Banking Is Personal - Blog

Welcome to Banking is Personal. This blog is a place where Salin Bank hopes to give you information you can use. Our goal is to arm you with resources and knowledge about mortgages, wealth management, business lending and other banking-related issues that affect you and your financial objectives.

Money Matters On Campus

By Chuck Gearhart, Senior Vice President, Salin Bank on April 19, 2016

Credit card use among two-year and four-year college students is on the rise, with both groups of students exhibiting less financially responsible behavior over the course of the academic year, according to a new survey.
The study includes data from nearly 90,000 college students (85,000 from four-year institutions, and 4,300 from two-year institutions) across the United States and Canada who were polled on their financial knowledge, attitudes and behaviors. The full report, from EverFi and Higher One, can be found here
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Scam Alert: Microsoft Is Not Calling to Fix Your PC

By Jim Badger, Senior Vice President, Salin Bank on March 29, 2016

My father called me the other day to tell me he allowed someone he met online to virtually take over his computer.  I couldn't believe that he had fallen for that scheme; allowing access to somebody just becasue they promised to make his computer run faster.  My brother and I quickly went over to his house to make sure that his computer didn't have any new unwanted software programs that would steal his user names and passwords and ultimately empty his bank accounts.  

Technical support scams are popping up more and more - from scammers peddling bogus security software, to setting up fake Websites, to sending alarming messages that your computer is infected.

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Email Tax Fraud Scams On the Rise This Year

By Jim Badger, Senior Vice President, Salin Bank on February 29, 2016

It’s tax season, and that means it’s also the time when scammers come out in droves. According to the Internal Revenue Service (IRS), there’s been a 400 percent surge in email fraud and phishing this tax season. 
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The Elder Fraud & Stock Market Volatility Connection

By Denise Maines, Salin Bank Security Officer on February 25, 2016

When the stock market tumbles, many investors - especially those who may be older - naturally become concerned about the state of their finances. In some instances, however, this concern turns to panic - and that’s when seniors leave themselves vulnerable to unscrupulous swindlers and get-rich-quick scams. A recent Gallup poll in fact, says nearly 1 in 3 - or 32 percent - of investors worry “a lot” or “a fair amount” about older family members becoming the victim of financial fraud. 
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Credit Card Skimming: Think Twice Before You Swipe

By Denise Maines, Salin Bank Security Officer on February 12, 2016

You swipe; they steal. It’s called credit card skimming, and it’s a crime growing exponentially in Central Indiana. 

Here’s how the crime works: Skimming thieves use small high-tech devices that scan or “skim” your credit and debit card data from the card’s magnetic stripe. Oftentimes, skimming devices are installed on an ATM or inside a gas pump. Once the credit card has been swiped through the skimmer, the personal information and data are extracted and recorded. The thieves then usually sell the stolen information over the Internet so counterfeit cards can be manufactured. The U.S. Department of the Treasury reported that hidden cameras often accompany the machines to record a consumer’s PIN number.
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