Best Apps for Money Management

With the proper tools, it’s never been easier to build your financial literacy, monitor daily transactions, and grow your accounts to meet short and long-term savings goals.

Do you like to use technology to problem solve and create more efficiency in your life? If you said yes, then “fintech,” a term that describes the merging of tech and finance, is a good match for you. With an ever-growing number of money management apps, access to everything from personal accounts to global markets is at our fingertips. People of all ages from kids to retirees, as well as business owners, can not only get a detailed overview of their financial situation but have fun tracking every dollar and cent. With the proper tools, it’s never been easier to build your financial literacy, monitor daily transactions, and grow your accounts to meet short and long-term savings goals.

Whether it’s creating a budget, organizing your personal finances, saving for vacations and retirement, or managing your small business’ spending, all aspects of your money can be managed directly from your smartphone. We’ve identified some of the best personal finance, investment, business, and kids’ apps to streamline your time and resources. All are free to download and use unless otherwise noted.

Best Personal Finance Apps

From credit cards to bank and retirement accounts, our financial lives are complicated. Understanding what you have and how to make it work for you is critical. Whether you’re trying to improve your credit score before making your first home purchase, or you want to save for a vacation or big purchase, these apps can help you take those specific steps as well as basic ones like creating a budget.

Know Your Credit Score

As your credit score is the backbone of your financial life, consider downloading Credit Karma. It gives you a free copy of your credit report as well as advice on steps you can take to get your score where you want it to be. In this age of online security threats, Credit Karma also provides you with notifications to alert you to new activity reflected on your report.

Banking Apps

Your bank account is at the heart of all you do, from paying bills to buying lunch on the go. A sound banking app, such as F&M Bank’s Mobile Banking app will make you the master of your domain from the convenience of your phone or tablet.  Your account is kept safe via passcode or touch ID entry to the app, where you can view transactions, pay bills, deposit checks through mobile deposit, and transfer funds between F&M bank accounts. Using the F&M mobile app will not save any sensitive information to your phone.

Budgeting Apps

While on-the-go access to your accounts is essential, creating objectives for your money is just as critical. Squirrel is F&M Bank’s no-cost Personal Financial Management Tool and it enables you to track your spending, create budgets, and set goals. While you’ll need an F&M Bank online account login to use Squirrel, you can link your Squirrel account to other accounts you have such as a 401(k) or other retirement account. With access to 15,000 financial institutions, Squirrel provides you with a full financial picture, including a cash flow calendar and visual tracking of progress to your goals.

With a complete financial picture, including your total net worth after debts and assets are combined, Squirrel offers the same information as the mobile banking app as well as so much more. Don’t just watch your money go in and out on your account ledger. Take control and set goals for saving and debt repayment, check cash flow before making discretionary purchases, and feel empowered to take the steering wheel of your financial life

F&M Bank Squirrel App

Best Apps for Business Owners

Companies with a business checking account can also use their bank’s mobile app to keep track of daily transactions and cash flow.

Beyond you’re a business banking app, inDinero is a tax compliance and accounting app that compiles information from all of your business bank accounts and credit cards to present a clear, comprehensive view of your company’s spending. Discover where your money goes and when, and obtain forecasts of future spending based on current trends. inDinero allows you to gain insight into the total picture of your business’ finances. Plans start at $295/month.

To take the pain out of small business accounting, consider adding Freshbooks to your life. This software makes your billing process seamless and straightforward, creating attractive, professional invoices in seconds. You can track your time on projects and follow-up with clients directly from Freshbooks, freeing you from cumbersome paperwork and administrative tasks. Freshbooks allows you to track your expenses and, because it’s cloud-based, you can have a snapshot of all of your business expenses anytime, anywhere. After a 30 day free trial, Freshbooks offers monthly plans starting at $10.

F&M Bank Treehouse Club ScreenshotBest Money Apps for Kids

F&M Bank Treehouse Club makes saving fun.  Kids can access their savings account as well as play games designed to increase their financial literacy. The app makes earning and learning can be exciting for little ones.

PiggyBot is a virtual piggy bank to make savings a more hands-on experience for kids. They can feature photos of the items they are saving for in PiggyBot for additional incentive to keep adding to their bank, combining the popularity of picture-based platforms into the app.

