Community & Education

Insurance Made Easy

Insurance- something we all need, but seldom get excited about. It can be difficult to know what exactly you need to make sure you are properly insured. At First Fed, we are here to help. Let us be your guide into the oftentimes confusing world of insurance.

Here at First Fed, we offer a full suite of insurance products to meet your needs.

Products we offer

• Homeowners Insurance
• Renters Insurance
• Landlord Insurance
• Auto Insurance
• Umbrella Policies
• Commercial Insurance
• Pet Insurance
• Event Insurance
• Bonds
• Recreational Lines- Motorcycle, Boat, RV, ATV, snow mobiles, golf carts
• NEW! - Compact Tractor & E-Bike

Quoting Made Simple

Need coverage for your vehicles? There are several different coverage options to choose from:

Full coverage- protects you from comprehensive and collision claims as well as liability claims.

Liability only- this coverage applies only when damage is done to another party (physical damage or bodily damage).

Storage coverage- protects your vehicles that are not being driven at certain times of the year (antiques). A quick conversation with one of our agents can help you figure out the best fit for your needs.

Need coverage for your home, condo, or apartment? Be ready to tell your agent all about the place you call home. We may ask you about the square footage, how many bathrooms there are, whether you have a garage, and if you have a basement. Having your current policy on-hand can also come in handy in the quoting process.

The types of things your agent ought to know

Got a new roof recently? Send over an invoice from the roofing company and you will see a decrease in your price! 

Have a youthful driver who just got their permit? It is time to add them to your auto policy to make sure they are covered to drive.

Recently added additional square footage to your home? Call your agent! Let us make sure your home is insured to value.

Added a pool or trampoline to the backyard? Call! Let us make sure those are covered on your policy.

Discounts you do not want to be missing out on

Does your insurance company offer telematics discounts? If you are unsure, you may want to check as it is a fantastic way to take savings into your own hands! Here at First Fed, we have two companies that offer this discount. Essentially, this is a safe-driving rewards program that acts as an app on your phone. The better you drive, the more you save!

The more safety features on your car- the better! If you have anti-theft, automatic braking, or even lane assist on your vehicle, you can save!

Do you have deadbolts on your outer doors? Smoke alarms inside? Home security system? What about a fire extinguisher? If so, you may qualify for a protective-device discount on your homeowner’s policy!

Have a student in your household? Turn in their report card showing a 3.0+ GPA and you can get a discount on your auto policy!

Are you 65+ and have completed a safe-driving course? You guessed it... you can save!

Bundling is another great way to tag on those discounts. Are you in the market for home, auto, umbrella, life insurance, or even commercial insurance for your business? First Fed is a one-stop shop for all your needs. Depending on the rates, bundling may be the best option. Here, we will often mix and match within our companies to ensure you are receiving the best rate possible!

Feeling more comfortable about addressing your insurance needs? Call us for a complimentary quote! 815-434-0563

First Federal Savings Bank Announces Promotions

First Federal Savings Bank recently announced the promotion of Gayle A. Peasley to Vice President of Branch Operations. Mrs. Peasley has been with the bank since 1995 holding positions in branch management and branch supervision. Most recently, she has held the position of Assistant Vice President/Branch Coordinator.

Carol R. Harris was promoted to Vice President of Human Resources & Employee Development. Mrs. Harris has been with First Federal since 1998 serving in various roles in branch supervision, and in both a management and agent capacity for First Fed Insurance Agency, Inc. She most recently held the position of Assistant Vice President of Human Resources.

President and CEO Konni Rodeghier stated, “I would like to congratulate and thank Gayle Peasley and Carol Harris for their dedication and service. Not unlike any other small business, it is the talent and commitment of our team that sets us apart. They are key members of our management team and together we are focused on the future of our community bank.”

2023 Trends & 2024 Outlook

It is the time of year when we reflect on the past twelve months and make plans for the next twelve months. As Community Bankers, we need to be on top of finance trends that are impacting consumers, as we follow the markets and provide the best possible rates, products, and banking experience for our current and future customers.

Biggest Finance Trend From 2023 – Buy Now, Pay Later

If you’ve done any type of online shopping, you’ve seen Buy Now Pay Later, and many of you have probably used it. This innovative product allows you to break up purchases into four or less payments, typically at no additional cost to you. This product is filling a space that Banks are not; very small, very short-term loans. When used properly, it’s a great way to break up the cost of a larger purchase.

