Money Matters: Email Fraud

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How do you know if an email is fraud? 

  • The name and company are real
  • Their request is real
  • Sending in the account information
  • BUT these things do not add up to the correct accounts and people

How do you avoid email fraud?

  • Always double check any suspicious requests
  • A quick phone call can verify transfers
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Money Matters: Personal Cyber Security

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People should be well-informed about the rise in cyber attacks since millions happen every day.

How do we prevent security worries?

  • Be aware of the risks and stay up-to-date on the best practices.
  • Change passwords frequently
  • Don’t click strange email links
  • Password protect your devices

What about cyber protection services?

  • They’re worth investing in.

All Southern Bank checking accounts include free ID theft coverage.

  • Expense reimbursement
  • Identity recovery services
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Money Matters: Down Payments

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Over half of renters in the United States believe owning a home is more affordable than renting.

What is some advice when it comes to down payments?

Decide how much payment is needed
Talk to home lender about qualification
Set up a savings plan

Are there zero percent down payment options?

0% options for active and veteran service members
As low as 3% for general public
Higher the down payment the lower the monthly payment

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Money Matters: Financing a Business

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Here are some important things to consider if you are starting a business.

What do businesses need to finance? 

  • Line of credit
  • Capital investments
  • Leases and loans

What are other considerations? 

  • Business savings accounts
  • Business credit cards

What is the most important thing for businesses to have before financing?

  • Detailed business plan
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