Money Tip Monday

blog banner MTM2

Happy Holidays!

The holidays are quickly approaching, which of course means: SHOPPING! The Black Friday crowds may look a little different this year, but it sounds like the specials and discounts are still going to be out there waiting for customers to find them. We will see and hear the commercials on tv and how big the price cuts are going to be at the big box stores. What we may not see on tv will be the commercials for the local shops and restaurants our communities are fortunate to have.

This year has affected everyone differently, but our locally owned shops and restaurants were hit hard as they were forced to close their doors and alter the way they did business. Most of these shops and restaurants thrive on foot traffic, which again, came to a stop earlier this year. These are our friends and family that are running these businesses and what better way to spread some of the holiday spirit than to make a couple extra purchases at your favorite locally owned shop and potentially make their holidays a little bit brighter in what has been a bit of a dark year.

Often, we look to these places for support of teams, fundraisers, or sponsorships. If we can return the favor and show some gratitude by simply shopping locally we can help ensure that the same potential for that support is still there in the years to come. I think of the front of little league jerseys in the summers that are home to the names of our favorite restaurants and although they may not be operating at full capacity right now, the opportunity to purchase a gift certificate and gift that to friends and family is still there. In a year that has been lacking much joy any chance we can get to help make someone’s day should be captured.

RSB and both of its branches have been fortunate enough to operate in some of our area’s smaller communities. Our customers have supported us for many years and many of our local shops are near and dear to us. We will continue to try and return the favor as this holiday season gets going and we encourage everyone to do the same. We are very fortunate to have the options to shop local, and doing our part to keep that as an option will be something we do with a smile on our faces this year as it very well could make a world of difference for some of our friends this year.

Endorsements and Email and Wi-Fi, OH MY!

 

It is the month of pumpkin spice, falling leaves, spooky things…..and Cybersecurity Awareness. As you go about your online activities and gear up for the 2020 holiday season, there are a few steps you can take to stay safe online. Raritan State Bank wants you to remember:

Remote Deposit Endorsement requirements protect you.

Online banking is a convenient service and with this paperless platform, there are a few additional steps you may have to take when making a deposit.

Why can’t you just sign your name and submit? Including the bank name, account number and specifying a check is “FOR REMOTE DEPOSIT” ensures that checks are not inadvertently deposited more than once by an endorser.

Be careful what you share!

Phishing is real.

Phishing is the fraudulent practice of sending emails purporting to be a reputable company to try to get the receiver to reveal personal information.

If you get an email asking for personal information, make sure the sender is who they say they are. If there is any doubt, THROW IT OUT!

Keep your software up-to-date.

Install updates as they are released from the software vendor.

Upgrade or get rid of technology that is no longer supported by the maker of the software product.

In a smart world, don’t forget your smart devices!  Your router, SmartTV, Smart Lights and any other device connected to your home network need updates too.

Be careful where you connect.

Public Wi-Fi networks are not secure and other systems may not have the same firewalls as you.

Public computers can have spyware attached that captures passwords and public printers can leave sensitive documents accessible on the server.

Cybercriminals are SMART.

Be sure your computers and devices are protected. Sometimes basic or free antivirus programs are not good enough. Be certain yours is up-to-date and that all protections are turned on.