If you are using Buy Now, Pay Later, just beware of some downsides, which include:
• Getting overextended
• Paying high interest and fees
• Not building a credit history

If you have concerns about any of these, a more traditional bank credit product may be a better fit.

Biggest Surprise of 2023

Banking in person is back. 2023 was really our first year truly coming out of the pandemic, and we were so happy to see customers back in our offices, attending our events, working with our team in person. Face-to-face service, convenient location, knowledgeable and available staff, those things are still very important to our business. We cannot live without technology and convenience, but that needs to come hand in hand with in-person service.

Get out the crystal ball…where are rates going in 2024?

In 2023, the Federal Reserve raised rates to the highest level we have seen in decades in order to curb persistent inflation. While nobody likes high interest rates on home and business loans, we don’t mind high rates on CDs and investments. What we really want is a healthy economy with balanced short- and long-term rates.

In December, the Fed started to see the economic signals they were looking for, indicating that the rising cycle is likely complete. We do expect a declining rate environment in 2024, with most economists looking to spring for the first declines. The best economic news is that many economists feel we may have avoided a recession, which is good news for everyone.

Consumers also may not realize that while the Fed controls one interest rate, market forces react to Fed decisions. The outlook for 2024 rate declines has already caused home loan rates to come down over one percent since reaching highs back in October. We hope to see continued improvement in the housing markets sparked by lower rates in 2024.

Final Thoughts

Thank you to all our customers for choosing First Federal Savings Bank!

As a community bank, we strive to deliver competitive products, the latest technology, and personal service. When you bank with us, you are supporting your community. Your deposits will in turn be used to make loans-home, business, and personal loans. Our leadership and decision-making team are experienced, knowledgeable, and most important, local to our communities. We feel this is what sets us apart from our competitors.

If this sounds like the type of bank you are looking for, we want you to know:

The Feeling is Mutual.

Securing Your Debit Card During the Holidays

It’s that wonderful time of the year when everyone will be heading out (or heading to the couch with your computer) to do some holiday shopping. During this time, you will no doubt be putting some miles on your debit and credit cards. Fraud can hurt your credit score and cause unnecessary bills and stress — but there are steps you can take to protect yourself. Here are a few easy tips to help you keep your money and identity safe so that you can enjoy a prosperous and peaceful new year!

• Enroll in all available security alerts and features

Your FFSB debit card comes with built-in card controls. These controls can do everything from turning your card on and off, to limiting the types of merchants or geographic locations, to sending a text alert or push notification for transactions over your specified dollar threshold.

• Spot-check your account history

While you are provided with a monthly account statement which shows all of your transaction activity, it never hurts to take a look at your account activity more frequently, especially during a period of higher transaction volume. Some debit card transactions may take a few days to appear in your account after your purchase, so don’t be alarmed if you don’t see them. Spot-checking your accounts by accessing your online banking or FFSB Mobile app more frequently will help you catch and report any potential fraud before it becomes a bigger issue. While you are there, check out some other account alerts you can enable…such as low balance notifications…so you know when it’s time to stop shopping for little Tommy or Suzy!

• Use a digital wallet for payments

Technology can be daunting but setting up a digital wallet for completing payments (whether in-person or online) is one of the best ways to secure your card information! Digital wallets, such as Apple Wallet®, allow you to make contactless payments, which eliminates that card swipe and short-circuits those card skimmers! Contactless transactions do not share the card information, as the card number is replaced by a random number each time you pay. So, merchants never see your card number. Digital transactions also require additional verification, such as fingerprint or face biometrics, or a passcode…so even if you lose your phone, thieves can’t complete purchases. Another benefit of digital wallets is that you don’t need to carry a physical card around, which means you won’t lose your card. Most merchants now accept contactless digital payments.

• Watch out for scams

It’s no surprise that Grinches are active during the holidays trying to scam you out of your money or identity! Stay vigilant to avoid falling prey to scams. Thieves steal information in new and inventive ways, such as:

o Email phishing. With email phishing scams, you’ll receive an email that may appear to be from a legitimate company, but when you click on a link or attachment, your information is stolen. How to recognize a phishing email? Look for red flags such as spelling errors in the body of the email, requests to ‘act quickly’, unusual timing of delivery, and inconsistencies in the domain name. Hover over that link and look at the domain address. Does it look legit? Stop. Look. Don’t Click!

o Card Skimming. Your card information can be stolen directly from an ATM or card reader. Some of the most common places where this occurs are gas pumps and vending machines. Skimming devices can be anywhere, so always check the card machine before swiping. If the framing around the card insertion slot looks retrofitted, give it a wiggle. Skimmers will come off! Some skimmers cannot be seen, as they are very slim and inserted into the card slot. The best defense in this case is to mask the keypad when you enter your PIN information. Stolen card numbers are useless when the thief is attempting to steal money at an ATM if they don’t have your PIN.

