Digital Banking

What Is an Interest-Bearing Checking Account?

What Is an Interest-Bearing Checking Account?

Because they are intended for short-term deposits and paying day-to-day living expenses, checking accounts typically do not generate interest: money the bank pays to the account holder in consideration of borrowing their money. Savings accounts, which are designed for...

Are Community Banks Safe?

Are Community Banks Safe?

The recent failures of multiple high-profile financial institutions such as First Republic Bank and Silicon Valley Bank may have left you feeling uncertain. If a major interstate bank with hundreds of billions of dollars in assets can fold so suddenly, what's to stop...

Electronic Banking and Mobile Banking

Electronic Banking and Mobile Banking

Banking has implemented electronic technology for quite some time now. Although they weighed over 30 pounds, the first all-electronic calculators found homes on many bankers' desks. The SWIFT payment network, which enables secure electronic transmission of information...

Tips to Prevent Check Fraud

Tips to Prevent Check Fraud

With the substantial advances in technology and communication over the past 30 years, check fraud has also significantly increased. The unfortunate truth is that there are ever-expanding ways to take money from honest people and defraud financial institutions....

Cyber Security Awareness: 7 Tips to Stay Safe Online

Cyber Security Awareness: 7 Tips to Stay Safe Online

According to the FBI, internet crime cost Americans more than $4.2 billion in the year 2020 alone. In other words, cybercriminals pulled off enough successful ransomware attacks, account hijacks, data breaches and other high-tech misdeeds that they could have...

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Sherburne State Bank provides a link to this external webpage because it may contain related information of interest to you. This link does not constitute an endorsement by Sherburne State Bank of any information, products or services on this external website.