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Banking Tips for Small Business Entrepreneurs

From an original article by the Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) has an extensive list of banking tips for helping small businesses get the most from their banking relationships and avoiding frauds and scams. These tips cover everything from properly setting up deposit accounts and collecting payments to borrowing money and avoiding losses.
Here are just a few of the tips:

  • Know if all of your deposits are protected by FDIC insurance.
  • Don’t assume that the same rules apply to business cards and personal cards.
  • Establish a good payment record for your business.

To take a closer look at these helpful tips and more, read the full article.

Categories
Blog Business Fraud & Security

Protecting Your Mobile Device

Today’s smartphones are incredibly advanced, offering easy, convenient access to your email, bank accounts, social media and more. Unfortunately, criminals are also seeking access to your mobile device. The Georgia Bankers Association and American Bankers Association have some tips for keeping your information and money safe:

  • Use the passcode lock on your device.
  • Logout completely when you finish a mobile banking session.
  • Install mobile security software.
  • Use caution when downloading apps.
  • Download updates for your phone and mobile apps.

To learn more ways to protect your mobile device, click here.