Wauchula State Bank Financial Blog (21)

04/8/20

How should I spend my stimulus cash?

Back in the day, when your father or mother would give you a dollar, they might offer this cautionary advice: “Don’t spend it all at once,” or “don’t spend it all in one place.”

Well, that certainly can be applied to the stimulus payments the government has promised millions of Americans due to the harsh economic times created by the coronavirus pandemic. The Treasury Department and the Internal Revenue Service announced that the payments will begin in mid-April and will be distributed automatically, with no action required for most people.

Online Banking, Mobile Banking, COVID-19

03/19/20

Staying in Because of the Virus? Consider These Online and Mobile Banking Solutions

With cases of COVID-19 (Coronavirus) confirmed in all 50 states and the District of Columbia, “social distancing” has become one of the tactics designed to slow the spread of the global pandemic. Businesses across the country are taking precautionary steps in accordance with their emergency preparedness plans, and banks are no exception.

Business, Security and Fraud Prevention

02/10/20

Has Your Email Account Been Hacked?

Unfortunately, email hacking is one of the most common instances of cybercrime these days and something that probably has affected all of us at one point or another. Fraudsters are becoming increasingly virulent in their ability to hack into your email.

Estate Planning, Taxes, Managing your Wealth

01/16/20

Happy (SECURE Act) 2020!

The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, is so new that estate planners and accountants are still learning ways to plan around it to minimize the impact on existing and future clients. Following are some items to ponder as you review your estate plans through the year.

Business, Loan Types

11/26/19

Is a Loan or Line of Credit Best for My Business?

Selecting the proper loan product for your business depends on what you need the money for and how you intend to pay it back. Here are some quick facts about each product.

Security and Fraud Prevention

11/26/19

Cybersecurity: What You Need to Do

CSI Technologies and Harris Poll recently surveyed 2,000 Americans nationwide about their opinions and fears surrounding cybersecurity as it pertains to their personal financial data. A majority of respondents expressed concerns about their online security online, and 74% said they would be likely to participate in a cybersecurity education or awareness program if their bank offered it.

On Our Minds