen. My passion for educating the public on the SandDollar eventually led to a role in the Currency department at the Central Bank of The Bahamas. Earlier this year, on my 36th birthday, I made a very tough decision to leave my job at the Central Bank to pursue some of the career goals on my vision board. While I am no longer a Central Banker, I still consider myself a SandDollar "evangelist." I share a bit about the SandDollar on the latest episode of my podcast, Money Sense with Sheandra. If you have some time this week, check out Episode 5: Making Sense of Digital Wallets and Digital Money at the link below. https://lnkd.in/esxD8f4t

𝗔 𝗞𝗲𝘆 𝗔𝘀𝗽𝗲𝗰𝘁 𝗼𝗳 𝗦𝗮𝗻𝗱𝗗𝗼𝗹𝗹𝗮𝗿  — In The Bahamas, digital wallet users do not need to have the same wallet provider to transact with one another. All wallets can send and receive SandDollar.BS, the digital Bahamian dollar. Because SandDollar is interoperable, merchants don't need multiple wallet providers to receive payments from customers, and consumers can switch wallet providers anytime. Episode 5: Making Sense of Digital Wallets & Digital Money is now streaming. Watch it on your mobile device or smart TV. https://lnkd.in/e3UJPK8i

The holidays are coming. Social media buying and selling will soon be back in full swing. Let's add a digital wallet to our payment methods to make transacting safer. Episode 5: Making Sense of Digital Wallets and Digital Money is now streaming on YouTube. Watch it on your mobile device or smart TV. https://lnkd.in/eFk5pR22

The use cases for digital wallets are endless. Episode 5 explores ten use cases, one of which is using digital wallets to manage money for kids. Kanoo Pays is leading the way in this at Queen's College Bahamas, its first cashless school campus where students can make digital purchases using funds sent by parents through the Kanoo app. Episode 5: Making Sense of Digital Wallet and Digital Money is now streaming on YouTube. https://lnkd.in/eFk5pR22

On the next Money Sense with Sheandra, we're discussing everything you need to know about digital wallets and SandDollar.BS ‬, the digital Bahamian dollar. Five of the country's digital wallet providers (Cash N Go Bahamas, Kanoo Pays, MobileAssist, MoneyMaxx, SunCash) and Onika Russell, a former PayPal executive, join Sheandra in this informative coaching session that teaches how to make digital wallets and digital money work for you. Episode available Friday, September 27th at 2 p.m. Subscribe now to the Money Sense with Sheandra YouTube channel. https://lnkd.in/epuF8dZy

"Anybody in The Bahamas working abroad, studying abroad, or living abroad with a spouse or family member that may be in school or working is entitled to an exemption of $10,000 after being absent for a minimum of two years." Officers from The Bahamas Customs & Excise Department share information on exemptions for returning residents in this bonus clip from Part II of Episode 4: How to Shop and Ship Smart. Watch the full episode on the Money Sense with Sheandra YouTube channel. https://lnkd.in/dxf5E2md

Lowering your travel expenses when traveling to the U.S. to shop can give you a bigger shopping budget and greater savings. Here are five ways to reduce travel expenses to make the most of your shopping trips in the States. Watch the full episode on the Money Sense with Sheandra YouTube channel. https://lnkd.in/dwW9-Ef4

"Use your exemptions for items that are higher rates so that you get the maximum benefits for it." Chief Customs Revenue Officer Coderro Edgecombe and Customs Revenue Officer Nadia Newton-Williams of The Bahamas Customs & Excise Department share tips on using exemptions when returning home to The Bahamas from abroad. Watch the full episode on the Money Sense with Sheandra YouTube channel at the link below. https://lnkd.in/dwGaGgXA

Next on Money Sense with Sheandra, Sheandra offers tips on how to shop smart with U.S. stores and brings in officers from The Bahamas Customs Department to discuss how to avoid costly mistakes when importing goods into the country. Watch or listen any time after 2 p.m. on August 26th. Missed Part I of Episode 4? Watch it on the Money Sense with Sheandra YouTube channel or listen wherever you get your podcasts. https://lnkd.in/eMg6S4G6 Coderro Edgecombe #smartshopping #financialcoaching #moneysensewithsheandra