What is Bank Jugging? Bank Jugging is when robbers/scammers scope out members walking to ATMs, credit unions, or other financial institutions. These suspects observe members withdraw cash and start to follow them when they leave the vicinity until the member…
Category: Banking Simplified – Blog
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Good Banking Habits to Fall Back On
Living in today’s world is financially challenging; everything costs almost double. It is hard to save and budget or even get into a routine with the number of times prices change. One month, your gas or groceries can be $100;…
Money Market vs. Basic Savings
When you think of opening a savings account do you go over your options? Do you know what is the difference between a money market account and a basic savings account? Let us break it down to the basics. First,…
Everything You Need to Know About CDs
A certificate of deposit (CD) is a time deposit account that typically has a higher interest rate than a regular savings account or money market account. A time deposit account is an account that gets assigned an interest rate and…
Stay Connected With an ITM
Does your financial institution have an ITM? It may just look like an ordinary ATM, but it can do so much more. ITMs, or Interactive Teller Machines, are making banking more efficient outside the lobby. Interactive being the key word,…