We will be CLOSED Thursday, July 4th in observance of INDEPENDENCE DAY.

Any transactions after closing Wednesday, July 3, 2024 will post to your account on Friday, July 5, 2024. *This affects all ACH files & wire transfers.

6 MONTH CD SPECIAL | 4.81% APY*

STOP IN TO ANY OF OUR LOCATIONS TO OPEN YOUR CD TODAY!

*APY is Annual Percentage Yield. Percentage reflected is based on Minimum investment amount of $50,000. The stated APY rate is accurate as of May 1, 2024. A penalty may be imposed for early withdrawal. Fees could reduce the earnings. View all rates here.

Banking Safety Center

Protect yourself from criminals who may try to steal your personal or financial information by being aware of trending scams.

Imposter scam

These scammers will contact you pretending to be your financial institution, a government agency such as the IRS, Medicare or even a charitable organization and trick you into sending money or providing personal or account information. These scams can be very sophisticated and seem quite real.

Tip for spotting this scam: Watch out for anyone reaching out to ask for personal information to verify your account or asking for payment via gift cards, wire transfers or person-to-person transfers. Legitimate companies will not call to ask for your personal information or for payment.

Urgency scam

Urgency scams trick you into taking advantage of an unbelievable deal or collecting a prize, giving you a tight time frame in which to act. Their tone is urgent, and they want to steal your personal or financial information by asking you to do things like create an account or verify a password.

Tip for spotting this scam: Reputable companies or organizations won’t pressure you to react with tight time constraints or countdown clocks. If an email is asking you to act fast for the deal of a lifetime or to accept a prize, take pause. Avoid clicking on any links until you verify if the email is legitimate through a secondary source.

Phishing scam

Phishing scams are official-looking emails, text messages or social ads meant to trick you into giving your personal or financial information. Because these appear to be from your bank or other known companies, they can be very effective in tricking you into sharing information.

Tip for spotting this scam: Look out for generic greetings, misspellings of words, grammatical errors or variations of logos or names of known companies. Avoid clicking links or downloading files as these can deliver malware to your device. Phishing scams can lead to identity theft.

Utility scam

These scammers will call you pretending to be a service provider such as an electric company and attempt to pressure you into sending a payment to avoid having your service turned off. These scams can appear very real and are effective because the urgent tone may pressure you into acting quickly.

Tip for spotting this scam: Utility companies will never ask you to make last-minute payments, especially over the phone or email. If making a payment over the phone, call your utility provider directly.

Support Specialist scam

Scammers pretending to be a Technology Specialist from a known company try to steal your information by gaining access to your account or device. These scammers want to trick you into thinking that your computer or device is damaged and ask for remote access or for your account information to help you resolve the issue.

Tip for spotting this scam: Support specialists from legitimate companies do not cold-call to help you fix an issue with your device or account, nor will they ask you to download an app or request access to your device.

Pay Yourself scam

This scam is often a text or an email that looks like a fraud alert from your bank asking if you authorized a transaction. If you respond, they’ll call as a bank representative offering to help you stop the alleged fraud and ask you to send money to yourself via transfer or person-to-person payment. Because they look like a real bank fraud alert and the incoming call can seem legitimate, these types of scams seem very convincing.

Tip for spotting this scam: Your bank will never call you to verify information or ask you to send money to yourself or anyone. Do not give out any personal information over the phone or through email.

Helpful tips to keep your personal information safe

Choose unique passwords

Pick phrases that are easy for you to remember and add capital letters, numbers and symbols to bolster its strength and update passwords every 90 days. Avoid repeated passwords for different logins.

Use two-factor authentication when available

This safety measure sends a code to your phone or email for a two-step login process that ensures you’re the only person accessing your account and all pertaining sensitive information.

Avoid public Wi-Fi and computers

Avoid using public Wi-Fi and computers to access your banking app or any other account that can be susceptible to getting
breached, like your email.

Sign up for alerts

Get notifications when a purchase above a certain dollar amount is made or whenever money is withdrawn from the account.

Never give out personal information

Unless you’re certain that you’re communicating with a trusted company, do not give any sensitive information over the
phone. It may be a phishing scam.

