Uncertainty is stressful and oftentimes scary. And, to say that things have been surreal lately would be an understatement. First Advantage understands that tensions might be running high. Please know that we continue to stand together with our communities through these challenging times and that most assuredly, your money is safe and secure.
As the COVID-19 virus spreads throughout the country, banks have noticed an increase in cash withdrawals. It’s important to understand that the safest place for your money is inside a bank.
“The safest place for your money is inside a bank. Banks will continue to ensure that their customers have access to funds either directly or electronically,” the FDIC said.
While fear may be impacting many financial decisions, the current crisis stems from the reaction to the coronavirus and not in any way a systemic banking problem.
Be aware that there are just too many risks involved when money is taken out of a bank instead of keeping it in an account. If money is lost, stolen or destroyed it is not insured and it cannot be replaced.
Deposits with an FDIC-insured bank or savings institution will continue to be protected up to at least $250,000.
Although many of our branches have limited operations during this time for the safety of our employees and customers, we’re proud to offer a broad array of personal and business solutions to keep your finances on track.
You can deposit checks from home, pay your bills online and more.
The Center for Disease Control and Prevention recommends contactless payments.
While we reconsider the cleanliness of cash: Options such as Bill Pay, Mobile Deposit and Popmoney (person to person payments) are all great alternatives.
Remember, we’re here for you! If you have questions or concerns, feel free to contact your local branch during regular business hours. We also have plenty of experts on hand to assist with any of our contactless options. Feel confident that we’ll be able to help, even if you’ve never used internet or mobile banking before.
Lastly, if you’ve been affected by COVID-19 related developments, contact us to discuss your individual situations and needs. Thank you for your continued partnership with First Advantage.
*Messages and data rates may apply to mobile options.