So, what should you do if your debit card information is stolen? Notify us (your card issuer) immediately. You can call the number on the back of your card, call your local branch during bank hours, or go to our website at www.ffsbweb.com and ask Penny, our digital assistant. The phone number is also located on the ‘Contact Us’ page of our website. You should also lock your card in the mobile app, which is helpful in a pinch, to stop any additional fraudulent transactions. Also consider changing your online banking password. Ultimately, you will need to file a dispute report.

These simple steps and a few precautions should help keep your holiday season merry and bright!

Navigating the World of Consumer Loans for Young Adults

Young adults, consider this your mini-crash course in consumer loans and basic financial literacy. The world of consumer loans doesn't have to be daunting. When approached wisely, these financial tools can help you achieve your dreams while setting you up for long-term success.
A consumer loan is a type of loan that is intended to help individuals and families finance their purchases and expenses. Whether you need to buy a new car, pay for home renovations, or cover unexpected medical bills, a consumer loan can be a helpful tool to help you achieve your goals and manage your finances. With a consumer loan, you can get access to the funds you need quickly and easily, and you can repay the loan over time with affordable payments that fit your budget. If you're looking for a way to finance your expenses and achieve your goals, a consumer loan may be the right choice for you.
Why Consumer Loans Matter

Consumer loans are not just about borrowing money; they're financial tools that can propel you forward in life. They can help you establish and build credit, make large purchases like your first car, and even consolidate high-interest debts. Knowing how to utilize these financial products wisely is crucial.

Building Good Credit

Almost every young adult gets their first credit card as soon as they leave the nest. While credit cards can offer a sense of financial freedom, they come with responsibilities. One of the most common mistakes: Treating them as free money. Some tips to make sure you are building good credit are:
• Pay on Time: The simplest way to build good credit is to make your payments on time. Even a single late payment can harm your credit score.
• Maintain Low Balances: Keep your credit card balances under 30% of your credit limit.
• Monitor Your Credit Report: Each of the three major credit bureaus offers one free credit report every 12 months. Stay updated and understand your score.
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Types of Consumer Loans

• Auto Loans are typically the most common loan for people in their twenties. Auto loans can help you purchase a car, a must-have for many young adults. The concept of auto loans dates back to 1919, not long after cars were invented!

• Personal Loans: These are versatile loans that can help with debt consolidation, emergency expenses, or making a large purchase. Personal loans can be more than just a tool for emergency cash. They are often a more affordable option than credit cards for making large purchases or consolidating high-interest debt.

Budgeting

Your Financial Compass: Budgeting is a skill that takes practice. Knowing where your money is going helps you make educated decisions. Some of the best budgeting tools are:
• Pen and Paper: Sometimes, the simplest methods are the best.
• Excel Sheet: A basic Excel sheet can make tracking expenses easier.
• Budgeting Apps: Many apps can connect to your accounts and help you monitor your income and expenses.

Always remember it’s important to cultivate good financial habits by developing self-control. Try to resist the urge for impulse buys. Never take on more debt than you can handle, and don’t forget to contribute to your emergency fund. It is wise to maintain an emergency fund account for life's unexpected twists.

So, the next time you think of taking a loan or swiping that credit card, remember it's not just about the money you borrow; it's about understanding your options and making smart choices.

Adulting After Graduation - Part 2

As a new graduate embarking on the next chapter in life, managing your money can be a daunting task. However, it's important to remember that good money management is crucial for your future financial stability.

To begin, it is vital you have certain accounts established and are aware of the tools built into each one and this is why most students or new graduates will need to establish a checking and/or savings account. Often you can start a savings account with a low opening amount. This will help you set aside some money each week or month, so you aren’t spending all you earn. A checking account along with a debit card will also be critically important. These accounts also have many features built into them, to make it a convenient and efficient way to bank. Alerts are a wonderful feature that alert you if your balance is getting low.

Also, it’s important to download your bank’s mobile app. From the app you can check your balance, make transfers, deposit checks with mobile deposit, and control your debit card. Many debit cards have a feature where you can turn off your debit card in case it is stolen or misplaced. Some other tips include the availability to view recent transactions, set limits, set locations if traveling, as well as the ability to see what subscriptions or apps you have linked to your card. Many banks encourage overdraft protection which transfers funds from your Savings Account or another donor account if your Checking Account becomes overdrawn.
A pro tip is to look at your account several times a week. Make sure you know what is in the account and any debits or credits that will be posted to your account. You can set up alerts, so you know if your balance is getting low. You can set up overdraft protection to transfer from your Savings Account if your Checking Account becomes overdrawn. In addition, many employers require a direct deposit, which means you will need a checking account to receive your paycheck. Having a checking account also allows you to build a relationship with a financial institution, which can be valuable in the future when you may need to apply for a loan or credit card. Practicing good credit management and utilizing your banks products and services is important for young adults to avoid debt, maintain a good credit score, protect against fraud, and set themselves up for a healthy financial future. By choosing the right accounts, monitoring activity, and using credit wisely, you will be sure to start off on a healthy financial journey.

"Banking" on The American Dream

June is National Homeownership Month. National Homeownership Week began in 1995, which was the strategy of the administration under President Bill Clinton, to increase homeownership across America. Later, in 2002, President George W. Bush expanded the period of observation from a week to the entire month of June. National Homeownership Month reinforces the belief that owning a home is one of the steps towards achieving the American dream!

What is National Homeownership month?

National Homeownership month is celebrated in the United States every June to raise awareness about the benefits of owing a home, and the importance of making homeownership more attainable for all Americans.

How did National Homeownership month start?

National Homeownership Month started as just a week-long celebration. It began in 1995 when President Bill Clinton saw it as a strategy to increase homeownership in the US. Later, in 2002, President George W Bush expanded the period of observance from a week to the entire month of June. National Homeownership Month reinforces the belief that owning a home is one of the steps toward achieving the America dream.

There are so many benefits to owning a home, here are some reasons why homeownership is important:

• Homeownership provides an opportunity to build equity and wealth over time. As you pay off your mortgage and property values appreciate you can accumulate financial assets and create a stable foundation for your future.

• Owning a home offers stability and a sense of belonging. It provides a safe and comfortable environment for you and your family- take pride in homeownership.

• Homeowners have vested interest in their communities. Homeownership helps create strong and vibrant communities. 

• Research shows homeownership positively impacts educational outcomes, especially for children. Stable housing can lead to improved academic performance and increased educational attainment.

66% of American’s own a home. First Federal is here to help on your journey to homeownership. We strive to help the buyer understand every facet of the buying process. If you are ready to start your homeownership journey meet with one of our loan officers to get pre-qualified. We will make the process simple and will find the best mortgage program to fit your needs. First Federal offers a variety of mortgage products to fit everyone’s needs. We are a one stop shop!

Mortgage fun facts

• Mortgage is a French term for “death pledge, with the intention that the pledge (obligation) dies when the debit is fully paid off.

• In the early days of the mortgage, interest rates were pretty high (sometimes up to 15% or 20%), This made paying off a mortgage an even more momentous occasion, and homeowners would celebrate by throwing a big party and burning their mortgage documents. Calling it a mortgage burn party -Guests would bring gifts to help commemorate the home being owned free and clear, and this tradition has since evolved into what we now know as the housewarming party.

• Sears used to sell mail-order houses. From 1908-1940 Sears took DIY to a whole new level. As many as 75,000 kits were sold in hundreds of styles, some of which are still in existence.


• The largest home has 400,000 sq feet and the smallest home has only 25 sq feet.
• The average homeowner stays in one home for 13.2 years.
• Millennials were the largest homebuyers in 2022, making up 43% of total buyers.
• An average American will own three homes in their lifetime.

Careers in Banking!

The banking industry offers a wide variety of rewarding career opportunities, whether someone is looking to enter the workforce for the first time or to advance their current career. Customers may identify with tellers or loan officers as the face of the bank, but as we will see, there are so many more employment options available in banking!

What is it like to work for a bank?

Most banks have a professional setting, after all, customers are entrusting us with their finances. However, you may be surprised to learn that banks aren’t as stuffy as one might think. From casual days and community events to electronic services and fun marketing (tik tok anyone?) banks today are keeping up with trends.