Avoid clicking links in suspicious emails, text messages or landing pages

It’s best to type out the whole URL of the website you’re logging on to and avoid clicking on links found in emails if you’re
not sure who they’re from.

Protect your devices from attack

Always use strong passwords. Use security software such as antivirus protection and firewalls. Keep your operating system and browsers
up to date since these updates can fix security issues.

Only download the official GSB Mobile app

Only use our official mobile banking app linked from our website to your Android or Apple app provider. Never download our
app from an open source.

How our online banking and mobile banking app help to

keep your money and personal information secure

Bill Pay

Bill Pay provides you with the security and convenience of managing and paying bills without worrying about checks getting lost, sorting through mounds of paper or buying stamps. Pay all your bills from one place.

Transfers

Transfer funds between accounts and financial institutions from one convenient place. Move money where you need it easily and securely without the hassle of visiting multiple banks, writing checks or waiting for wire transfers.

AutoPay

Offers convenience and control. You can manage and set up recurring bills and eBill payments with the peace of mind of knowing that your bills are paid securely and on time every month. Change or cancel recurring payments anytime.

Learn about scams that are targeting you and your family members

Youth | Age 17 & younger

Social media scams

Social media is used by scammers to steal information through fake surveys, events or contests. They may also try posing as an unknown person trying to befriend teens with the intention of stealing personal information or taking their money.

Tip: Make sure teens set social media accounts to private so information and pictures are not easily accessible. It is important to talk to them about the risks of sharing personal or account information with someone they do not know.

Cellphone freebies

Scammers will lure teens through social media with “free” ring tones, wallpapers, gift cards or other items so that they opt into their services. These services often have hidden, expensive monthly subscriptions that youth bankers oftentimes don’t realize they’re subscribing to.

Tip: Talk to your youth banker about how to research companies and that they should never share information by creating an account or opting into free trials that require payment information upfront.

Online auctions

Teens are tricked into bidding and paying for items that never arrive. Alternatively, scammers trick teens into sending items to sell but never receive their payment, or the auction never takes place.

Tip: Help your teen learn how to research any company or auction site thoroughly before participating in the biddings to make sure it’s legitimate. Help them to review and monitor transactions that you have approved.

Students & Young Adults | Age 18-29

Online Income scams

Scammers hook their victims with the promise that they’ll earn quick and easy money right from their home. To apply, they must either send payment for the application or they’re sent a fraudulent check and required to transfer a portion of the check to the company.

Tip: Walk away from any job offers that require you to pay money upfront.

Debt-Related scams

Scammers reach out to individuals who may be enticed by the promise that they can get their debts reduced or forgiven – for a one-time fee.

Tip: Reputable lenders will not require upfront payment. If they charge a fee, it will be deducted from the loan amount.

Fake Sale Listing scams

Goods, services and housing are listed on job or community boards for very low prices that seem too good to be true. Once the victim sends payment, what was promised never arrives or never existed.

Tip: Research companies that make offers that are too good to be true and never give out any personal information or send payments to anyone you do not know.

Adults & Parents | Age 30-59

Property Foreclosure Rescue scams

Posing as lenders, loan servicers, etc., scammers will promise to refinance property at a better rate or stop a foreclosure. However, they’ll ask for a steep upfront payment or trick victims into signing documents that transfer the property to predatory companies.

Tip: Be wary of “lenders” who pressure you to act fast into deciding quickly or say they can guarantee stopping a foreclosure. Always research companies thoroughly.

Debt Collection scams

Scammers posing as law enforcement or debt collectors try to collect a debt that’s not actually owed. They may go as far as threatening jail or even violence to receive payment but refuse to show any written proof of the debt.

Tip: Do not offer any kind of financial information to anyone calling to collect a debt unless you initiate contact first.

Lending scams

Like an upfront fee scam, lending scams happen when a victim thinks they’re applying for a loan through an online lender or lender app. Scammers entice victims with guaranteed approval even with bad or no credit but require paying upfront fees as “insurance” or for “processing fees.”

