BankCherokee Latest News

Heartbleed bug - BankCherokee secure websites not affected by the Heartbleed bug.

As you may be aware, a dangerous flaw has been discovered in the key safety feature for surfing secure websites, specifically, the feature that keeps your private information hidden. It’s called the Heartbleed bug and it creates a hole in the encry...

Don’t let your PC go unprotected - Windows XP Support is ending on April 8, 2014

What does it mean if my version of Windows is no longer supported?An unsupported version of Windows will no longer receive software updates from Windows Update. These include security updates that can help protect your PC from harmful viruses, spyware, a...

ALERT: Target Stores Data Breach

We encourage you to monitor your account(s) for any suspicious or unusual activity.This message is in regard to the recent data breach Target experienced which may have affected customers using their debit or credit cards from November 27 through December ...

ATM Safety: Common Sense Tips for Combating Crooks

The article below comes from the FDIC Consumer News website. Click here if you'd like to view the article via the FDIC website.ATM Safety: Common Sense Tips for Combating Crooks ATM manufacturers and financial institutions go to great lengths to p...

Your Access to Free Credit Reports

The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion – to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promo...

Is your company keeping information secure?

Are you taking steps to protect personal information? Safeguarding sensitive data in your files and on your computers is just plain good business. After all, if that information falls into the wrong hands, it can lead to fraud or identity theft. A sound da...

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

    Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-bearing Transaction AccountsBy operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (inc...

BankCherokee donates bikes to 12 local non-profits.

 Earlier this year BankCherokee employees participated in a team building exercise that involved building bikes. Not only was it a great way to strengthen relationships between employees, but it also provided an opportunity for the Bank to strengthen ...

Congresswoman Betty McCollum Announces St. Paul Neighborhoods Receive $459,000 in Housing Grants

 Click here to view this announcement on Congresswoman Betty McCollum's website. Today, Congresswoman Betty McCollum announced that St. Paul neighborhoods recieved $459,000 in housing grants through the Federal Home Loan Bank of Des Moines Af...

Important Change to U.S. Savings Bonds

  Planning to buy a savings bond?  Paper savings bonds will no longer be sold at financial institutions after December 31, 2011. But they' re not going away - electronic savings bonds can be purchased online through TreasuryDirect. ...

How to protect your identity.

Your identity is one of the most valuable things you own. It’s important to keep your identity from being stolen by someone who can potentially harm your good name and financial well-being. Identity theft occurs when someone uses your name, address, ...

Important Notice: Debit Card after hours fraud monitoring.

BankCherokee has partnered with our Debit Card issuer, First Data, to provide after hours fraud monitoring.  In certain instances, First Data may contact you to discuss card activity in order to determine if it is legitimate or if the c...

Community Neighborhood Housing Services offering Home Improvement Loans to St. Paul Neighborhoods.

Home Improvement Loan CNHS has been awarded funds from the City of St. Paul for Home Improvement Loans. These funds are available to homeowners who are at or below 80% of median income based upon HUD guidelines and homes must be owner occupied.  ...

E-mail Claiming to Be From the FDIC

The article below comes directly from the FDIC's website. Click here if you'd like to read the article on the FDIC's website. Otherwise, you can read the article below:The Federal Deposit Insurance Corporation (FDIC) has received numerous repor...

E-mail Claiming to Be From the FDIC

The article below comes directly from the FDIC's website. Click here to see the actual article. The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FD...

Get Inspired to Buy Local and "Keep it in the Neighborhood!"

The Riverview Economic Development Association (REDA) is proud of the commitment of local West Side business owners! Not only do they play a crucial role in sustaining our vibrant local economy but they also are committed and dedicated to supporting e...

PHISHERS USE FAKE CALLER ID NUMBERS

In a new phishing scam, con artists are using phony caller ID numbers to solicit personal information and money. Thanks to the phony caller IDs, the "spoofers" are able to convince victims that they're receiving a call from their bank.  ...

Consumer Alert - Suspicious Telephone Calls Claiming to Be From the FDIC

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of suspicious telephone calls where the caller claims to represent the FDIC and is calling regarding the collection of an outstanding debt. To date, the callers have alleged tha...

Check out Bank Owned Properties for Sale

We’ve added Bank Owned Properties for Sale to our website. Take a look and let us know if you are interested in any of the properties listed. Some of the properties are listed by a Real Estate Agent and you can contact the agent directly. Other prope...

BankCherokee eStatements are here - sign up today!

eStatements are the quickest and safest way to view your BankCherokee account statement. An eStatement is an electronic means of receiving your regular monthly or quarterly account statement(s) — absolutely FREE. Instead of receiving a paper statemen...

Treasury Direct

At Treasury Direct you can:Purchase securities directly from the U.S. Treasury. Set up and manage an account.Get information about your Treasury securities and find out if they're still earning interest. Learn how to purchase Treasury securities.  ...

FDIC Consumer News

FDIC increases deposit insurance coverage to $250,000.00 - Calculate your coverage with EDIE the Estimator.
On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, which, in part, permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. Consumers and bankers can find additional information regarding FDIC’s deposit insurance coverage through the use of the FDIC’s Electronic Deposit Insurance Estimator (EDIE) and deposit insurance publications located on the FDIC’s website “Are My Deposits Insured?” In addition, they can call the FDIC at 1-877-ASK-FDIC (1-877-275-3342)

In these uncertain economic times, it is more important than ever to balance financial risk, financial reward, and financial safety.  FDIC-insured deposits can play a key role in your financial strategy. 

The link below will introduce you to EDIE the Estimator, an FDIC tool that helps calculate insurance coverage limits.  You may be surprised at the total amount of insurance available to you!

EDIE the Estimator can calculate your FDIC insurance  coverage  for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits.

The information you get from EDIE is only as accurate as the information you enter. So: 

BEFORE YOU BEGIN, HAVE A LIST OF:

-All the deposit accounts you have at FDIC-insured banks

-Current balances

-Names of all account owners and beneficiaries

 

FOR BUSINESS ACCOUNTS, ALL OF THE ABOVE, PLUS:

-Name of the business

-Employer Identification Number (EIN)


Click here, to visit EDIE the Estimator.

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