Financial Literacy is Key to Effective Money Management Former Federal Reserve Chairman Alan Greenspan once stated, “Financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions.” At Ireland Bank, we understand the importance of helping our community’s […]
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Online Shopping Scams – Holiday Edition ‘Tis the Season to Avoid Online Shopping Scams In 2023, the FBI’s Internet Crime Complaint Center (IC3) reported that Americans lost $309 million to non-payment and non-delivery scams. In these scams, buyers pay for products or services online, but never receive them. Conversely, sellers ship goods or provide services,
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Banks Never Ask That! Can you spot a scam? Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank, a loved one, the government or law enforcement. And in this time of expanded use of online and mobile banking, the problem is only growing. In
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6 Tips to Save for Your Down Payment Before you can make the transition from renting your home to owning your home, you will need to have a substantial down payment, typically 5 to 20 percent of the home’s value. The American Bankers Association suggests the following tips to help save for it: Develop a
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Money Management for Teens Former Federal Reserve Chairman Alan Greenspan once stated, “Financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions.” At Ireland Bank we understand the importance of helping our community’s youth build a strong
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Understanding Credit Scores What is a credit score? A credit score is a number that represents the risk a lender takes when you borrow money. Your credit score shows how likely you are to pay back money you borrow. Most credit scores range from 300 to 850. A higher credit score means you are predicted
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Tips to Improve Your Credit Request a copy of your credit score report – and make sure it is correct Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for loans – such as a mortgage. Everyone is entitled to receive a free copy of their
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Understanding Health Savings Accounts (HSAs) and Their Benefits What is an HSA? An HSA is a tax-advantaged savings account designed to help individuals with high-deductible health plans (HDHPs) save for medical expenses. The funds in your HSA can be used to pay for a wide range of qualified medical expenses, including doctor visits, prescriptions, dental
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What You Should Know About Gift Cards So you can enjoy giving and receiving Gift cards can be a convenient present for the holidays and special occasions. While they seem simple, it is important that both the giver and the recipient read the details for each card to avoid any misunderstandings, and there might be additional policies
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Beneficial Ownership Information As of January 1, 2024, the bipartisan Corporate Transparency Act requires many companies doing business in the United States to report information about the individuals who ultimately own or control them. The law was passed to curb illicit finance and protect U.S. national security. Filing is simple, secure, and free of charge.
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