How will you use “Fintech” to manage your money?

Whatever your current financial situation and future goals, the range of quality personal finance and business apps can make the path to a sound financial future easier and more manageable than ever. With just a few apps added to your tablet or mobile device, you can understand your money in new ways and, more importantly, make it work for you. F&M Bank customers, and those who would like to open an F&M Bank account, can take advantage of our free Personal Financial Management Tool, Squirrel. It’s just another way we fulfill our mission as a community bank to meet the needs of our customers and community by offering the best financial products.

Join the Treehouse Savings Club!

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Equifax Data Breach – FAQs

Concerned about the Equifax breach? See our FAQs to learn more about the breach and how to protect yourself.

Frequently Asked Questions

I’ve been hearing about the Equifax breach in the news. What happened?

Equifax, one of the three major credit bureaus, experienced a massive data breach. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people.

Was my information stolen?

If you have a credit report, there’s a good chance it was. Go to a special website set up by Equifax to find out: https://www.equifaxsecurity2017.com/. Scroll to the bottom of the page and click on “Potential Impact,” enter some personal information and the site will tell you if you’ve been affected. Be sure you’re on a secure network (not public wi-fi) when you submit sensitive data over the internet.

How can I protect myself?

  • Enroll in Equifax’s services.

Equifax is offering one year of free credit monitoring and other services, whether or not your information was exposed. You can sign up at https://www.equifaxsecurity2017.com/.

  • Monitor your credit reports.

In addition, you can order a free copy of your credit report from all three of the credit reporting agencies at annualcreditreport.com. You are entitled to one free report from each of the credit bureaus once per year.

  • Monitor your bank accounts.

We also encourage you to monitor your financial accounts regularly for fraudulent transactions. Use online and mobile banking to keep a close eye on your accounts.

  • Watch out for scams related to the breach.

Do not trust e-mails that appear to come from Equifax regarding the breach. Attackers are likely to take advantage of the situation and craft sophisticated phishing e-mails.

Should I place a credit freeze on my files?

Before deciding to place a credit freeze on your accounts, consider your personal situation. If you might be applying for credit soon or think you might need quick credit in an emergency, it might be better to simply place a fraud alert on your files with the three major credit bureaus.  A fraud alert puts a red flag on your credit report which requires businesses to take additional steps, such as contacting you by phone before opening a new account.

How do I contact the three major credit bureaus to place a freeze on my files?

Equifax: Call 800-349-9960 or visit its website.

Experian: Call 888-397-3742 or visit its website.

TransUnion: Call 888-909-8872 or visit its website.

Where can I get more information about the Equifax breach?

You can learn more directly from Equifax at https://www.equifaxsecurity2017.com/. You can also learn more by visiting the Federal Trade Commission’s web page on the breach at https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do. To learn more about how to protect yourself after a breach, visit https://www.identitytheft.gov/Info-Lost-or-Stolen.

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Ransomware

How We Protect Your Data from Ransomware
It is important to us to provide you timely information regarding the steps we take to protect our customers’ data in the event of a Ransomware attack.

It is important to us to provide you timely information regarding the steps we take to protect our customers’ data in the event of a Ransomware attack.

Criminals use Ransomware to hold your data hostage. They will typically include malware as an attachment in an email or as an embedded link in the email. The recipient opens the attachment or clicks on the link and the ransomware installs to their PC or laptop. The malware will quickly encrypt the data stored on the workstation and other network resources and, when the encryption is complete, demand a ransom from the victim, typically payable in bitcoin. The criminals will promise to provide the victim with the key to decrypt the data, but there are no guarantees. 

F&M Bank takes the following steps to protect our customers’ data from malware, especially Ransomware:

• The Bank trains its employees to recognize phishing email attempts and the Bank tests compliance with our polices on a quarterly basis.

• The Bank continuously patches and updates the operating systems of our workstations and servers.

• Software applications are patched to the latest versions and configured to reduce the risk of malware infection.

• Anti-virus software is installed to all workstations and servers and the virus signature files are continuously updated.

• We employ spam filters and secure email protocols to help prevent malware laden email from reaching our employees.

• An Intrusion Detection/Intrusion Prevention system also monitors traffic to alert the Bank and block malware infections.

• Web filters prevent employee access to sites known to host malware or other malicious material.

• The Bank performs daily backups of all customer data and the backups are segregated from the network to prevent a malicious encryption of the data.

We appreciate your trust in our financial institution. Please contact us online or at your nearby branch for any account-related questions you may have.

April is Financial Literacy Month

Pledge to Be More Financially Literate This Year

F&M’s Community Classroom is a free, online financial education program that helps you manage your money more effectively, make personalized decisions that strengthen your financial future and gain confidence in your financial knowledge. Access our Community Classroom during the month of April and enter for a chance to win a $25 Visa Gift Card or a 22 oz. Stainless Steel Tumbler!

Register For a Free Account to Get Started: https://atwork.everfi.net/fmbank

Two entries will be randomly drawn and notified by email on or about May 1, 2017. One winner will receive a $25 Visa Gift Card, and one winner will receive a 22 oz. Stainless Steel Tumbler. No purchase necessary to win.

Yahoo! Data Breach

Yahoo Data Breach – Precautions to Take

On September 22, Yahoo announced that 500 million of their accounts were hacked and are sold by internet criminals. Internet criminals can use this information in a variety of ways. For instance, they could send phishing emails claiming you need to change your Yahoo account, looking just like the real ones. If you are a Yahoo user or use the same user codes and passwords for different accounts, including a Yahoo account, consider taking these steps:

  • Open your browser and go to Yahoo. Do not use a link in any email. Reset your password and make it a strong, complex password or rather a pass-phrase.
  • If you were using that same password on multiple websites, stop doing so immediately. Using the same password all over the place is an invitation to get hacked. If you did use your Yahoo passwords on other sites, go to those sites and change the password there too. Also change the security questions and make the answer something non-obvious.
  • Use a free password manager that can generate hard-to-hack passwords, keep and remember them for you.
  • Watch out for any phishing emails that relate to Yahoo in any way and ask for information.

The Federal Trade Commission also offers a short video on handling data breaches and points consumers to the website IdentityTheft.gov/databreach for more information.

Browser update notice

Effective Monday, July 11, 2016, users attempting to gain access to online banking with Internet Explorer versions 7 or 8 will be unable to do so. Please update your browser to the latest version.

 

Online Banking Internet Browser Update

Our bank is pleased to present its website for all of our current and future customers to enjoy. The Internet is viewed through web browsers.

Our Online Banking program supports the latest version of Safari, Chrome, Internet Explorer and Firefox. Each time a new version of these browsers is released the bank encourages you to update your internet browser for the best online experience. Online Banking requires the latest browser version because of the increased security features. If you don’t have the more recent versions then you will not have access to these features as a precaution to protect your personal information.

Browsers can be downloaded for free by going to the browser provider’s website or by following this link: http://www.updatemybrowser.org/

All of these installs are several megabytes. If you have a dial up connection to the internet then we recommend you start your download before going to bed and it will be ready for you in the morning..

Please contact us if you have any questions.

 

Fraud Alert – November 10, 2016

FRAUD ALERT – Our fraud detection system notified F&M Bank of what appears to be a debit card fraud event occurring in the State of California this evening.

As a precautionary measure…

F&M has placed an auto restriction that requires the use of a PIN for transactions greater than $75 at merchants such as grocery stores and discount stores in the state of California.

To safeguard your accounts and your identity, learn more about F&M Bank’s Identity Theft Protection Services.

 

Heartbleed Vulnerability

Heartbleed Vulnerability
Farmers and Merchants Bank has reviewed our systems and confirmed with our software vendors that we are not currently a part of the Heartbleed Vulnerability being discussed in the media.

Farmers and Merchants Bank has reviewed our systems and confirmed with our software vendors that we are not currently a part of the Heartbleed Vulnerability being discussed in the media.  Our bank and its software providers do not use the Open SSL servers that have been compromised. While our customers do not need to take action due to this event, we do encourage safe online practices, such as changing passwords to online banking websites often.  F&M requires at least an annual password change but encourage customers to be proactive and change more often.  We also encourage customers to use separate passwords for each different website that you login to.  At a minimum do not use the same login password for their financial information such as online banking and investment websites as they do for other websites.  For more tips for safe online banking, click here.