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Coronavirus: Scammers follow the headlines

Scammers are taking advantage of fears surrounding the Coronavirus. They're setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information. The emails and posts may be promoting awareness and prevention tips, and fake information about cases in your neighborhood. They also may be asking you to donate to victims, offering advice on unproven treatments, or contain malicious email attachments. Here are some tips to help you keep the scammers at bay:

  • Don't click on links from sources you don't know- It could download a virus onto your computer or device. Make sure the anti-malware and anti-virus software on your computer is up to date.
  • Watch for emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying that have information about the virus. For the most-up-to-date information about the Coronavirus, visit the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).
  • Ignore online offers for vaccinations. If you see ads touting prevention, treatment, or cure claims for the Coronavirus, ask yourself: if there's been a medical breakthrough, would you be hearing about it for the first time through an ad or sales pitch?
  • Do your homework when it comes to donations, whether through charities or crowdfunding sites. Don't let anyone rush you into making a donation. If someone wants donations in cash, by gift card, or by wiring money, don't do it.
  • Be alert to "investment opportunities." The U.S. Securities and Exchange Commission (SEC) is warning people about online promotions, including on social media, claiming that the products or services of publicly-traded companies can prevent, detect, or cure coronavirus and that the stock of these companies will dramatically increase in value as a result.

Want more information on the latest scams we're seeing? Sign up for our consumer alerts. If you come across any suspicious claims, report them to the FTC at ftc.gov/compliant.

Resource: By Colleen Tressler, Consumer Education Specialist, FTC (February l-0,2020)


Change in Terms Notice

Funds Availability Policy

Due to changes in Federal Regulation CC, the amount of funds that must be made available to you will be changing effective January 1, 2020. Depending on the type of check you deposit, your funds may not be available until the second business day after the day we receive your deposit. Beginning January 1,2020, the first $225 of your deposits, however will be available on the first business day after the day we receive your deposit. This is a change from the $200 that must currently be made available on the first business day after the day we receive your deposits.

In addition, the following changes also apply to those funds you deposit by check which may be delayed for a longer period:

  • You deposit checks totaling more than $5525 on any one day. This is a change from the current $5000.
  • You area new customer and the account is still within the first 30 days from account opening. For a new account, funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5525 of a day's total deposits of cashir's checks, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5525 will be available on the ninth business day after the day ofyour deposit. If your deposit of these checks (other than a U.S-Treasury check) is not made in person to one of our employees, the first $5525 will not be available until the second business day after the day of your deposit. This is a change from the current amount of $5000.

If we delay availability on a deposit, we will provide a notice of delayed availability to you promptly. Should you have any questions, pleases do not hesitate to contact our Customer Service at 477-778-7211.

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