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Don’t feel bad if you don’t know. A recent survey by the American Bankers Association’s Banking Journal and Morning Consult found that only 5% of U.S. adults are familiar with mutual banks. 18% said they were somewhat familiar, and more than 75% were mostly or completely unfamiliar with the concept. A mutual bank has a […]
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Washing your hands and social distancing are top of mind for all of us, but in addition to ensuring we have healthy habits over the next few weeks or months, we also need to ensure we stay secure and limit our risk of exposure to the growing number of social engineering and phishing scams. The […]
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Based on data released by the FDIC, the 10 largest banks in America collected $11.45 billion in overdraft and NSF fees from American consumers in 2017. What’s more, a recent survey by Moebs Services reveals that consumers paid a whopping $34.3 billion in overdraft fees in 2017 (this includes overdraft fees from big banks, smaller banks, […]
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Did you know that the average business person has 191 passwords. Those 191 credentials are the gateway to personal and financial information. According to a report by LastPass, 81% of confirmed data breaches are due to passwords. Yet 61% of people continue to use the same or a similar password everywhere, despite knowing that it is not […]
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Are you tired of switching banks or having your bank switch on you? With over 9,000 bank branches closing over the last decade, it is likely that you have fallen victim to the cost-saving trend. The trend is driven by both consolidation in the industry as well as consumers indicating a desire for online banking. […]
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