First Federal Bank Blog

The start of a new year is a time many look to make financial changes. Perhaps you wish to save more in 2025. Maybe you need to take a fresh look at your budget. Review ways to shore up your retirement funds. But have you thought about evaluating your financial institution? Banking experts have a few suggestions for ways you can ensure your...

Whether you still receive paper statements, or access them online, how closely do you review yours each month? According to banking experts, there are five things you don’t want to ignore on your statement. AOL breaks down the key aspects of these essential documents:

Whether you’re a newly minted solo entrepreneur or a long-time business owner who’s going through tough times, you might find your company needs a little extra money. Before you dip into your personal savings to make ends meet, consider the benefits and drawbacks:Pay less in interestIf your business is strapped for cash, your personal savings...

If you’ve got a growing enterprise, you may want to give your staff members the power to make purchases. Whether they’re wining and dining clients or buying paint brushes and flooring to fix up an investment property, a business credit card can give your employees a convenient way to make transactions on behalf of your company. However, there are...

Advanced technology spurs financial fraud. As businesses find quicker ways to optimize the payment process through automation, active fraud prevention becomes necessary. Positive Pay is a tool to help protect your business.

Growing a business involves its share of uncertainty, and that may include finding yourself at a point where you don’t have the means to cover operating expenses and needs. A business line of credit is a viable option to help you find your way out of a tough spot, and offers some advantages that may make it the preferable alternative to a...

Business accounts help you separate your business finances from personal finances, which is an important step for protecting your private funds and avoiding trouble with the IRS. In fact, Financer.com manager Lorien Strydom says, “as soon as you decide to start spending or accepting money as a business, you should open a business bank account.”...

Digital communications have revolutionized the banking industry, changing the ways customers interact with their financial institution and their money. Here are some of the key benefits of digital communications for banking customers:

An emergency fund for your small business is a smart investment. By having some savings on hand, you can help your company weather economic downturns, a loss of patronage, and unexpected expenses. However, it can be a bit overwhelming to set savings goals, carve out money from your company budget, and plan for all the ups and downs your business...

When you deposit money into your account via cash or check, it can take some time before those funds are available to you. If you’ve ever wondered why, the explanation is quite simple.