Per new guidance from the IRS, all CARES Act checks for individual Americans will be referred to as Economic Impact Payments. We will be using this term in our posts from 4/3 forward. Please take a moment to review these helpful tips from the IRS: • • ❗The IRS reminds taxpayers that scammers may: • • 🔹️Emphasize the words Stimulus Check or Stimulus Payment. The official term is economic impact payment. • • 🔹️Ask the taxpayer to sign over their economic impact payment check to them. • • 🔹️Ask by phone, email, text or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up their economic impact payment. • • 🔹️Suggest that they can get a tax refund or economic impact payment faster by working on the taxpayer's behalf. This scam could be conducted by social media or even in person. • • 🔹️Mail the taxpayer a bogus check, perhaps in an odd amount, then tell the taxpayer to call a number or verify information online in order to cash it.
UPDATE: The IRS and Treasury are working to provide a web portal for Americans to be able provide Direct Deposit information. This tool will be of great benefit to those who have new bank account information or a new address since their last tax refund or payment. #stimuluspackage
A Signature Banker's Prayer
We know there are so many questions circulating about the CARES Act and the Small Business Administration. As our nation's bankers and politicians join forces to provide clear information, please take heed of these tips to ensure you do not fall victim to fraud or scams related to your small business funding! #caresact #fraudprevention #besbasavvy #knowyourbanker #callyourbanker
If you noticed something new when you logged into Online Banking this morning, you're not alone! We hope you enjoy the new look of online banking. Stay tuned, we have a fresh, new, interactive homepage coming soon too!