Scam artists in the U.S. and around the world defraud millions of people each year. They use the phone, email, postal mail, and the internet to trick you into sending money or giving out personal information.
Here are 10 things you can do — or not — to stop a scam. (more…)
The new $100 note is the latest denomination of U.S. currency to be redesigned. Over a decade of research and development went into its new security features.
The redesigned $100 note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate (more…)
Courtesy of Mint.com
It used to be that spending money on status symbols for the sake of flaunting your wealth was an activity reserved for celebrities and millionaires.
That has all changed. Conspicuous consumption, what was once referred to as “keeping up with the Joneses”, has brought the lifestyles of the rich and famous to suburbia.
Just as most people consider themselves to be above-average drivers, most people assume (more…)
IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government. The limits are periodically adjusted to compensate for inflation and increases in the cost of living.
For the 2013 tax year, you can contribute up to $5,500 to all IRAs combined (the limit will be adjusted annually for inflation). If you have a traditional IRA as well as (more…)
Courtesy of FDIC.gov
As use of the Internet continues to expand, more banks and thrifts are using the Web to offer products and services or otherwise enhance communications with consumers.
The Internet offers the potential for safe, convenient new ways to shop for financial services and conduct banking business, any day, any time. However, safe banking (more…)
In observance of Veterans Day 2012 all State Bank of Southern Utah branches will be playing the “Honoring Veterans” video throughout the day. The video includes veterans from all around southern Utah as well as friends and family members of employees and customers of State Bank.
The video will be shown throughout the day on Tuesday, November 13th 2012. Thank You to all of our veterans!
Hometown banking was established in southern Utah with the opening of State Bank of Southern Utah in 1957.
Hometown banking is important because people who live and work in southern Utah make the decisions. Bank employees and officers understand the banking needs of area residents because they are affected by the same economic climate. Find out what hundreds already know - hometown banking is better.
Read About How They Get It – They Need Your Help
Counterfeit Checks
The Grand Prize Winner
A man opens his mail and finds a check for $3500 along with a congratulatory letter stating that he won the sweepstakes. The man is told to deposit the check and wait three days for the bank to release the funds. Afterwards, he is to transfer most of the money somewhere to pay taxes via Western Union or Green Dot.
The Secret/Mystery Shopper
A lady answers a “Help Wanted” ad and gets a job as a secret shopper. She receives a check along with a list of where to shop and how much to spend. She notices that a money transfer service is on the list (usually Western Union, Green Dot or Money Gram). She is instructed to transfer a large portion of the check back to her new boss while taking notes on the competence and friendliness of the staff.
Online Sale Overpayment
A lady places an ad for a desk she wants to sell online. She gets a check by overnight mail from a person who has always wanted a desk just like the one advertised. However, the check is written for more than the asking price. She contacts the buyer and is told to transfer the overpayment via Western Union or Green Dot to another individual who will transport the desk to Canada.
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