Tip: Be cautious of any lenders who claim to guarantee a loan approval. Reputable lenders will have a set of requirements they abide by.

Older Adults & Grandparents | Age 60+

Government Impersonation scams

Scammers use scare tactics to force individuals to wire money, send a prepaid credit card, gift cards or cashier’s check by pretending that they’re a trusted individual from a government agency like the Social Security Administration or the IRS.

Tip: Any government agency will first contact you through the mail, never by phone or email.

The Grandparent scam

Scammers trick the victim by pretending to be family, a bail bondsman or an emergency service, notifying that their grandchildren are in dire need of money. They ask for funds to be sent through person-to-person payments or wire transfers.

Tip: Do not answer phone calls from numbers that you don’t recognize; let the call go to voicemail. Use a separate source such as the internet or a reverse phone lookup search engine to verify the company. Companies will not call or email you and ask for a cash payment to help a relative.

Counterfeit Prescription Drug scam

Scammers entice the elderly with promises of prescription drugs or “miracle” drugs that can cure certain ailments at a majorly discounted rate but oftentimes the medication never arrives.

Tip: If purchasing prescriptions online, make sure they’re approved by the National Association of Boards of Pharmacy. It is best to always consult your physician.

Keep up to date on scams and data breaches

Banking Safety Center FAQs

Corporate Account Takeover (CATO) is a type of business identity theft where cyber thieves gain control of a business’ bank account by stealing employee passwords and other valid credentials.  Thieves can then initiate fraudulent wire and ACH transactions to accounts controlled by the thieves.  It is important for businesses to take extra precautions to safeguard their computers and login credentials to prevent fraudulent transactions.  Below is list of external sources with information and best practices to help safeguard against a potential compromise.

Internet Crime Complaint Center (IC3) “Fraud Advisory for Business” is a helpful document to better understand Corporate Account Takeover and how to best prevent it and educate your employees.

The Better Business Bureau’s website provides information on their website on data security and important cyber security.

Federal Trade Commission (FTC) is a national resource to help you deter, detect and defend against identity theft.

NACHA – The Electronic Payment Association’s website provides tools, resources and sound business practices to help businesses mitigate Account Takeover risk.

1. The FDIC does not directly contact bank customers (especially related to ACH and wire transactions, account suspension, or security alerts), nor does the FDIC request bank customers to install software upgrades. Such messages should be treated as fraudulent and the account holder should permanently delete them and not click on any links.

2. Messages or inquiries from the Internal Revenue Service, Better Business Bureau, NACHA, and almost any other organization asking the customer to install software, provide account information or access credentials is probably fraudulent and should be verified before any files are opened, software installed, or information is provided.

3. Phone calls and text messages requesting sensitive information are fraudulent.  If in doubt, account holders should contact the organization at the phone number the customer obtained from a different source (such as the number they have on file, that is on their most recent statement, or that is from the organization’s website). Account holders should not call phone numbers (even local prefixes) that are listed in the suspicious email or text message.

We’ve assembled a variety of excellent resources that can help you learn more about privacy and security issues.  Please note that these sites are not associated with Grinnell State Bank and that by using them you are governed by their own privacy policies.

Identity theft resources  

Online Fraud Resources

Credit score monitoring resources

  • Free Annual Credit Reports–Information provided by the FTC on how you can request and receive a free copy of your credit report every 12 months from each of the national credit reporting companies.
  • Equifax–Website of one of the 3 largest American credit reporting agencies.
  • Experian–Website of one of the 3 largest American credit reporting agencies.
  • TransUnion–Website of one of the 3 largest American credit reporting agencies.

Additional privacy and security resources

    • Federal Deposit Insurance corporation (FDIC) consumer Protection–Offers a variety of information for consumers on financial topics, form understanding financial privacy to filing complaints.
    • OnGuardOnline.gov–Information from the federal government about avoiding scams, securing your computer and protecting kids online.
    • Privacy Rights Clearing House–A nonprofit consumer organization focusing on both information and advocacy.The PRC’s goals include raising awareness of how technology affects personal privacy and empowering consumers to take action to control personal information by providing practical tips on privacy protection.

