As students head back to school and college, fraudsters are eagerly waiting – not only for the students, but for their parents and relatives as well. But college students are especially susceptible to being a target. According to the Federal Trade Commission (FTC), people aged 20 to 30 lose money to fraud more frequently than…
So you’ve decided on a house and your closing day is set. That means you’re finished and can let out a big sigh of relief, right? Not so fast. Since your home most likely is the biggest purchase you’ll ever make, it’s best to make absolutely sure everything is as it should be before the…
If you’re new to investing and looking for a place to start, a certificate of deposit may be what you’re looking for. Or if you’ve been investing for some time, a certificate of deposit can be one of the many tools you can use to help you toward retirement. Certificates of deposit – otherwise known…
Have you heard of jugging? You probably know what it is, but may not have heard the term by which it goes. Simply put, jugging is theft. The jugglers can work in teams or work alone. They identify a potential victim withdrawing money from an ATM, or watch for people coming out of a bank…
Escrow accounts are a vital part of mortgages for nearly all homebuyers. Some lenders require mortgage borrowers to have escrow accounts, or the borrower may opt in to an escrow account through their mortgage servicer. Escrow accounts set aside funds for tax and home insurance payments until they’re due. With each mortgage payment, a portion…
Scammers target everyone. They rely on people being unaware and uninformed in their attempts to obtain your personal details and/or your money. Every day, scammers prey on those who are uninformed. When they succeed, it’s because the scams appear to be authentic, trying to catch you off guard when you’re not expecting it. While you…
Whether it’s budgeting, saving, credit card interest or loans for big-ticket purchases, the more knowledge you impart upon teenagers, the better prepared they’ll be once they’re on their own. There are so many online money tools and financial phone apps, teenagers today can be more prepared and knowledgeable about money than any previous generation. And…
Recently there has been a rise in email fraud where a scammer poses as a major retailer, luring unsuspecting people with claims that an expensive purchase was made by them. The email will give a number to call if the email recipient doesn’t recognize or wants to dispute the purchase. This is a common phishing…
As the world continues to move more toward digital transactions, more and more businesses and organizations utilize digital payment methods. Digital payments have boomed since the start of the COVID-19 pandemic because of their flexibility and ease of use. But as more digital payment processing companies begin to emerge, scammers adapt. A new scam that…
Because of the conflict between the Ukraine and Russia, multiple Federal Agencies and cybersecurity firms have been warning of expected cyberattacks from Russia in the United States. The U.S. Department of Justice cautions to be on the lookout for email phishing attempts. Here is what to look for to keep your information safe when opening…
Spring traditionally is a time of regrowth, new life and budding. You may get the itch to deep clean and organize your house. And while you’re at it, you should consider a “spring cleaning” of your mortgage as well. These tips could lead to saving money, so take the time to look to see if…
As tax season kicks into high gear, scammers are looking to take advantage. Scammers will make aggressive phone calls posing as IRS agents, hoping to steal money or information from victims. Scammers will demand immediate payment for tax bills, regardless of whether you owe taxes or not. And if you give the scammers personal information,…
If you receive a call or text from RCB Bank requesting information of any kind, hang up and call your local branch or a verified RCB Bank phone number.
The Bank will be closed on Monday, October 12th in honor of Columbus Day & Indigenous Peoples’ Day. Click here for a list of all holiday closings.