Keeping Your Money Safe

In February, the Federal Trade Commission (FTC) received nearly 3 million consumer complaints of imposter scams, making it the most common consumer complaint of last year. To help you avoid becoming a victim of an imposter scam, Peoples Bank offers the following guide to recognize and preventing fraudulent imposter scams.

Imposter scams can take on several forms.

For example, one involves a fraudster contacting a consumer, claiming to work for a government agency and attempting... Read More

The popularity of mobile peer-to-peer (P2P) payment systems – Venmo, Paypal, Google Wallet – is rising. Such systems provide convenient access to transfer money by giving consumers access to their accounts through mobile devices. Like with all online financial services, however, it is important to take security precautions when using these systems.

P2P systems may be convenient, but if they are not properly secured, consumers could be exposed to financial loss. It is crucial... Read More

Consumers now have the ability to place free credit freezes on their credit files, which makes it harder for identity thieves to open new accounts in a consumer’s name.

This change also allows consumers to place initial fraud alerts on their credit files for one year. These changes come as a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Free freezes are also available for children under 16 as well as consumers with guardians, conservators... Read More

How the Chip Works

Enhanced security debit chip cards contain an embedded computer chip that is personalized for your account and every in-person transaction generates a unique code, making them more secure by adding this extra safeguard against unauthorized use.

But scammers are taking advantage of this important card changeover by using this as an opportunity to phish for... Read More

Keep Your Accounts Safe

According to the 2017 Older Americans Benchmarking Report, one-third of the U.S. population is comprised of people over the age of 50 who hold 70 percent of deposit balances in U.S. financial institutions.

That makes them prime targets for fraudsters. Luckily, there are affordable options to help keep your information safe.

Here are four ways that older Americans can reduce their... Read More

Things You Can Do In Wake Of Equifax Data Breach

After a recent data breach that affected more than 145 million people, you’re probably wondering if your sensitive personal information was affected and what you can do to monitor your credit.

Equifax, one of the United States’ three major credit-reporting agencies, said in September that the massive breach exposed names, addresses, birth dates and Social Security... Read More