Digital banking can be confusing if you remember a time when the internet didn’t exist. Now, all your finances occur in the digital realm, and many of the terminologies used may sound similar. We want to help clear up that confusion by explaining what an electronic check is and how it works.
First Federal Bank
Recent Posts
Are Smoothies Healthy?
From health gurus to fitness magazines, you’ve probably seen a vast and varied array of opinions surrounding the humble smoothie. Some nutritionists recommend them as an easy way to get more fruits and vegetables into your diet. Other experts condemn the fruit-filled drinks as a source of excess calories and sugar. Here’s a look at the pros and...
Topics: Lifestyle
A Guide on Endorsing a Check Properly and Securely
Knowing how to endorse a check is one of the foundational financial skills you need to have. This simple process ensures money goes where it needs to and helps protect you against fraud.
Topics: Personal Banking, Financial Education
How Much of Your Income Should Go to Housing Expenses?
It’s easy to fall in love with the grandeur of a home or the amenities and hip location of an apartment or condominium. So easy, in fact, it may blind you to its cost — a cost that may exceed your budget. Before you start searching for a home and falling in love with a dwelling, you should figure out how much you can afford to spend on a space.
Topics: Financial Education, Homeowners, Mortgages / Home Equity
What's Ahead For Mortgage Rates This Week - November 14, 2022
Last week’s scheduled economic news included readings on monthly and year-over-year inflation and the University of Michigan’s preliminary reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.
Topics: Homeowners, Mortgages / Home Equity
Is a Standing Desk Worth It?
If you’ve noticed more of your peers using standing desks, you may have had the thought that you might be missing out on the hot new thing. Standing desks have had a surge in popularity of late, but they’re no fad — they promote better habits, have tangible health benefits, and change the way you work for the better.
Topics: Lifestyle
How Does Bankruptcy Affect Your Loan Debt?
Filing for bankruptcy is a last-resort legal tool for individuals who are overwhelmed with bills and drowning in debt they can’t pay. If you’re considering bankruptcy, here’s a closer look at how it will affect the loan balances you owe:
Topics: Financial Education
First Federal Bank Voted as Best Bank
First Federal Bank is honored to have received the 2022 recognition of “Best Bank” in 5 of its service areas; this is in addition to having been named by Newsweek as America’s the Best Small Bank in Florida for 2022. As a community-based mutual institution headquartered in Lake City, FL, the bank is owned by its customers rather than stockholders,...
Topics: First Federal News
5 Benefits of Stretching
Stretching is an important component of physical fitness. You may already know stretching regularly can enhance your flexibility, but it has other benefits too, like decreasing your risk of injury and improving overall health. Let’s take a look at five benefits of stretching:
Topics: Lifestyle
The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites.