Watch Out for These 6 Social Media Scams While technology has boosted our ability to access virtually anything online, it has also created many more opportunities for social media fraudsters to take advantage. They can target anyone who participates in everyday online exchanges. That’s why it is so important to stay informed about the common internet scams. Here are six types of scams… Read More
How to Be Vigilant and Stay Safe from Mobile Payment Scams Contactless payment options and P2P mobile payment apps like CashApp, Venmo, or Zelle® have become increasingly popular. As a result, fraudsters have adapted their tactics to take advantage of consumers’ comfort while quickly sending money to a friend for dinner or a housekeeper for services. We’ve put together some tips and red flags to watch… Read More
5 Ways to Avoid the Biggest Identity Theft Scams this Tax Season In 2022, there were close to 8 million reports of suspicious activity related to income tax filing and identity theft. For many fraudsters, tax season can mean intercepting important tax documents and deceiving unsuspecting taxpayers to steal their money. Two common tax-related scams: 1) Fraudsters take your tax documents, such as a W-2, and file… Read More
4 Common Social Security-Related Scams to Be Aware Of To honor National Slam the Scam Day on March 9, an initiative created in 2020 to help raise public awareness and prevent Social Security-related scams, we’ve compiled a list of the most common red flags to be on the lookout for. According to the Social Security Administration, here are four signs of a Social Security-related… Read More
Retail vs. Bank Credit Cards: Which Is Right for You? There are a lot of credit cards out there today. Name a demographic or spending category, and a credit card is probably designed just for people within that category. On top of that, there are different kinds of cards, including retail and bank cards. No wonder that the average American adult has three credit cards… Read More
Zelle® Safety: How FirstBank is Helping Safeguard its Customers from Mobile Payment Scams As mobile payment apps/services like Venmo or Zelle® become more popular due to its quick and convenient way to send money, it’s also become another target for scammers. Whether it’s repaying a friend for concert tickets or sending money to a handyman or babysitter, electronic payments like these have reduced the reliance on cash and… Read More
What the $600 Tax Law Delay Means for Your 2022 Taxes In December, the Internal Revenue Service announced a delay of one year in reporting the new $600 IRS tax law. This tax law requires online sellers and gig workers who have received over $600 annually on payment platforms like Cash App, Venmo, or PayPal to report the income using a 1099-K tax form. Previously, these… Read More
Cash Stuffing: How Will This New Budgeting Trend Help You Save? One of the newest budgeting trends made popular by Generation Z is similar to one from a less digital world, about 20 to 30 years ago. Before the surge of plastic payment methods and virtual wallets, hoarding cash was the norm. However, the recent cash-stuffing trend has taken social media platforms by storm. If you’ve… Read More
Colorado Gives Day 2022 ¿Qué es Colorado Gives Day? Colorado Gives Day (CGD) es un evento anual de donaciones en línea de un día que beneficia a más de 3,000 organizaciones sin fines de lucro y, como resultado, a todos los habitantes de Colorado. Está programado para el martes 6 de diciembre. FirstBank se asoció con Community First Foundation… Read More
Check Fraud: Simple Tips to Protect Your Money The check has been a popular form of payment dating back to Roman times. Although there’s been a decline in check usage due to the rise of digital payment services, some forms of check fraud are actually on the rise, according to reports. But how are fraudsters scamming check users? The answer may surprise you.… Read More