How to Open a Joint Checking Account: Your Complete Guide
Whether you’re newlyweds combining finances, long-term partners ready to share expenses, or family members managing household costs together, opening a joint checking account is a significant financial milestone. While the process may seem complex, understanding the steps and requirements can make it straightforward and stress-free. At Community Point Bank, we’re here to guide you through […]
Mortgage Scams to Avoid: Protecting Yourself When Buying or Refinancing a Home
Buying a home is one of the biggest financial decisions you’ll ever make. Unfortunately, it’s also a prime target for scammers. Mortgage scams are fraudulent schemes that trick homeowners or prospective buyers into losing money, property or sensitive personal information. Scammers often target financially vulnerable people with promises that are too good to be true […]
What Is a Financial Wellness Checklist and How to Create One?
Managing money can sometimes feel overwhelming, especially when you’re juggling bills, savings goals and long-term plans for retirement. A financial wellness checklist is a simple yet powerful tool that helps you take control of your personal finance, identify your priorities and track your progress toward financial success. In this blog, we’ll define financial wellness, explain […]
How to Adjust Your Budget for Inflation
Budgeting in an environment where inflation constantly creeps up on you can be frustrating. However, it doesn’t have to throw off your financial goals. Being proactive and taking control of your money can help you stay ahead of the line. Keep reading to learn how to account for inflation, adjust your budget and avoid lifestyle […]
What Does Member FDIC Mean for Banks?
Jump to: When you deposit your funds into a bank, you trust your money will be safe and available when you need it. The cash you need to pay your bills today and the funds you save for tomorrow are the result of your hard work and necessary for survival. Your relationship with your bank […]
Banking Technology: How to Freeze a Debit Card
Jump to: No one likes opening their bank transaction history and seeing that someone else made a purchase with their debit card. Unfortunately, debit and credit card fraud is an everyday concern for consumers and financial institutions alike. In 2022, $34.36 billion was lost globally to credit and debit card fraud. The first fraudulent purchase […]
What Is Your Credit Score Used For? Four Applications You Should Know
When working on your financial fitness, one of the first places experts say to look is your credit score. If you feel slightly lost when you hear the term, it’s okay; you’re not alone. A recent survey found that 31% of Americans don’t know their credit scores. Whether you’re looking for a new place to […]