Changes have been made to Federal Regulation CC, changing the amount of funds that must be made available to you, effective July 1, 2020. Depending on the type of check deposited or certain circumstances, funds may not be available to you until the second business day after the day the deposit is received.
As customers, businesses and members of our community struggle in the current status of our economy BLC Community Bank is finding ways to support them during these unprecedented times. “Due to the extraordinary circumstances our communities are facing, BLC, along with numerous other community banks, have decided to step up and assist our customers in any way possible,” said BLC Community Bank President, Steve Tramp.
Congress recently signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which included nearly $350 billion to help aid small businesses affected by the pandemic. These funds were provided to the Small Business Association for the Paycheck Protection Program (PPP) which will help by assisting businesses in the payment of certain operational costs.
The current pandemic situation has begun to cause financial hardship throughout for our customers, employees and community. Many state governments, including Wisconsin, have now closed down numerous “non-essential” businesses, to slow the spread of the virus. BLC wants to do its part to help with COVID-19 Payment Relief.
By now, all of you have been impacted in some manner by the CORONA or COVID-19 virus. This message is to provide you with some additional information and let you know what BLC is doing in response to the situation.
Preparation for tax season has begun, which means criminals and fraudsters are already busy deploying their next scam. Tax season typically brings about an influx of phishing scams with the intent of siphoning personal and financial data from unsuspecting victims.
With holiday travel and spring vacations just around the corner, we want to provide you with some safety tips to help you keep your money safe. It’s a good idea to carry VISA TravelMoney® Cards or credit cards, and leave your debit and ATM cards at home.
Over time, your valuables change, and so do your options to protect them. Here are a few choices, including safe deposit boxes and home safes, along with suggestions on how to assess each option for your specific needs.
At BLC Community Bank we have tips and resources to empower you in the fight against fraud. And the more you understand about fraud, the better prepared you are to help us fight fraud and keep your financial accounts safe.
Consumers and small business owners are fortunate to have a variety of retirement savings opportunities available to them — from IRAs and SEPs to 401(k)s and 403(b)s — that can be used to save for retirement and save on some taxes. Determining which retirement savings vehicles may be right for you is especially important as traditional pensions and other employer-funded retirement plans have become increasingly rare.
Your credit score is a three-digit number used by lenders to help them determine how likely they are to be repaid on time if they loan you money or you open a credit card. A good credit score helps you qualify for the best rates and terms when you borrow money or even pay for insurance.
Most people looking at their bank statements would probably notice if their credit or debit card were used without their approval to purchase a big ticket item, and they would quickly call their bank or card issuer to report the error or fraudulent transaction.
We can all afford to put a little extra away each month for a rainy day or retirement. Saving money doesn’t have to be complicated and should become one of your top priorities. Here are some easy savings tricks to help you get started.
Are you counting down the days to an upcoming vacation? You’re probably very excited for the adventure that awaits you, but don’t let the fun be ruined by someone out to steal your hard-earned money. Protect your money when traveling with these tips:
Did you know that more than $36 billion dollars is stolen from seniors each year? If you’re worried that someone might be taking financial advantage of an elderly loved one it’s important to know how to spot the signs and what to do about it.
Whether it’s your first home purchase or your fifth, it will be one of the largest purchases you’ll ever make. The process can be as overwhelming as it is exciting. These tips will help you be proactive and navigate the process.