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...
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...
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...
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....
“It is not more bigness that should be our goal. We must attempt, rather, to bring people back to the warmth of community, to the worth of individual effort and responsibility, and of individuals working together as a community, to better their lives and their...
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.