Our debit cards receive a makeover! We are excited to unveil new designs for our Consumer debit card, Business debit card and Health Savings Account debit card. These will be available mid-October. NEW Consumer debit card: NEW Business debit card: NEW Health Savings Account debit card: No need to pre-order! As usual, before your card…
ACH payments are electronic payments that go through the Automated Clearing House (ACH) Network. Funds move from one bank account to another with the help of a centralized system that directs funds to their final destination. The ACH network facilitates electronic money transfers and automatic payments between more than 10,000 banks and financial institutions. Direct deposits,…
Business and bank closures associated with the COVID-19 pandemic have significantly disrupted the supply chain and normal circulation patterns for U.S. coins. While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country. The Federal Reserve is working with…
To break it down, APY, or Annual Percentage Yield, is the interest you earn on money stored in a savings account, while APR, or Annual Percentage Rate, is the interest you owe when you borrow from the bank. It’s important to know the difference between these two key terms as they impact your finances, especially when investing or taking…
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed to offset the economic fallout of the COVID-19 pandemic in the United States. It was signed into law by President Donald Trump on March 27. The Paycheck Protection Program (PPP) is one component of the CARES Act designed to…
Tips to Avoid Coronavirus Scams and Protect Your Money Unfortunately, fraudsters are finding ways to take advantage of fears related to the coronavirus. Learn about the common scams and what you can do to protect yourself. Common Scams 10 Tips to Avoid Becoming a Victim Watch out for phishing scams. Phishing scams use fraudulent emails, texts,…
We are honored to be named as the 2020 Top Regional Bank for our eCentive Account, Heritage Direct savings, and Carefree Checking. Find out more about these great accounts here! Heritage Bank’s Carefree Checking account scored well because it doesn’t require a minimum balance. You also only need $100 to open an account. Heritage Bank,…
