Victory State Bank Points to Ways to Avoid Fraud; Part 2 of a 2-part series: What Not to Do to Avoid a Scam


STATEN ISLAND, N.Y. – Anyone who has ever been the target of fraud knows how devastating it can be. Yesterday, Victory State Bank informed you of what you could do to avoid a scam. Today, we present the Federal Trade Commission’s suggestions of what not to do. The following guidelines will help to ensure that your money stays safe:

What Not to Do

Don’t send money to someone you don’t know. Not to an online seller you’ve never heard of — or an online love interest who asks for money. It’s best to do business with sites you know and trust. If you buy items through an online auction, consider using a payment option that provides protection, like a credit card.

 

If you think you’ve found a good deal, but you aren’t familiar with the company, check it out. Type the company or product name into your favorite search engine with terms like “review,” “complaint,” or “scam.” See what comes up — on the first page of results as well as on the later pages.

 

Never pay fees first for the promise of a big pay-off later — whether it’s for a loan, a job, a grant or a so-called prize.

 

Don’t agree to deposit a check and wire money back. By law, banks have to make funds from deposited checks available within days, but uncovering a fake check can take weeks. You’re responsible for the checks you deposit: If a check turns out to be a fake, you’re responsible for paying back the bank. No matter how convincing the story, someone who overpays with a check is almost certainly a scam artist.

 

Don’t reply to messages asking for personal or financial information. It doesn't matter whether the message comes as an email, a phone call, a text message, or an ad. Don’t click on links or call phone numbers included in the message, either. It’s called phishing. The crooks behind these messages are trying to trick you into revealing sensitive information. If you got a message like this and you are concerned about your account status, call the number on your credit or debit card — or your statement — and check on it.

 

Don’t play a foreign lottery. It’s illegal to play a foreign lottery. And yet messages that tout your chances of winning a foreign lottery, or messages that claim you’ve already won, can be tempting. Inevitably, you have to pay “taxes,” “fees,” or “customs duties” to collect your prize. If you must send money to collect, you haven’t won anything. And if you send any money, you will lose it. You won’t get any money back, either, regardless of promises or guarantees.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 


Victory State Bank Points to Phony Government Calls

 

STATEN ISLAND, N.Y.—According to the Federal Trade Commission, recently there has been an upswing in insincere government phone calls asking receivers for money, specifically in the immigrant community. The caller insists on being sent money, claiming to be from a legitimate-sounding government agency.

Victory State Bank wants to help you spot fraudulent government calls and keep your money safe. Remember these tips:


1. The government will never call or text you to ask for money.

2. Use your instincts. If a call seems illegitimate, investigate.

3. Get in touch with a real contact from the government agency that supposedly called you. Alert them of the situation.

4. Be suspicious of any person asking to be wired money or to have money put on a rechargeable credit card. This is the same as sending cash, making the money almost impossible to track.

 

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Victory State Bank offers Self-Help Tips for Dealing with Debt


STATEN ISLAND, N.Y. -- If you are dealing with personal debt, you are not alone. At different stages of life, you may find yourself in a rough patch financially; be it crisis, health issues, or overspending. Victory State Bank would like to offer self-help solutions to help you back on your feet, as suggested by the Federal Trade Commission (FTC):

1.Develop a budget. Take a look at your monthly income and your monthly expenditures, rank them in order of necessity- take a hard look at where your money is going. There are many resources available for free, both online and at your local library, to help with budget making.

2.Be honest. Contact your creditors as soon as you realize you are falling behind. Work out a more manageable payment schedule before your debt is turned over to a collection agency.

 

3.Know your rights. Debt collectors must follow federal laws when contacting you. You should never be contacted before 8am, after 9pm, or while at work if your employer does not approve. You may not be harassed or lied to.

4.Manage your loans.call the local office of the Department of Housing and Urban Development or the housing authority in your state, city, or county for help in finding a legitimate housing counseling agency near you.

 

Self-help may not be the best approach for all situations. Before using a debt-relief service, it is recommended that you check with both your State Attorney General and local consumer protection agency to ensure you are working with a trusted and reputable service. 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Points to 20 Questions to ask Before Starting



STATEN ISLAND, N.Y. -- So, you want to start a business? Victory State Bank applauds your entrepreneurial spirit! If this is your first business endeavor, it can be challenging to focus your ideas in the right direction. The Small Business Administration lists these 20 questions to help you extract concrete information from ideas.

  1. Why am I starting a business?
  2. What kind of business do I want?
  3. Who is my ideal customer?
  4. What products or services will my business provide?
  5. Am I prepared to spend the time and money needed to get my business started?
  6. What differentiates my business idea and the products or services I will provide from others in the market?
  7. Where will my business be located?
  8. How many employees will I need?
  9. What types of suppliers do I need?
  10. How much money do I need to get started?
  11. Will I need to get a loan?
  12. How soon will it take before my products or services are available?
  13. How long do I have until I start making a profit?
  14. Who is my competition?
  15. How will I price my product compared to my competition?
  16. How will I set up the legal structure of my business?
  17. What taxes do I need to pay?
  18. What kind of insurance do I need?
  19. How will I manage my business?
  20. How will I advertise my business?


About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com


Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 Victory State Bank Offers Advice for Keeping Your Email Hack-Free



STATEN ISLAND, N.Y. -- You find your phone flooded with text messages from friends complaining about spam email messages they have received from you. Your social media platforms seem to have taken on a mind of their own, filled with content that you did not post. You have been “hacked.”

Victory State Bank recommends the following steps to help avoid putting your digital self at risk:

1. Use unique passwords for important accounts, such as bank information and email.

2. Safeguard your usernames and passwords; use common sense and trust your instincts as to who you share your information with.

3. Turn on two-factor authentication if your service provider offers it.

4. Use caution when clicking on links and attachments in emails; know your sender.

5. Only download free content and software from trusted Websites.

6. Remember, public computers are not private!

If you have already been hacked, there are steps you can take to reclaim your privacy and ensure that it does not happen again. Delete any malware and update your systems, change all of your passwords, contact your service providers for helpful information, and tell your friends to be aware of any corrupted messages.

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.