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Archive - April 2020

What To Know About Economic Relief Payments

What To Know About Economic Relief Payments

Posted On: April 20, 2020 by First Option Bank in: Banking, General, News, Tips & Tricks

In March, the CARES Act – a $2 trillion economic relief package – was signed into law. A provision of the law will provide financial relief to many Americans as a result of the COVID-19 pandemic. Below you will find answers to common questions regarding these economic relief payments.

1. How large a payment will I receive?

The CARES Act outlines the parameters of who is eligible to receive a payment. The Internal Revenue Service is the agency responsible for determining...

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Tags: CARES Act, COVID-19, Economic Relief Payment, News, Tips & Tricks

Scam Alert

COVID-19 Anti-Scam Alert

Posted On: April 14, 2020 by First Option Bank in: General, News, Tips & Tricks

An Update from us on COVID-19 Anti-Scam Alert We would like to remind everyone that scammers and con-artists have been extremely active due to COVID-19. While some may go for your money, others may go for your personal information.

 

3 THINGS TO REMEMBER Keep Confidential Information Confidential
If we reach out to you, we won't ask for confidential information - such as your name, full social security number, username, password, PIN or other...
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Tags: COVID-19, News, Phishing, Scam, Scammers, Security

4 Simple Financial Fitness Activities that Parents & Students Can Do at Home

4 Simple Financial Fitness Activities that Parents & Students Can Do at Home

Posted On: April 10, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks

4 Simple Financial Fitness Activities that Parents & Students Can Do at Home

With COVID-19 driving widespread closures of our nation’s schools, many parents are facing new obstacles that they hadn’t anticipated. While this looks different for everyone, many families are now challenged to deliver remote learning instruction to their children or keep kids occupied while juggling the demands of their job.

As the novelty of this “new normal” wears off, you may...

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Tags: COVID-19, Financial Wellness, Students, Tips & Tricks

5 Ways to Boost Your Financial Health Amidst COVID-19

5 Ways to Boost Your Financial Health Amidst COVID-19

Posted On: April 5, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks

5 Ways to Boost Your Financial Health Amidst COVID-19

Financial decisions can feel complex and hard even under normal circumstances. If the current market volatility has you questioning what are the “right” actions you should take now, you are not alone. Here are five concrete ways for you to jumpstart your financial wellness in the wake of the novel coronavirus.
 

Don’t touch your face or your 401k

Time for some facts. Markets fluctuate over time,...

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Tags: COVID-19, Financial Wellness, Tips & Tricks

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