What education and skills do I need to work at a bank?

The minimum education level for most banking jobs is a high school diploma or equivalent. Other specific education or degree requirements should be noted in a job listing. Although specific skills needed may vary by position, trustworthiness, honesty, integrity, professionalism, and an excellent work ethic are core values for any banking career.

What types of jobs are available?

Wow! So many! Customer facing positions include tellers, personal bankers, branch managers, loan officers, financial advisors and even insurance agents. Lending, both mortgage and commercial, offers an array of opportunities such as loan processor, loan servicer, and underwriter/credit analyst. There are many supporting departments, all offering diverse opportunities. Marketing may appeal to creative minds while accounting, internal audit and compliance are more analytical. Operations, Human Resources, and Information Technology provide other unique professions.

What are some perks of working at a bank?

I am glad you asked! Banks are a great place to work! In general, banks provide employees with good working conditions, reliable hours, a host of different positions, competitive salaries, and a comprehensive benefit package including things like paid time off, group insurance and 401k retirement plans. Career development and advancements opportunities are available for individuals who have proven to be motivated, responsible, dedicated, and productive in their current role.

Where can I learn more?

Here are some great links to explore more:

17 Career Paths in Banking (Plus Tips for Choosing) | Indeed.com

Careers in Banking | American Bankers Association (aba.com)

Bank Teller Skills: Definition and Examples - Glassdoor Career Guides

Top 10 Skills Needed for a Job in Banking (careeraddict.com)

Visit First Federal Savings Bank’s career site to explore our current employment opportunities and apply online.

5 Things You Should Know Before Your Home Purchase

Get prequalified with a local lender.

The market is hot, and you’re ready to buy. The first step is getting prequalified for your loan. But which lender should you use? The promise of quick approval through internet-based providers is tempting, so why use a local lender? Buying a home will likely be the biggest purchase you will ever make in your life. Finally moving into your new home will be a joyous occasion.

A letter you receive instantly online may be meaningless. Local lenders are well known and respected by the realtors and can give your purchase offers more credibility. Local lenders are knowledgeable, industry experts who will find the best product to fit your needs. Local lenders should discuss your income, assets, and credit score in detail, and provide you with a legitimate home prequalification.

Mind your credit use.

Once you are serious about a home purchase, pay all your debts on time and don’t open any new accounts. Also, don’t close any active revolving accounts and strive to pay down your credit balances to 30% of your credit limit or less. Credit inquiries, new accounts, and late payments will impact your credit score and could change your prequalification status.

Get all your assets in order.

Whether your down payment is $1,000 or $100,000, know where it is coming from and get your account statements in order. Transferring assets or accumulating money after application will trigger more required documentation.

Avoid a job change if possible.

Demonstrating consistent employment is essential when applying and getting approved for a mortgage loan. If you want to explore new employment, try to wait until you have completed your home purchase. If it can’t wait, let your loan officer know, so that they can obtain new employment verification prior to the loan closing.

Prequalification is based on estimates. 

Once you have a home in mind, discuss specifics with your loan officer. Things like real estate taxes and homeowners association dues can vary and may impact your qualification.

Please click here to start your prequalification.

The Feeling is Mutual

Thrift, Savings and Loan, Mutual Savings Bank – these terms have been used over the years to identify the type of charter held by First Federal Savings Bank. But what does that mean?

What is a Mutual Savings Bank?

Mutuals were created in the early 1800s specifically to provide a safe place for depositors to save and to invest in mortgages and other loans in their communities. The early mutuals were philanthropic, designed to uplift their communities without focus on profits or shareholders.

That original essence of mutuality remains today, and our Savings Bank charter requires that the majority of our assets be held in residential home loans, small business loans, and other community related investments.

Why should that matter to our customers?

First Federal Savings Bank, and other Mutual Savings Banks, can be compared to a locally owned restaurant, versus a large national chain. Our employees, leaders, and executives live in the communities where we operate. Our policies, practices, and decisions are made within a core group of leaders who are local and accessible to our customers.

Our goals are focused on traditional core banking activities. Gathering deposits and making loans in our community, by offering a robust and competitive product menu. Just take a look around our website to see all we have to offer.

Do Mutual Savings Banks lack the technology of ‘big banks’?

First Federal Savings Bank has a strong commitment to offering all the online and mobile features, as well as payment methods you need. We know our customers expect those services. But we also know that our technology will never be a replacement for personal service. We serve our customers where they want to be served, whether they are on the go with their mobile device, home on their laptop, or in our lobbies or drive-thrus. We have all the latest technology, without giving up the personal service you need.

