FDIC Consumer Fall 2014 Issue
This informative newsletter asks “Is It Time for Your Financial Checkup?” Get tips that can help you fine-tune your money management strategies. Also included in this issue: Taking Your Money on a Trip: Safe Travels Financially; 5 Common Misconceptions About FDIC Insurance; and, Your Rights to Financial Privacy.
The issue is available on the FDIC’s website at FDIC Consumer News Fall 2014.
Scammers are preying on people that have just made a lot of online purchases on Black Friday and Cyber Monday. There are several scam campaigns being sent right now.
- Be on the lookout for “Shipping Problem” emails from FedEx, UPS or the US Mail, where the email claims they tried to deliver a package from (for instance Apple Computer) but could not deliver due to an incomplete address. “Please click on the link to correct the address and you will get your package.” If you do, your computer is likely to get infected with malware. Warn everyone in the family, especially teenagers.
- Watch out for alerts via a TEXT to your smartphone that “confirm delivery” from FedEx, UPS or the US Mail, and then asks you for some personal information. Don’t enter anything.
- And to reiterate the warning, there is a fake refund scam going on that could come from a big retailer. It claims there was a “wrong transaction” and wants you to “click for refund” but instead, your device will be infected with malware.
Especially in these times, Think Before You Click!
IRA One-Rollover-Per-Year Rule Changes Effective January 1, 2015
The IRS has announced that the longstanding interpretation of the one-rollover-per-year rule will be changing effective January 1, 2015. Historically, the understanding has been that this rule applies to each IRA an individual owns. However, beginning “as early as January 1, 2015”, according to the IRS website announcement, “you can make only one rollover from an IRA to another (or the same) IRA in any 12 month period, regardless of the number of IRAs you own”.
For more details, see the IRS announcement on their website: IRS One-Rollover-Per-Year Rule.
Potential Compromised Card Information at Retail Store
As recent news reports have indicated, Home Depot has reported a card compromise. As United Financial Bank of FL learns of compromised cards, we will notify cardholders and promptly replace your card with a new card number. In the meantime, if you have used your card at any of these locations, we ask you to review your account history closely and contact your local branch or Customer Service at (800) 686-2052 for prompt replacement of your card. We also advise cardholders to review their account history on a regular basis using Internet Banking if you have access to this online service. (September 2014)
FDIC Consumer New Summer 2014 Issue
This informative newsletter asks “Are Your Finances Ready for a Stressful Life Event?” and helps you to prepare for such events. Learn more about preparing for disability or death; where to store important documents; avoiding scammers; and more. Also, the FDIC announces recent enhancements they’ve made to their website explaining FDIC insurance coverage.
The issue is available on the FDIC’s website at FDIC Consumer News Summer 2014.
FDIC Consumer News Spring 2014 Issue
Learn ways to add to your savings and investments; how to get the most from your checking account; save on a mortgage; & refinance an existing loan of any type. Also, checkout tips for safe online shopping, person-to-person (P2P) payments, and protecting yourself from data breaches.
The issue is available on the FDIC’s website at FDIC Consumer News Spring 2014.
FDIC Consumer News Winter 2013/2014 Issue
This issue discusses how to “Be in Charge of Your Credit Cards” by providing tips for choosing and using them. Also inside you’ll find articles on: protecting personal information and your money; tips for tax season; test your deposit insurance IQ; and more.
This issue is available on the FDIC’s website at FDIC’s website at FDIC Consumer News Winter 2013/2014.
Potential Compromised Card Information at Various Merchants
As recent news reports have indicated, Target, Neiman Marcus and Michaels Stores have reported card compromises. As United Financial Bank of FL learns of compromised cards, we will notify cardholders and promptly replace your card with a new card number. In the meantime, if you have used your card at any of these locations, we ask you to review your account history closely and contact your local branch or Customer Service at (800) 686-2052 for prompt replacement of your card. We also advise cardholders to review their account history on a regular basis using Internet Banking if you have access to this online service. At this time, reports indicate that these compromises may have started around early-to-mid-2013. (2013 Qtr 4)
FDIC Consumer News Fall 2013 Issue
This issue, titled “More About Mortgages”, provides information on new rules borrowers should know about and tips for avoiding scams. Inside you’ll also find articles on what to do when you have been turned down for a checking or savings account and other current topics.
This issue is available on the FDIC’s website at FDIC Consumer News Fall 2013.
Did you know that 54% of Americans are extremely concerned about the loss of personal or financial information? And that 96% of Americans feel a personal responsibility to be more secure online? The U.S. Department of Homeland Security, the Anti-Phishing Working Group and the National Cyber Security Alliance have developed the Stop.Think.Connect campaign to help make the internet a safer place for everyone. For more information, visit http://www.stopthinkconnect.org/.
Paying for College
The Consumer Financial Protection Bureau offers a tool to help college students and their families compare financial aid and college costs. If you have received financial aid offers, use this tool to understand how all those numbers impact your payments down the road. Visit the CFPB Paying for College website page for this and other helpful materials.