Below is a list of possible issues your computer may have if it has been compromised

    • Inability to log into online banking (thieves could be blocking customer access so the customer won’t see the theft until the criminals have control of the money.)
    • Dramatic loss of computer speed
    • Changes in the way things appear on the screen
    • Computer locks up so the user is unable to perform any functions
    • Unexpected rebooting or restarting of the computer
    • Unexpected request for a one-time password (or token) in the middle of an online session
    • Unusual pop-up messages, especially a message in the middle of a session that says the connection to the bank system is not working (system unavailable, down for maintenance, etc.)
    • New or unexpected toolbars and/or icons
    • Inability to shut down or restart the computer

Secure your computer

Here are some ways you can secure your computer to help protect your information.

Equip your computer with:

  • Comprehensive spyware and virus-protection software.
  • Up-to-date browser software.
  • Firewall software that prevents unauthorized users from gaining access to your computer or monitoring transfers of information to and from the computer

Consider installing:

  • Anti-keylogging software that can detect hidden keystroke logging malware and encrypt the keystrokes made on your computer keyboard
  • Be sure to download software or applications form well-known or trusted sources.  You should download and install any operating system and software updates (sometimes called patches or service packs) in a timely manner.

Monitor your account activity

Checking your account activity frequently can help to detect fraud earlier.  You can receive information quickly about activity in your accounts when you set up Alerts.  In addition to Alerts that are automatically already turned on for your protection, you can set up additional Alerts to stay on top of your balances, payments and transactions.

Create strong passwords

  • Avoid the use of personal information like birthday or a pet’s name
  • Don’t choose passwords using dictionary words, names or parts of names, phone numbers, dates, etc.
  • Chose passwords that aren’t easy to guess
  • Never share them or write them down
  • Choose a different password for each account.  For example, using the same password on bank accounts and social media may increase risk of identity theft or fraud.
  • Create passwords per the website requirements

Browse safely

  • To help ensure you’re on the real Grinnell State Bank site before you sign in, check your browser bar.
  • Ensure proper security settings are in place like up-to-date antivirus software as well as updated applications and operating systems
  • Be cautious about downloading applications.  Only install applications that come form trusted, well-known sites
  • Understand the risks of using public or free Wi-Fi and sending information over unprotected connections
  • Turn on the browser’s pop-up blocker
  • Avoid accessing financial accounts from multiple computers or devices
  • Never proceed with processing an online shopping transaction if a certificate error is received.  If multiple errors occur and the transaction can’t be completed, consider calling the company or finding another company that offers the same product.
  • Don’t select “remember passwords”.  If this is chosen, anyone with access to your computer can sign-in as you.
  • Don’t allow websites to keep credit or debit card information

Be smart about social networks

  • Think before you share personal information.  Don’t share what you don’t want to be forwarded or seen by the public.
  • Resist the temptation to post out-of-town plans, “check in” at physical locations or post vacation photos while you are away from home
  • Avoid posting photos that reveal an address or a specific location
  • Set privacy settings to allow only friends to see content
  • Only accept requests from actual friends

Stay informed

Follow internet security issues in the news and discuss them with friends, family and colleagues.  Explore online resources like the National Cyber Security Alliance and Microsoft Security At Home websites that provide comprehensive information about topics such as securing your computer and safe online behavior.

Phishing and spoofing 

Phishing and spoofing emails ask you to go to a fake website that looks like Grinnell State Bank and provide your account information.  These emails may even ask you to call a phone number and provide account information.

Ways to identify phishing and spoofing emails include:

  • Requests for personal information.  Grinnell State Bank emails will never ask you to reply in an email with any personal information, account numbers or login credentials.
  • Urgent appeals.  We will never claim your account may be closed if you fail to confirm, verify or authenticate your personal information via email.
  • Messages about system and security updates.  We will never claim the need to confirm important information due to upgrades and state that you much update your information online.
  • Offers that sound too good to be true.  For example, you may be asked to fill out a short customer service survey in exchange for money, then be asked to provide your account number to receive the credit.
  • Obvious typos and other errors.  These are often the mark of fraudulent emails and websites.  Be on the lookout for typos or grammatical errors, awkward writing and poor visual design.
  • Odd-looking URLs.  Many mail programs will display the destination URL of a link when you place your cursor on the link.  (Caution:  Do not click the link.)  They often include URLs that include a legitimate company’s name or website address.

