Improve Your Financial Health. Save Money - Automatically
Posted On: February 15, 2024 by Prevail Bank in: Banking / Money Management
According to a rolling representative online survey of US adults by YouGov, 12% of Americans have no savings at all; 27% have some savings, but it totals less than $1,000. Some is better than none – right?! Times are tough. How can a person build a savings account when they’re already living paycheck-to-paycheck? The magic of auto-transfer might be the answer.
What is an automated transfer of funds?An...
Recognizing Elder Financial Abuse. What to Know and What to Do.
Posted On: February 5, 2024 by Prevail Bank in: Banking / Money Management, Fraud
Imagine a family member offers to buy groceries for an elderly grandparent. The family member uses the grandparent’s debit card to buy groceries while also buying many items for their own personal use with the debit card without the grandparent’s permission.
Now, imagine a person has authorized access to an older friend’s bank account to help pay bills, insurance, and rent, but instead the bills and...
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