USEFUL, SUPER-CONVENIENT, FLEXIBLE & FREE!
Checking accounts: Much more than just checking accounts!
JUNE 2024
A checking account is a primary financial tool – even for people who never write checks anymore. In fact, the checking account might benefit from a name-change since most people today use their checking account as their day-to-day money management hub with deposits coming in from various places and payments being made in various ways.
It started with ATMs, which were game-changers at the time. Now with Direct Deposit and online banking, it’s fair to say that using a checking account is completely customizable with options ranging from “old school” to very “high tech” … and everything in between.
Some people have a primary checking account and a 2nd separate checking account that they use for online transactions. That is something we definitely offer at Canton Co-operative Bank.
We also offer the very-popular Connections Checking account – a shared free checking account for young people ages 13-24 and their parents/guardians.
With Connections Checking, young people get Mobile Banking, Mobile Deposit, Direct Deposit, a debit card, unlimited free ATM surcharge rebates nationwide and more. Parents get co-ownership of the account along with the peace of mind that comes with being able to monitor spending and also being able to easily get money conveniently and safely to their kids anytime.
People with businesses usually have a business checking account. We also see a lot of local people with side businesses who like having a dedicated checking account like our Totally Free Business Checking Account to keep that income and expenses separate.
Having multiple free checking accounts has become so common because people really like the flexibility. If that sounds like something you’re interested in, come see us or call 781-828-8811 x5.
Very important! Please alert your family & friends to the dangerous “ Pig Butchering ” scam
The “Pig Butchering” scam is a cruel scam that targets people’s large sums of money, especially their home equity lines of credit and their retirement savings.
Victims are “fattened up” by a person who seems to be a friend. The “friend” never asks for money but tells the victim about an investment opportunity that appears to be legitimate. Unfortunately - as too many victims are discovering - the “opportunity” is a scam and their “friend” is a scammer.
Canton Co-operative Bank President & CEO Nick Maffeo recently wrote one of his Canton Citizen Smart About Money columns about the “Pig Butchering” scam. You can read that column here.
The bottom line: Withdrawing large amounts from your equity line or your savings for an “investment opportunity” is usually a red flag of a scam, especially when you heard about that “opportunity” from a new-ish online friend. Take the time to check it out very carefully before making any moves. Trusted local resources include your bank, the local police and the Canton Anti-Scam Task Force at 781-828-1323.
Everyone loves Shred Day!
We heard it many times on May 4th – how happy people were to be able to stop by the Bank and get their old documents securely shredded.
Thanks to everyone who came by and thanks for the more than 300 pounds of donations for the Canton Food Pantry, which they were thrilled to receive.
Photo on left - from left to right: Nick Maffeo, Mary Bocash, April McKee, Nichole Matrisciano
Photo on right - from left to right: Mary Bocash, Joe Tetrault, April McKee
Canton Co-operative Bank - safe and reliable since 1891.
Customers' deposits are insured 100% in full without limit by the FDIC and DIF.
Click here for more information.
(Click here if you'd like to sign up to automatically receive the "Good Ideas!" e-Newsletter!)