What is one thing a prospective customer should know about the Bank?

When you bank with us, you are supporting your community. Your deposits will in turn be used to make loans-home, business, and personal loans. We are going to offer you competitive interest rates and reasonable fees. But the one thing you should know is that we value each and every individual customer. We are going to get to know you, support your financial needs, and do our best to make you a customer for life.

If this sounds like the type of bank you are looking for, we want you to know:

The Feeling is Mutual.

Check Fraud: What’s old is new again….and not in a good way!

Like some of those 80’s fashion ‘fads’, some things should be left in the past. Unfortunately, it appears that good old-fashioned check fraud is on the rise again!

How does check fraud happen?

Recently, criminals committing mail theft-related check fraud have been targeting the U.S. Mail in order to steal personal checks, business checks, tax refund checks, and checks related to government assistance programs, such as Social Security payments and unemployment benefits. Criminals will generally steal all types of checks in the U.S. Mail as part of a mail theft scheme, but business checks are more enticing because business accounts are often well-funded.

What are some types of check fraud that we are seeing?

Forgery – signing a check without authorization or endorsing a check not payable to the endorser.

Theft – stealing checks to use for fraudulent purposes.

Paper hanging – writing checks on closed accounts or ordering and, then, writing checks on closed accounts.

Washing – using chemicals to remove information from a check.

Counterfeiting – illegally printing checks using information from the victim’s account.

How can check fraud affect me?

Of course, the most common concern related to check fraud tends to be loss of funds. Even if those funds are returned, there can be other problems or hassles. In most cases it is best to close the defrauded checking account and open a new account. This often times means changing payment account information for vendors, and usually means ordering a brand-new debit card at the same time. For businesses, one incident of check fraud could easily be detrimental to customer and vendor relationships and cause reputational damage. For individuals, unchecked occurrences of fraud could cause long-term damage to your credit score and leave other finances at risk.

How can I prevent check fraud?

Unfortunately, check fraud can happen to anyone…whether it is a stolen blank check, stolen mail, or looking through garbage to find cancelled checks. Here are some ways that you can help prevent, or quickly report, check fraud:

1. If you have to write a check:

a. Reconcile your checking account (or at least review your transaction activity) every month. Keep check images or cancelled checks in a secure locations and destroy those checks once they are no longer needed for tax purposes.
b. Never give your checking account information to anyone, especially over the phone.
c. Limit the information that is written on a check (do not include your SSN, driver’s license number, or phone number)
d. Make sure your checks have built-in security features. While you may pay a little more in the short-run, you will be grateful for the security measures provided in the long-run.
e. Never endorse a check until you are ready to cash or deposit the check.
f. Write the check out with a dark, permanent, ink pen. Preferably gel ink, because it is Be consistent with your signature! Banks attempt to compare your signature as part of fraud prevention.
g. Don’t leave blank spaces! Fill the check amount box and write the cents in a way that cannot be altered. For the written amount, start at the far-left edge and put a slash between the cents and the 100. Draw a line after the cents all the way to the right side of the dollar line.
h. When mailing a check, when possible, it is safest is put the mail in the post office building. Avoid using public blue mailboxes, as criminals do something called ‘mailbox fishing’ where they utilize a sticky trap to pull envelopes out of the mailboxes.

2. Ways to avoid writing checks:

a. Pay bills online, preferably using your bank’s Bill Payment service. You won’t need to write a check, pay for postage, or send a check in the mail.
b. Use a debit card for purchases.
c. Setup automatic payments for regular bills.
d. Setup alerts on your account. Many banks provide customers with the ability to setup alerts for when transactions occur. You can get alerts for all withdrawals, limit it to withdrawals over a dollar threshold, and for when your account drops below a certain balance.

What do I do if I have been a victim of check fraud?

If you think you’ve been targeted, or are a victim of check fraud, reach out to the bank where your checking account is located. They may suggest you place additional stop payments on other checks or check ranges. You may also be directed to close the affected account and open a new account. You should also contact any of your creditors that may have been impacted by the fraud. Lastly, file a police report, and monitor your credit.
If you think you may be a victim of mail theft-related check fraud, you should also report it to the U.S. Postal Inspection Service at 1-877-876-2455 orhttps://www.uspis.gov/report