Why criminals send fraudulent email

One of the ways criminals try to trick people into providing personal account information for identity theft purposes is to send email that appears to have been sent by Grinnell State Bank, but has been sent by the criminal.

The phone email asks you to go to a website that looks like Grinnell State Bank site, but is a site the criminal has set up asking you to provide your personal account information.  Sometimes the email may ask you to call a phone number and provide account information.

Ways to protect against phishing and spoofing:

  • To help ensure you’re on the real Grinnell State Bank site before you sign in, check your browser bar for www.grinnellbank.com, green text/shading or a lock icon.
  • Delete any suspicious email you receive before click any inks or replying to it.

Malware

Malware, short for malicious software, includes viruses, spyware and Trojans that are designed to infiltrate or damage a computer system, steal personal information and commit fraud.  There are several easy ways you can minimize malware risk:

  • Never download any file or attachment unless you are certain what it is and who provided it
  • Never click on an advertisement that asks for personal or financial information
  • Update your security and system software to protect your computer from malware threats

Vishing

Vishing uses Voice over Internet Protocol (VoIP) to leave an automated recording on your phone that says your account has experienced unusual activity.  The message instructs you to call what appears to be a Grinnell State Bank phone number (in fact, the caller ID has been fooled into displaying “Grinnell State Bank”).  Sometimes criminals also end emails and text messages containing fraudulent phone number.  Rather than provide any information, you should contact us immediately to verify the validity of the message.

Fake Mobile Banking apps

Criminals may develop and publish fake mobile banking applications that look like official Grinnell State Bank apps but are in truth designed to steal your online banking credentials.  Here are tips for recognizing an unofficial Grinnell State Bank app.

  • The developer or author of the applications is not Fiserv Solutions, Inc.
  • The app is being promoted on a third-party site, somewhere other than the official app store for your mobile device
  • There is a charge for downloading the app—Grinnell State Bank does not currently charge for mobile app downloads.

To help protect your accounts and information, never download or install a Grinnell State Bank Mobile Banking app if you spot any of these warning signs.

SMShing

SMShing and smishing are like phishing (which typically happens via email), but take place via SMS text message.  A criminal sends you a text message that tries to trick you into replying with financial or personal information or clicking on links that will sneak viruses onto your mobile device.  Don’t respond to a text message that requests personal or financial information.  Grinnell State Bank will never ask you to provide your information in this way.

Lost and stolen devices

Mobile phones and tablet devices offer convenience, but they’re also easy to lose or steal, which can put your information at risk.  Here are some ways you can protect yourself now in the even your device is lost or stolen later:

  • Password-protect your device so it can’t be accessed unless the password is entered
  • Enable an automatic screen locking mechanism to lock the device when it’s not actively being used
  • Consider using a remote wipe program that gives you the ability to send a command to your device that will delete any data
  • Keep a record of the device’s make, model and serial number in case it’s stolen

Traditional online threats

Viruses, malware and other programs intended to steal your personal information or financial details can infect some mobile devices.  If your table supports a traditional anti-virus product, consider installing that software.  Backup the device’s data and keep the copy in a safe and secure location.  This will allow you to restore your data in the event you need to wipe the device clean to remove a harmful software threat.

A data breach is an incident in which sensitive, protected or confidential data has potentially been viewed, stolen or used by an individual unauthorized to do so. Data breaches may involve personal health information (PHI), personally identifiable information (PII), trade secrets or intellectual property.

Things to know if you are a victim of a data breach:

The actions you’ll need to take will depend on the type of data compromised.

