The Lima office of Citizens National Bank invites the public to join us for Customer Appreciation Day, which will be held on July 28, 2016 at its office located at 201 N. Main Street. From 11 am – 1 pm customers will be served free pulled pork or chicken sandwiches, macaroni & cheese, chips, and cookies as a thank you to its customers. Attendees may also register to win door prizes.
“We truly appreciate the longstanding relationships we hold with many of our customers and we use this day as a celebration of the success we’ve had in the Lima market,” states Lima City President, Ken Dysert. Beginning Monday, July 24 and running through August 4, the office will also be offering a special rate on a 12 month CD. See a customer service representative for details.
The Lima office is a full service financial center offering deposit accounts, mortgage and commercial lending as well as investments through Citizens Wealth Management Group. Visit us on the web at cnbohio.com to learn more.
Check Fraud Averted!
Check fraud continues to rise as more are attempting it due to the increased difficulty of credit card fraud with the introduction of the chip technology. CNB’s business customers have the option of using a software program called Positive Pay, which reviews daily all the checks a business writes to match the amount of the check, payee information and check number. If any items are a mismatch, they’re placed on a report for the business to review and approve or deny prior to the check being cashed. One customer, Anderson Tractor Supply, had previously had check fraud and when Positive Pay became available they signed up. They were glad they had when a recent review of their report showed 2 checks for $900 each that they had not written. The check stock looked similar and the business information printed on the checks was all the correct information. By denying those checks, they were able to save $1,800 in fraudulent check activity and maintain peace of mind that they have an extra layer of protection by using the Positive Pay service.
If your business writes checks, consider the Positive Pay service for assurance against check criminals. We offer packages based upon the size of your business and your checking activity. Call CNB’s Cash Management department today to learn more – 1-800-262-4663, or email firstname.lastname@example.org.
Where Do I Start?
As a parent one of the scariest things to consider is how you’re going to pay for college for your children. According to the College Board Annual Survey in 2016, the average annual cost for a four-year public college was $20,090. The average annual cost for a four-year private college was $45,370. This cost includes tuition and fees, as well as room and board. You know in most cases, you won’t be able to foot the bill for 100% of the cost, so how do you go about getting financial aid for your child?
Financial aid comes in the form of grants, scholarships, loans and work-study jobs. There are three basic sources of aid:
- Federal and state governments
- Private organizations
To give your child the best chance for all available aid, start by having him/her complete the FAFSA – the Free Application for Federal Student Aid. Submitting this application gives you access to the largest pool of financial aid dollars and loans with the best terms. The FAFSA opens on October 1 each year and you should complete your FAFSA as early as possible. Click here for tips on completing the FAFSA. Be sure to have your tax records and financial documents handy.
The second-largest pool of money comes from colleges, which may require you to fill out the FAFSA, the PROFILE or their own forms.
Finally, aid from private organizations is definitely worth researching and applying for, but it’s unlikely to be your main source of college money. Be strategic in completing these applications – you are more likely to get a local scholarship than a national one. And never pay for a scholarship search service – there are plenty of free tools out there.
To calculate your estimated college savings plan, use our online calculator.
Open a Student Checking or Go Anywhere Checking by the end of June for a Chance to Win!
Whether your child just has extra birthday money you’d like to save or they’re heading to college in the fall, it’s a smart move to open an account specifically for them that they can begin to learn money management skills. For those ages 14-17, we offer a Student Checking. This free account requires an adult co-signer and allows access to the account through online or mobile banking. A lower limit debit card is provided as well for everyday purchases and ATM access. If your child is 18 or older, we recommend the Go Anywhere Checking Account, which offers FREE unlimited ATM access so they don’t have to worry about ATM fees when trying to access their account when away from home. The minimum balance requirement is waived for those ages 18-23 and the account comes with online and mobile banking, as well as a Visa debit card and the ability to apply for a Visa credit card which is helpful for larger purchases.
Now through the end of June anyone who opens a Student or Go Anywhere account will be automatically entered to win one of two $50 iTunes or Google Play gift cards. Stop by any CNB office today to get started!
DocuSign, a reputable firm known for being the industry-leader in online documentation distribution and signing, was recently a victim of a phishing attack. During the week of May 8 and again the week of May 15, DocuSign detected an increase in phishing emails sent to some of its customers and users. The emails “spoofed” the DocuSign brand in an attempt to trick recipients into opening an attached Word document that, when clicked, installs malicious software. The emails may come from email@example.com or something similar and Subject Lines may reference a completed wire transfer or complete accounting invoice. The company was able to determine a third party had gained temporary access to their non-core system which allowed them access to email addresses for customers with DocuSign accounts. The good news is no names, physical addresses, passwords, social security numbers, credit card data or other information was accessed. The bad news is for those who received the spoofed emails, clicked on the link to open the Word document and allowed the macro to run. Their computers are now infected, limiting access to their information or they may even be asked to pay money to unlock access to their computer files.
This case once again highlights the importance of being wary of opening emails and especially clicking hyperlinks from within emails that you aren’t familiar with or weren’t expecting. Be sure to educate your family and employees about the possible consequences of clicking on the wrong link and encourage them to thoroughly review the email account it comes from, type the url for a link into a browser if possible vs. clicking on a link within an email and not opening attachments from sources they weren’t expecting to receive.