The US Treasury has been sending stimulus payments in the form of prepaid debit cards to those without direct deposit information on file with the IRS. As supplying personal identifiable information is required to activate the cards, criminals have already started to take advantage of the situation by creating fraudulent cards with accompanying letters containing a […]
Archives for 2020
Fraudsters Using Others Information to File for Unemployment
There has been a sharp rise in unemployment fraud amid the current pandemic. Federal and state agencies are investigating substantial fraud schemes involving stolen personal identifying information to fraudulently claim unemployment benefits. Criminals are applying for unemployment with stolen personal information and requesting direct deposit for these financial benefits. Once the deposits are made to their accounts, the […]
Link to CFPB Video About Economic Impact Payments Prepaid Debit Card
If you have qualified for an Economic Impact Payment (EIP) the government might mail you your money on a prepaid VISA debit card beginning this week. The Consumer Financial Protection Bureau has released an informational video for consumers on how they can access their funds. Once the card is activated, consumers may use it to get cash, […]
Discover What’s Possible with Cash Line
We are happy to launch Cash Line, our new personal line of credit! Whether it’s a special vacation or event, home improvements or emergency big-ticket purchases, Cash Line allows you to always be prepared. Cash Line offers quick access to funds whenever you need them, once you’ve been approved. You can apply to borrow only the amount that […]
Community Banks Stepping Up and Out
The American Bankers Association (ABA) has released a new video highlighting the ways America’s banks have stepped up to support their customers, and their communities facing unprecedented challenges during the COVID19 pandemic. The video recognizes the efforts of banking employees across the country who are serving as ‘economic first responders’ in their communities, and also shares […]
Matt Thomas Ranked Top Loan Originator!
Please join us in congratulating, Matt Thomas, Mortgage Originator at Merrimack County Savings Bank, for being ranked “Top Loan Originator” by the Registry Review in 2019! Each year, the Registry Review publishes data collected by The Warren Group outlining NH’s top loan originators. Matt was ranked #1 in volume of loans and #1 in number of loans for […]
IRS Raises Health Savings Account Contribution Limits for 2021
Health Savings Accounts (HSAs) let you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums. HSA […]
Money Flipping Schemes On the Rise
There have been reports of a rise in money flipping schemes, targeting consumers who’ve run into financial trouble due to pandemic‑related unemployment. Money flipping is an attempt by scammers to lure consumers with promises of a payout. The target of the scam is required to pay a small amount up front in order to earn a larger […]
Rise in SIM Card Swapping Scams
Beware of an increase in Subscriber Identity Module (SIM) card swapping. A SIM card swap happens when a hacker pretends to be you and convinces your mobile device carrier to switch your phone number over to a SIM card that they own. A SIM card is the tiny memory chip inside a mobile device that carries an […]
Scammers Selling Face Masks and Paper Products
The Federal Trade Commission (FTC) is reporting a sharp increase in fraud relating to health and safety items like face masks and paper products. Since the beginning of March, many purchasers have described paying online stores for face masks and toilet paper but never receiving the products that they ordered. Scammers took their money as well as […]