  • If affected, you should receive a letter—via mail or email—telling you exactly what information was exposed and when. Federal law requires banks to inform customers of breaches; 46 states have laws mandating that other companies do the same, though large firms typically contact all customers regardless of state residency.
  • (Bear in mind that “phishing” scammers often take advantage of breaches, purporting to be from the breached company in hopes of getting people to reveal personal information. So to be safe, don’t click through any emails or take any direct phone calls, but visit the official company website to learn about the breach and access help.)
  • Notices—even legitimate ones—tend to be reassuring in tone, but don’t be fooled. Nearly one in three data breach victims also became a fraud victim in the same year, reports Javelin Strategy & Research.

If the compromised data was…

  • …A password Change your password for that account immediately. If you use the same code for other accounts, change those as well.
  • …Email address Watch your inbox for messages requesting information or requesting you to click on a link. If you receive a suspicious email from a company you do business with, call the sender to verify that they did indeed send it.
  • …Credit card number Call the creditor and ask for a new card with a new number. Some creditors will automatically reissue cards to affected customers in wide-scale breaches. Know however that because the number rather than the card itself was stolen, you are not liable for any authorized purchases under the Fair Credit Billing Act.
  • …Debit card number Since the card was not lost, you are not liable for any unauthorized transactions if you report them within 60 days of receiving your statement. Still, you should cancel the card and change your pin. If the bank account number was also exposed, close the account and open a new one with a new number. Consider asking for a verbal password, too, which prevents bank personnel from discussing your account with anyone unable to provide that password.
  • …Social Security number. Contact one of the three major credit reporting agencies and have them place a fraud alert on your account. That agency will then be legally bound to notify the other two agencies to do the same. An alert lets lenders know to take extra care verifying personal information before issuing credit and entitles you to a complimentary credit report from each agency. Review this for suspicious activity. You should also place a credit freeze on your account, which will prevent a credit reporting company from releasing your credit report or score without your consent.

Sometimes the letters from breached companies also contain offers for free credit report monitoring provided by the company. While these programs are not generally worth paying for—since you can monitor your own credit for free—you may as well accept it if it’s being handed out. Monitoring services will alert you to some uses of your SSN quicker than you may be able to spot through your credit report, meaning you can resolve any problems quicker.

If you believe you’ve been a victim of a social engineering scam or any type of fraudulent activity, contact us immediately to protect your account.

You can also report social engineering scams to:

The U.S. Computer Emergency Readiness Team (US CERT)

The Federal Trade Commission (FTC); forward phishing emails to spam@uce.gov

Internet Crime Complaint Center (IC3)

Here are some ways to help you protect your Social Security number:

  • Carry only necessary identification with you.  Don’t carry your social security card
  • Never provide your Social Security number unless you have initiated the contact and have confirmed the business or person’s identity
  • Do not use your full or partial Social Security number as a Personal Identification Number (PIN) or as a password
  • If you must send your Social Security number in an email, ensure that the email is encrypted
  • Only enter your Social Security number into internet websites when the site is secure and you know how the recipient will protect it
  • Be cautious of your surroundings when disclosing your Social Security number into internet websites when the site is secure and you know how the recipient will protect it
  • Do not transmit your Social Security number over the Internet unless you know that the connection is secure or you have encrypted the Social Security number
  • Be cautious when faxing your Social Security number, double check the fax number to ensure it is the correct number
  • Do not record your Social Security number on a check, traveler’s check, gift certificate, money order or other negotiable instrument unless required by law.

Elder abuse (also called “elder mistreatment,” “senior abuse,” “abuse in later life,” “abuse of older adults,” “abuse of older women,” and “abuse of older men”) is “a single, or repeated act, or lack of appropriate action, occurring within any relationship where there is an expectation of trust, which causes harm or distress to an older person.”

