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Improve Your Financial Health. Save Money - Automatically

Posted On: February 15, 2024 by Prevail Bank in: Banking

Improve your financial health. Save money - automatically.

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...

Why and How You Can Improve Your Financial Health Part 2

Posted On: February 14, 2024 by Prevail Bank in: Banking

Making New Year's Resolutions?

As you embark on the exciting journey of self-improvement in 2024, consider your financial health. Your credit score defines your financial health and future well-being. Your obtainment of better housing, employment opportunities, and an affordable mortgage and car loan are on the line. A low credit score typically means higher upfront costs, interest rates, and monthly fees.

As an example:

Recognizing Elder Financial Abuse. What to Know and What to Do.

Posted On: February 5, 2024 by Prevail Bank in: Banking

Recognizing Elder Financial Abuse. What to Know and What to Do.

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...