"An investment in knowledge pays the best interest." - Benjamin Franklin
Financial Articles
Curated articles, just for you!
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10/1/2024
Do You Practice Safe Checks?
It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial information to gain access to, and fly off with your money. Security Federal Bank is committed to helping our customers use checks safely.
Don’t give criminals the runway: Understanding the tactics they use can be your first line of defense.
Criminals are known to raid mailboxes and take off with checks so they can alter them and steal your money. One way to prevent this from happening is by not leaving your mail in your mailbox overnight or for long periods of time. If you’re heading out of town, you can pause your mail delivery for peace of mind. If you’re sending a check in the mail, don’t drop it in your mailbox. Instead, mail it from a USPS location to ensure it lands safely.
10/1/2024
Can You Spot a Phishing Scam?
Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse.
02/08/2024
Understanding What the FDIC Protects
In the wake of the 2023 news storm of some big banks closing their doors, Security Federal Bank wants to explain why there is no reason to panic. All deposit account holders with $250,000 or less per account in our institution are automatically protected by the FDIC – meaning that you will never be at risk of losing this money.
01/08/2024
6 Steps to Starting a Small Business
Are you ready to start up your business idea and become an entrepreneur? Before you can call yourself a small business owner, you’ll want to make sure your business solves a real problem, has a plan and can get funding. Follow these steps to turn your startup idea into a thriving small business in South Carolina or Georgia.
12/08/2023
Comparing Small Business Loan Programs Backed by the SBA
The U.S. Small Business Administration (SBA) was founded as an independent federal government agency to help American businesses get started, compete, and thrive by helping business owners access funding.
11/8/2023
Financial Health
Is it paying bills on time, robust savings, retirement fund, affording a new car? Whatever financial health means to you, it starts with getting your finances in order.
It’s easy to think that keeping track of your account balances is all you need to do to stay on top of your finances.