It is generally divided into the following categories:
  • Physical abuse is physical force that results in bodily injury, pain, or impairment. It includes assault, battery, and inappropriate restraint.
  • Sexual abuse is non-consensual sexual contact of any kind with an older person.
  • Domestic violence is an escalating pattern of violence by an intimate partner where the violence is used to exercise power and control.
  • Psychological abuse is the willful infliction of mental or emotional anguish by threat, humiliation, or other verbal or nonverbal conduct.
  • Financial abuse is the illegal or improper use of an older person’s funds, property, or resources.
  • Neglect is the failure of a caregiver to fulfill his or her care giving responsibilities. Self-neglect is failure to provide for one’s own essential needs.
Financial abuse is the fastest growing form of elder abuse.  Elder financial abuse spans a broad spectrum of conduct, including:
  • Taking money or property
  • Forging an older person’s signature
  • Getting an older person to sign a deed, will, or power of attorney through deception, coercion, or undue influence
  • Using the older person’s property or possessions without permission
  • Promising lifelong care in exchange for money or property and not following through on the promise
  • Confidence crimes (“cons”) are the use of deception to gain victims’ confidence
  • Scams are fraudulent or deceptive acts
  • Fraud is the use of deception, trickery, false pretence, or dishonest acts or statements for financial gain
  • Telemarketing scams. Perpetrators call victims and use deception, scare tactics, or exaggerated claims to get them to send money. They may also make charges against victims’ credit cards without authorization.
Who are the perpetrators?
  • Family members, including sons, daughters, grandchildren, or spouses.
  • Predatory individuals who seek out vulnerable seniors with the intent of exploiting them.
  • Unscrupulous professionals or businesspersons, or persons posing as such.
Who is at risk?

The following conditions or factors increase an older person’s risk of being victimized:

  • Isolation
  • Loneliness
  • Recent losses
  • Physical or mental disabilities
  • Lack of familiarity with financial matters
  • Family members who are unemployed and/or have substance abusers problems
What are the indicators?

Indicators are signs or clues that abuse has occurred. Some of the indicators listed below can be explained by other causes or factors and no single indicator can be taken as conclusive proof. Rather, one should look for patterns or clusters of indicators that suggest a problem.

  • Unpaid bills, eviction notices, or notices to discontinue utilities
  • Withdrawals from bank accounts or transfers between accounts that the older person cannot explain
  • Bank statements and canceled checks no longer come to the elder’s home
  • New “best friends”
  • Legal documents, such as powers of attorney, which the older person didn’t understand at the time he or she signed them
  • Unusual activity in the older person’s bank accounts including large, unexplained withdrawals, frequent transfers between accounts, or ATM withdrawals
  • The care of the elder is not commensurate with the size of his/her estate
  • A caregiver expresses excessive interest in the amount of money being spent on the older person
  • Belongings or property are missing
  • Suspicious signatures on checks or other documents
  • Absence of documentation about financial arrangements
  • Implausible explanations given about the elderly person’s finances by the elder or the caregiver
  • The elder is unaware of or does not understand financial arrangements that have been made for him or her
Resources if you suspect Elder Abuse

Sign your cards immediately

Sign the signature panel on your credit and debit cards as soon as you receive them.

Monitor your debit card transactions

Grinnell State Bank offers GSB Card Control, an app which will allow you to setup alerts on your debit card activity, so you can easily monitor your purchases.  Signing up for GSB Card Control is easy, download the GSB Card Control app in the App Store or Play Store.

Check your statements

Save the receipts from your charges and keep them in a safe location.  Check your statements to verify that they properly reflect the amounts you have authorized.  Report any fraudulent transactions immediately.  Once you have reconciled your statements, shred up all receipts and discard them.

Go paperless with Online Banking

Access your Grinnell State Bank statements through Online Banking and ask us to stop sending paper.  Checking your balances and viewing your account statements online is safer than having information sent through the mail.

Keep a list of all your card account numbers

Keep the list in a safe and secure place and include the telephone numbers to call if your cards are ever lost or stolen.

Use ATMs safely

Use ATMs with surveillance cameras and be aware of people and your surroundings.  When you enter, or exit an ATM in an enclosed area, be sure you close the entry door completely.  Do not open locked ATM vestibule doors for others or allow any unknown persons to enter the ATM area while you are making your transaction.  Shield the ATM keypad with your hand or body while entering your PIN.  Secure your card and cash after completing your transaction and before exiting the ATM area.  Count your cash later in the safety of your locked car or home.  Your ATM/Debit card is like cash, so keep it in a safe place

Always be cautious

Never provide credit or debit account information to anyone who calls you.  Grinnell State Bank will never reach out to you in this way to request sensitive account information.

