June 16, 2020
It is a well-known fact that since the year of 1933, not one depositor has lost even a penny of their money that is covered by the FDIC. Now, the FDIC is taking things a step further. They have created a calculation tool that allows depositors to determine if the accounts that they own at […]
Continue ReadingMay 18, 2020
Now that the world is in the midst of a coronavirus pandemic that involves a potentially deadly virus, the banks around the nation are placing the health of their customers, the communities where they operate, and their employees as a top priority. Considered to be an essential business, banks are taking every measure possible to […]
Continue ReadingApril 20, 2020
The fear surrounding the COVID-19 pandemic has created a fertile ground for the highly malicious. As is the case with any type of public-based crisis, the spread of the recently identified coronavirus has created a new group of malicious scammers. These individuals are targeting individuals who are awaiting the economic stimulus package for their family, […]
Continue ReadingMarch 15, 2020
In 1933, the Federal Deposit Insurance Corporation – often identified as simply the “FDIC” – was created as a direct response to the failure of several banks during the Great Depression. Today, this corporation is known for taking measures to protect depositors. In fact, since the initiation of the corporation’s insurance in the year of […]
Continue ReadingJanuary 20, 2020
If the card is offered by a bank, the answer is “yes”, prepaid cards are insured. However, there are many important facts that you should know about the coverage and the type of card you have. While traditional checking accounts and savings accounts are still considered to be widely popular among consumers, many are turning […]
Continue ReadingDecember 16, 2019
As the owner of a small business, you have many financial obligations. These include – but are not limited to – operational costs, the expenses associated with the expansion of your business, and taking measures to protect both your customers and your employees. You may find yourself overwhelmed when it comes to budgeting, the types […]
Continue ReadingOctober 21, 2019
Fake check scams are one of the most common types of fraud committed against consumers. Here we will discuss what a fake check scam looks like and how to prevent falling for one. Have you recently received a check with a request from the sender to send funds back to them? If you answered “yes” […]
Continue ReadingSeptember 1, 2019
You receive an unexpected, official-looking envelope in the mail. You cautiously open it and discover it includes a check – or, possibly even a money order – for a whopping $10,000. You are informed that you have won $2 million in a state lottery and that you may immediately claim your winnings. Prior to doing […]
Continue ReadingAugust 19, 2019
In today’s world of technological advancements and the establishment of the mobile-driven environment, it is common for individuals to interact with financial institutions and other businesses through specially-designed apps, social media platforms, and websites. As a result, the “human element” has been lost. Even the concept of “face time” has taken on new meaning. Long […]
Continue ReadingJune 30, 2019
You Can Help Your Teen Effectively Manage Their Money by Opening a Bank Account Once They Get Their First Job Did your teen just land their first job? That’s exciting. While this is an important milestone, it should immediately be followed by another milestone – opening their first bank account. Teen banking provides you with […]
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