Marcie Geffner – The News Desk

6Sep

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Money

You’ve Lost Your Debit Card. Now What?

Whether you misplaced your wallet, think you left your card at a bar or fear you've been pickpocketed, realizing you can't account for your debit card can induce panic. Taking quick action can help to ensure no one empties your checking account."The maximum potential loss increases drastically if you do not report it either before any loss is incurred or within two business days of realizing that your card has been lost or stolen," says Erik M. Baskin, founder and financial planner at Baskin Financial Planning in Cheyenne, Wyoming. "Your bank account can definitely be zeroed out if you do not report this loss quick enough."What to Do When You've Lost Your Debit CardWhat should you do first? Freeze or cancel your card. If you have the ability to "freeze" your card (i.e., put it on hold) w...

What Is a Voided Check and When to Use One

Checking accounts aren't all about checks. They can also be used to receive direct deposits and make automated payments. These transactions can simplify your finances and give you more control over your deposits and withdrawals.In some cases, you can set up automated transactions online. In other cases, though, you'll have to fill out some paperwork and provide a voided check, which contains your bank's routing number and your account number on it.Here's what you need to know to provide that voided check.What Is a Voided Check?A voided check is a paper check that has the word "VOID" written across the front of it. How to Void a CheckIf you have to provide a voided check, you don't have to request one from your bank or credit union. You can just detach a check from your supply and write "V...

Protect Your Money From Zelle Scams

Zelle is an electronic person-to-person payment service offered by many U.S. banks as an alternative to nonbank P2P services, like PayPal or Venmo. Zelle is convenient, safe, secure and usually free if you have a bank checking or savings account.Those benefits combined with Zelle's near-instant and irreversible transactions make the service popular not only with consumers, but also scammers, who've used Zelle to steal millions of dollars from consumers' bank accounts. Users lost an estimated $440 million to Zelle scammers in 2021, according to Zelle parent company Early Warning Services. Find out how to protect yourself from Zelle scams and what to do if you lose money.How Does Zelle Work?Zelle is easy to use. To send funds, all you need to do is log in to your bank's online banking servi...