As more people bank and shop online, proper internet security is more important than ever.  Safeguarding your information can be as simple as consistently reviewing your bank accounts and reporting any suspicious activity.  But there are a number of other things you can do to stay safer online.  Here are ten tips to help protect you and your money.

  1. Use strong passwords.  A strong password (one that is not easily guessed by human or computer) will have eight or more characters, including letters, numbers and symbols.  Make sure to use different user IDs and passwords for you financial accounts and for any other sites you use online.
  2. Be mindful of the numbers you use.  Don’s use any part of your Social Security number (or any other sensitive information, such as credit card numbers or birthdays) as a password, user ID or personal identification number (PIN).  If someone gains access to this information it may be among the first things used to get into your account.
  3. Look out for strange emails.  Don’t respond to emails that claim to be from your bank (or any other company) requesting your account details.  No bank is ever likely to approach you this way to ask for personal information.
  4. Beware of email attachments.  It’s never a good idea to click on email attachments or free software from unknown sources.  You could end up exposing your computer (and the information on it) to online fraud and theft.  Keep in mind that links you receive in emails or in messages on social networking sites can be harmful or fraudulent, even if they appear to come from friends.
  5. Watch how much you share online.  The more you post about yourself on social networking sites, the easier it might be for someone to use that information to access your accounts, steal your identity and more.  Maximizing your privacy settings on social networking sites can also help protect your personal information.
  6. Be careful about what (and where) you click.  Look for security-enabled website addresses that start with “https” (the extra “s” indicates security).  These sites take extra measures to help secure your information.  This is particularly important if you’re making purchases using your credit or debit card.  If you receive requests for personal information while surfing the web, or calls for immediate action, these are almost always scams.  Avoid clicking on suspicious links. They might give you a virus or steal personal data.  If the link was sent to you, talk to the sender directly to verify where it came from.
  7. Secure your smartphone.  Many mobile devices give you the option of locking your screen, which helps keep data stored on them secure.  Depending on your phone, this can come in the form of a passcode, a pattern you draw on your phone’s touch screen or even your fingerprint.
  8. Don’t keep sensitive information on your phone.  Sensitive information includes your bank account numbers, identification information, passwords and other personal details such as answers to your security questions.  If you bank via our mobile app, don’t worry.  We won’t expose your account information or passwords.
  9. Think before you download apps.  It’s a good idea to review the privacy policy and understand what personal data an app can access before you download.  It’s best to purchase or download apps from authorized stores.
  10. Keep your technology up to date.  Make sure to update your computer’s operating system, your internet browser and the software on your mobile devices.  Updates generally include the lastes security patches.  Be sure to also use antivirus and anti-spyware software:  These programs help find and remove malicious programs from your computer.

By following these online and mobile security tips, you can help protect your personal information from falling into the wrong hands.  If you suspect information related to your bank account has been compromised, contact us immediately for assistance addressing the issue.

Free Public Wifi is everywhere.. hotels, airports, coffee shops, restaurants and even stores; but should you use it?

Experts advise that you should never enter personal and confidential information into your phone or laptop while using public wifi and to avoid public wifi altogether when dealing with confidential information. This includes credit card information, logins, passwords, etc. Hackers can set up a bogus wifi access and name it “free public wifi” and have instant access to your phone or laptop once you connect.

A business offering wifi access that requires a password, that is a much safer bet; but you are usually much better off waiting to do anything with sensitive information until you are on your cellular service or at home.

If you notice your card is lost or stolen during normal bank hours, please contact the bank. If it is outside of normal bank hours, please call 800-383-8000, to report your card lost or stolen with Shazam, our debit card company.

With more commerce occurring online the Cybersecurity and Infrastructure Security Agency (CISA) reminds shoppers to remain vigilant. Be especially cautious of fraudulent sites spoofing reputable businesses, unsolicited emails claiming to be from charities, and unencrypted financial transactions.

CISA encourages online holiday shoppers to review the following resources:

 

If you believe you are a victim of a scam, consider the following actions:

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