Crooks Want Your Money

July 23rd, 2014

Bank Fraud

 

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.

(more…)

10 Ways to Avoid Fraud

October 23rd, 2013


Fraud Alert Scam
Courtesy of www.consumer.ftc.gov 

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 Redesigned $100 Note

July 18th, 2013

The Redesigned $100 Note

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…)

Stop keeping up with the Joneses – They’re Broke

June 5th, 2013

Pig - Stop Keeping up with the Joneses - They're Broke

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…)

Tips for Electronic Tax Refund

February 13th, 2013
Tax Refund Tips
Getting your taxes done and out of the way is a good feeling especially if you are getting money back!  Follow these tips to avoid any delay in receiving your electronic tax refund into your State Bank account.

These are common issues we find in delaying tax refunds:

– Make sure to include ALL of your account number digits.
– Do not insert numbers or zeros where   (more…)

Retirement Plan Limits

February 1st, 2013

How Much Money Can I Put into My IRA or Employer-Sponsored Retirement Plan?

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.

Retirement Plan Limits

IRAs

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…)

Tips for Safe Internet Banking

January 11th, 2013

FDIC - Safe Internet Banking

Courtesy of FDIC.gov

Tips for Safe Banking Over the Internet

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…)

“Honoring Veterans” Slideshow

November 9th, 2012

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!