Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Deposit insurance for savings accounts covers $250,000 per depositor, per institution, and...
What is a debit card? A debit card is a payment method that can be used as an alternative to cash. Most banks and credit unions issue a debit card when you open a checking account. The card is linked to your account and can be used to make purchases. When you use your...
1. Government Imposter Scams Scammers call claiming to be from the IRS, Social Security, or Medicare. They may say the victim has unpaid taxes and threaten arrest or deportation if they don’t pay up. 2. Sweepstakes and lottery scams: Scammers call an older adult and...
Hang Up. When you get a robocall, don’t press any numbers to get on a “Do not call” list. This often leads to more robocalls. Consider blocking or labeling the caller. See what your phone carrier offers to help you block scam calls. There are even...
If you realized you’ve paid a scammer with your credit or debit card, contact your bank or credit card company. Report the scam and ask for a “”chargeback”” to get your money back. If you paid a scammer with a gift card, prepaid cash, or...
Recent Comments