Victory State Bank Warns of New Spin on Old Scam


STATEN ISLAND, N.Y. – Victory State Bank wants consumers to be aware of a new variation on an old scam.

According to Jennifer Leach, consumer education specialist at the Federal Traded Commission (FTC), the scam begins when an ususpecting person answers the phone.

The caller will say something like:  “Ma’am, I’m calling from the government. We’re about to send out national medical cards for the new Affordable Care Act. You’re one of the lucky people to get yours first, so I just need to confirm your name, address and phone number.  Oh, and your bank account number, too…”

Ms. Leach warns that this kind of scam pops up anytime there’s a big change in a government policy, or when a topic is in the news. 

Scammers use people’s uncertainty to try to get them to reveal personal information. From there, it’s not much of a leap to identity theft, with scammers racking up bogus charges on your credit cards, opening new credit cards in your name, even taking out loans in your name.

STAYING SAFE

You can protect yourself. If you get a call asking for your information, hang up. It’s a scam.

Government organizations and the legitimate groups you do business with have the information they need. They’ll never call to ask you for it.

If you get a call like this, Ms. Leach asks that you report it to the FTC.

The phone number on your caller ID – if there is one – or the name or location of the caller – is helpful information to investigators and professional fraud fighters. 

You can report it online or on the phone, toll-free, at 1-877-FTC-HELP.  Your report might help stop the scammers, and it could help keep others from being scammed.

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 Debt Collection Scam Warning

 

STATEN ISLAND, N.Y. – Victory State Bank would like to alert you to a fake debt collection scam warning from the Federal Trade Commission.

Be weary of any debt collector using threatening or abusive tactics to obtain money from you.

 

If you think that a caller may be a fake debt collector:

  • Ask the caller for his name, company, street address, and telephone number.
  • If a caller refuses to give you all of this information,do not pay!
  • Stop speaking with the caller.
  • Do not give personal financial or other sensitive information.
  • Contact your creditor. ReadDebt Collectionfor a list of your rights.

 

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: Debit Cards’ Consumer Protection

Differs From Credit Cards

STATEN ISLAND, N.Y. -- Although both credit cards and debit cards are easy ways to pay for your purchases, debit cards have some different levels of consumer protection and the potential for consumer fees.

The government Web site USA.gov explains that debit cards are directly connected to your bank account, so when you swipe your card make sure that you have the money in your account to pay immediately.

If you don't have enough money in your account, your bank may "loan" the money and pay the overage. However they may charge you up to $35 for this courtesy, even if the dollar amount the bank covered was small. There may also be fees applied to your card when you use your card with your PIN.

Debit cards don't offer as much protection against fraudulent use, or if your card is lost or stolen. Also, if you need to dispute a purchase, you are in a weaker position because the merchant already has the money and it will only be returned if you win the dispute.

Another fact to keep in mind is when you use your debit card to make reservations for hotels or rental cars, a hold is placed on your debit card (and your checking account) which can affect your other pending transactions. Even if the hold is removed, it may take as long as a week to make the funds available to you again.

For more information about debit cards, visit http://www.usa.gov/topics/money/banking/atm-debit.shtml.

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 Vexing Texts

STATEN ISLAND, N.Y. – Victory State Bank would like to alert your attention to the following texting scam warning from the Federal Trade commission (FTC):

Who doesn’t like to get something for free? That’s what scammers are hoping when they send out messages like this:

You've been selected for a free $1000 giftcard!

Enter the code 'FREE' at yourfavestore.com.shop.biz to get it now.

Only 112 left! Text OUT to stop.

But if you do as the text says, you’ll end up at a website that requires you to give up your personal information to claim your “free” gift. Once you’ve shared your information, the site pushes you to sign up for more than a dozen risky trial offers (which aren’t free) to qualify for the supposedly free gift card they promised you.

Here is what to do if you receive a spam text:

  • Delete it! In fact, get rid of any texts asking you to confirm or provide personal information. Legitimate companies don’t ask for information like account numbers or passwords by text or email.
  • Don’t reply, and don’t click on links provided in the message. Links can install malware and take you to spoof sites that look real but whose purpose is to steal your information.
  • Don’t give out any personal information in response to a text. A spammer may want access to your Social Security number, credit card numbers, and bank and utility account numbers to open new accounts in your name.
  • Report spam texts to your carrier. AT&T, T-Mobile, Verizon, Sprint or Bell subscribers can copy the original text and forward it to 7726 (SPAM), free of charge.
  • Review your cell phone bill for unauthorized charges. Report them to your carrier

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 onlinehttp://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://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: Review Your Budget, and Update as Needed

STATEN ISLAND, N.Y. – Victory State Bank is reminding consumers and business owners alike that budgets aren’t carved in stone. Budgets are important; however, there are times they need to be adjusted to reflect changes in finances.

A budget is a tool to help you plan, prioritize, and manage your income and expenses. Review your budget often and update it when you are experiencing a change in income and expenses.

Victory State Bank suggests that everyone create a budget, and follow these useful tips from the Federal Trade Commission:

  • Write down your monthly take-home pay. Or if you’re out of work, your unemployment compensation. If you’re in sales – or work on commission – you may have to estimate, since your income may vary from month to month. List income you receive from any source, like a part-time job, a tax refund, gifts, unemployment, public assistance, dividends, and alimony or child support. Add the entries to determine your actual income for that month. Keep in mind, some of these amounts may fluctuate.
  • List how much you deposit in savings each month from your take-home income, even if it’s only a small amount.
  • List your fixed monthly expenses – the predictable, set amounts for the must-have items and services that you pay for each month – like rent or mortgage, car payment, and telephone, cable, or Internet access.
  • List your variable expenses – the amounts that change, as well as the expenses you pay weekly, monthly, quarterly, semi-annually, or every year – like groceries, clothing, haircuts, property taxes, auto and homeowners insurance, and gas and electric.
  • List estimates for once-in-a-while expenses – like birthday and wedding gifts, or holiday gifts and entertainment.
  • Total your fixed and variable expenses and divide by 12 to get a monthly estimate.
  • If after paying your bills and putting money in savings, you still have funds, you can carry over the balance for the next month or use it for unexpected expenses. If this month’s balance is negative, look for ways to cut back on the variable expenses.

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.