Savings, Savings, Savings

 

Staten Island’s only community-based commercial bank reminds you that April is Financial Literacy Month

  

STATEN ISLAND, N.Y.April is financial literacy month, and what a better way to celebrate than starting a savings plan.

No matter your stage of life, it’s important to have savings: Whether it’s for a special purchase, a college education, your first home, retirement, or an emergency fund. But just how do you get started and stay on course? The FTC recommends the following savings tips:

  • Create abudget. The first step toward taking control of your financial life is to evaluate how much money you take in and how much money you spend.
  • Pay yourself first. Consider a payroll savings plan where a certain amount goes directly into your savings account each payday.
  • Get to know the value ofcompound interest. It’s the interest you earn on your initial investment plus all the interest that accumulates over time. It makes your investment grow at a faster rate than simple interest, which is interest earned only on your original investment.
  • Keep it going. If you get a raise at work, bank it. If you pay off your car, bank the monthly payments. If you’re not sure you’ll remember to make the deposits, consider automated transfers from your checking account to your savings or investment account. That way you never even notice it. If you were able to live on less before, you can continue to.

 

 

About Victory State Bank:

VSB Bancorp, Inc. (OTC: 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

Mobile:917-715-8761

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

 

 

Fake IRS collectors are calling; Part 2

 

Staten Island’s only community-based business bank shares how to protect yourself from IRS scam

  

STATEN ISLAND, N.Y.This time of year is often taxing for many consumers. Scams aimed at stealing taxpayers’ money make the season more stressful.

The Treasury Inspector General for Taxpayer Administration (TIGTA) warns that crooks posing as Internal Revenue Service (IRS) officials are contacting people claiming they owe taxes. The caller demands a prepaid debit card, wire transfer or a credit card number for payment. If the person doesn’t comply, the caller threatens to arrest or deport the target, or take away their driver’s license or business.

Thousands of victims have lost money to these tax scam artists. But there are ways to recognize them and foil their attempts to steal your money.

To protect yourself from imposters who call, claiming to be from the IRS:

 

 

 

About Victory State Bank:

VSB Bancorp, Inc. (OTC: 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

Mobile:917-715-8761

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

 

  

Beware of Malware

 

Staten Island’s only community-based commercial bank warns against malicious software emails

   

STATEN ISLAND, N.Y.Malware is short for “malicious software." It includes viruses and spyware that get installed on your computer, phone, or mobile device without your consent. These programs can cause your device to crash and can be used to monitor and control your online activity. Criminals use malware to steal personal information, send spam, and commit fraud.

If you get an unknown email like this, delete it. Don’t click on any attachments or links. If you’re not sure whether it’s real, you can always contact the court, company, or agency it claims to be from directly.

But what if you already clicked on the attachment?

Stop shopping, banking, and doing other online activities that involve user names, passwords, or other sensitive information.

Update your security software, and then run it to scan your computer for viruses and spyware. Delete anything it identifies as a problem. You may have to restart your computer for the changes to take effect.

If your computer is covered by a warranty that offers free tech support, contact the manufacturer.

If you can’t solve the problem on your own, consider hiring a company — some are affiliated with retail stores — that offers tech support on the phone, online, at their store, and in your home.

 

 

About Victory State Bank:

VSB Bancorp, Inc. (OTC: 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

Mobile:917-715-8761

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

 

Fake IRS collectors are calling; Part 1

 

Staten Island’s only community-based commercial bank highlights fake IRS scam threat

  

STATEN ISLAND, N.Y.This time of year is often taxing for many consumers. Scams aimed at stealing taxpayers’ money make the season more stressful.

The Treasury Inspector General for Taxpayer Administration (TIGTA) warns that crooks posing as Internal Revenue Service (IRS) officials are contacting people claiming they owe taxes. The caller demands a prepaid debit card, wire transfer or a credit card number for payment. If the person doesn’t comply, the caller threatens to arrest or deport the target, or take away their driver’s license or business.

Thousands of victims have lost money to these tax scam artists. But there are ways to recognize them and foil their attempts to steal your money.

These scammers often:

 

  • call you. But when the IRS contacts people about unpaid taxes, they do it by postal mail, not by phone 
  • use common names and fake IRS badge numbers
  • know the last four digits of your Social Security number
  • demand payment via a prepaid debit card or wire transfer. The IRS doesn’t ask for either of these payment methods, nor will they ask for credit card numbers.
  • rig caller ID information to appear as if the IRS really is calling
  • send fake emails that look like legitimate IRS correspondence
  • make a second call claiming to be the police or department of motor vehicles, rigging the caller ID information  

 

 

About Victory State Bank:

VSB Bancorp, Inc. (OTC: 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

Mobile:917-715-8761

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

 

Laptop Security; Part 2

   

Staten Island’s only community-based business bank highlights the “Don’ts” of laptop security

 

STATEN ISLAND, N.Y.A minor distraction is all it takes for a laptop to vanish. If it goes missing, all the valuable information stored on it may fall into the hands of an identity thief. Keep these tips in mind when you’re out and about with your laptop:

The Don’ts

Don't leave it — even for just a minute.

Your conference colleagues seem trustworthy, so you're comfortable leaving your laptop while you network during a break. The people at the coffee shop seem nice, so you ask them to keep an eye on it while you use the restroom. Not a good idea. Don't leave your laptop unguarded — even for a minute. Take it with you if you can, or at least use a cable to secure it to something heavy.

Don't leave your laptop in a car.

Parked cars are a favorite target of laptop thieves. If you have no choice and you must leave it in your car, keep it locked up and out of sight.

Don’t put your laptop on the floor.

No matter where you are in public — at a conference, a coffee shop, or a registration desk — don’t put your laptop on the floor. If you must put it down, place it between your feet or up against your leg so you remember that it’s there.

Don’t keep passwords with your laptop or in its case.

Remembering strong passwords or access numbers can be a challenge. However, leaving them in your laptop carrying case or on your laptop is like leaving your keys in your car. Don’t make it easy for a thief to get to your personal or corporate information.

 

 

About Victory State Bank:

VSB Bancorp, Inc. (OTC: 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

Mobile:917-715-8761

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