Posts by Bank of New Madrid
New Federal Rule for Businesses
Attention all Business Customers: We want to let you know of a new federal rule that became effective January 1, 2024. The purpose of the new federal rule is to promote transparency in the ownership of businesses for our law enforcement community. If your business is currently registered with the Secretary of State, you will…
Read MoreMONEY MANAGEMENT FOR YOUTH
First jobs can shape good financial habits. Many young people think about how to earn money to buy the things they want, but it is important to learn how to manage that money too! The best place to start is with a bank account. Once you land that new job, open a bank account to…
Read MoreFDIC Alert
The Federal Deposit Insurance Corporation (FDIC) has received numerous reports from consumers who received an e-mail that has the appearance of being sent from the FDIC. The e-mail informs the recipient that “in cooperation with the Department of Homeland Security, federal, state and local governments…” the FDIC has withdrawn deposit insurance from the recipient’s account…
Read MoreBeware of E-Mail Phishing Scams
Fraudsters, criminals, and hackers may pose as legitimate businesses and request personal or payment information. Often they will send an attachment which may contain a virus, malware or ransomware. Use discretion and keep you, your data, and your money safe. If you receive such an e-mail from someone posing as a representative of the bank, do not…
Read MoreSecurity Tips for Online Bill Payment
When it comes to paying your monthly bills—a chore that we all dread—you do have choices. There are three simple options. You can pay in person with cash or a check, use the tried-and-true method of mailing a check or pay your bills online using some form of electronic bill payment and presentment (EBPP). When…
Read MoreIdentity Theft
Bank of New Madrid is committed to ensuring your information is secure by using every means possible. This includes implementing the latest and most advance security based technology available today: Latest intrusion prevention system Military grade firewall device Running the most current operating systems on the newest servers available today Full time IT staff, monitoring…
Read MoreProtecting Consumers Against Data Breaches
The possibility of the average consumer becoming a victim of a data breach grows with each new advancement in the electronic age. A data breach occurs when sensitive or confidential information—driver’s license numbers, medical records, Social Security numbers, bank or credit card account numbers—is stolen, copied or used by an unauthorized person. As recently as…
Read MoreTips to Teach Children How to be Financially Responsible
April is National Financial Literacy Month and your community banker encourages parents to take this opportunity to teach your children the importance of financial responsibility. By making financial education a family priority, children will learn the importance of budgeting, saving, investing and using credit wisely. The path for financial success starts in the home and…
Read MorePower of Attorney 101: The Basics
A Power of Attorney (POA) is a legal document that authorizes another person or persons to handle your financial, legal, and in some cases your health matters. This can be a very helpful document if you are unavailable – for example if you are traveling abroad and have a loan closing to attend. A POA…
Read MoreWhat to do after a car accident?
Free tool helps consumers protect themselves, their property and their identities Jefferson City, Mo. – The Missouri Department of Insurance is offering a new smartphone app that walks drivers through the crucial steps to take if they’re in a car accident. Although car accidents happen every day, a recent survey from the National Association of…
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