Your life is mobile—and now your bank is, too!

After many months of hard work and development, the app is out of the bag: we’re mobile!

Community Bank of the Chesapeake is proud to announce the launch of our new Mobile Banking app —designed to help you have access to your finances at your fingertips, 24-7. Available for both the iPhone and Android, the app makes it possible for you to bank wherever and whenever is convenient.

When you download the free app from your app store, here are some of the features you’ll be able to take advantage of:

 

Community Bank of the Chesapeake Mobile Banking App

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Security: Payday Loans and Cash Advances

Payday Loan AlternativesYou’ve probably heard radio advertisements promising, “Easy credit with immediate approval!” Or maybe you’ve come across online ads declaring, “The money you need is just a click away,” while visiting your favorite websites. These enticing offers, known as cash advances or payday loans, can be far more complex and problematic than you might think.

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Which card should you use: Debit, credit or prepaid?

Credit, Debit or Prepaid Charge CardsWhen’s the last time you wrote a check? If you’re like most people, checks are a thing of the past and you’re using either a credit card, a debit card or a prepaid card for the majority of your purchases, online or in person. But, if you use these cash-substitute cards interchangeably, you could be inviting problems.

The safest bet is to know which card to use in different situations. Here are some helpful hints.

Use a debit card
• For convenience
It is a lot safer than carrying a lot of cash and quicker than writing checks. It’s great for smaller, everyday purchases. But, be sure you don’t spend more than you have in your account, or overdraft fees could end up costing you big time.

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Mobile Devices: Stay Safe on the Go

MobilePhoneShoppingDo you use your smartphone or tablet to text friends or conduct business via email? Or maybe you have a hard time remembering what it was like not having eBay or Amazon.com at your fingertips? As you rely more and more on your mobile device for these and other functions, make certain you are taking the proper precautions to keep you and your mobile device safe. Continue reading

Why women need to be more financially savvy

Women Financial EducationAccording to a report in USA Today, it is predicted that 80% to 90% of women will be solely responsible for their finances at some point in their lives, either because of divorce or other circumstances. Which begs the question – are you ready?

If you are like the majority of women in the United States, the answer is probably “no.” So what can you do to prepare? It’s easier than you might think:

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Are you affected by the sequester?

SEQUESTERThe effects of sequestration are being felt by every sector of our economy. Fortunately, helpful tools are available for those impacted by the recent round of federal belt tightening.

Job Opportunities

Thinking of transitioning into a new career or securing a second job to help offset a drop-off in earnings? The Southern Maryland JobSource is fully equipped with all the resources necessary for a successful job hunt. With three offices and a Mobile Career Center, job search tools, training and career advice are all available under one roof and free of charge.

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Personal Finance Tips

Could your money management skills use a little fine-tuning? Are phrases like tax filings and interest rates impetus for headaches and confusion? Good news – now is the perfect time to enhance your financial IQ, as April is National Financial Literacy Month!

Business Minded

Regardless of your income level, think of yourself as a business; look at the amount of money you take in, add up all your expenses, and see where you stand. Viewing your financial situation from this perspective can help you run your own personal “operations” more efficiently. Are there opportunities to cut wasteful spending? Or maybe your savings rate isn’t quite as robust as it should be? This exercise can help you see where and how you allocate funds on a regular basis and provide you with opportunities to increase your personal bottom line.

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5 Tips for Protecting Your Checking Account

When it comes to protecting your checking account, who better to give advice than the Board of Governors of the Federal Reserve System, headed up by Chairman Ben S. Bernanke?

The Board’s advice may sound familiar, but it’s better to listen twice than get burned once. From “don’t talk to strangers” about your account to “know your rights” under the law, these tips are worth reviewing.

Not sure what the Federal Reserve Board does, or how the Federal Reserve System works? Check out In Plain English: Making Sense of the Federal Reserve on the website of the Federal Reserve Bank of St. Louis.