February 15, 2021
The previous year proved to be highly challenging due to the worldwide pandemic. The nation experienced a lockdown, illnesses abounded, job loss was a common occurrence, and many people lost their lives. Now that we are in a new year, the situation is looking a little more promising. Several vaccines are on the market, we […]
Continue ReadingJanuary 20, 2021
If you are reading this, you may believe that you have either a bank account or a safe deposit box at a financial institution, but you simply may not remember where. Perhaps you are a caretaker and the relative or friend that you care for has made an indication that they have an account or […]
Continue ReadingJanuary 4, 2021
As Americans anticipate a second stimulus check, institutions have time to prepare for the inevitable. With this comes an influx of potential fraud scams targeting consumers and institutions. The top eight warning signs to share with customers are: 1. If you’re told by text there’s a second check; 2. Asked to verify or provide financial […]
Continue ReadingDecember 16, 2020
Now that the holiday season is shifting into high gear, many shoppers are turning to gift cards in an effort to purchase gifts for family, friends, neighbors, and coworkers. These are highly convenient gift choices that offer a high level of versatility for both the giver and the recipient. While an ideal option, it is […]
Continue ReadingOctober 19, 2020
Teaching kids about money is one of the most advantageous things you can do for their future. As kids, we were often informed that money is not something that grows on trees. Many of us may have received a small allowance for our contributions to the household. Others may have received financial rewards for academic […]
Continue ReadingSeptember 14, 2020
While it is true that Section 31 U.S.C 5103 states that coins and paper currency outlined as “Federal Reserve Notes” are considered to be legal tender for public charges, debts, taxes, and other types of financial dues, many businesses are refusing to accept cash as a form of payment. In fact, there is absolutely no […]
Continue ReadingAugust 17, 2020
Nearly half of all of the adults in the United States have claimed that they are experiencing adverse mental health complications as a result of the COVID-19 pandemic. Of these, the stress and worries of these individuals have been exacerbated over financial-based complications, such as not having enough savings, being placed out of work during […]
Continue ReadingJuly 20, 2020
Since the start of the COVID-19 pandemic, cashless payments have risen significantly. In fact, professionals are stating that the coronavirus is actually accelerating the trend towards a completely cashless economy. This is a direct result of the immense growth behind e-commerce and the unique fear of handling cash that could be potentially contaminated with COVID-19. […]
Continue ReadingJune 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 […]
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