view as webpage 

Pays for A’s Winners for 2023-2024 School Year

Congratulations to last semester’s Pays for A’s winners for the second semester of the 2023-24 school year (all randomly drawn) were as follows from the following area schools:

Nina McMillen

(MVAOCOU)

Leah Boysen

(Exira EHK)

Soleil McCool

(Tri-Center)

Sara June Christensen

(IKM-Manning)

Breckyn Manz

(HCSD)

Ella Hoffman

(OABCIG)

Each of these students received a $100 scholarship savings account from SCSB.

Additionally, two $1,000 scholarship savings account grand prizewinners (also randomly drawn) were:

Addison Mohr

(OABCIG High School)

Vivian Schleimer

(Harlan Community High School)

Scholarship winners announced every semester

SCSB rewards hardworking middle school and high school students every semester with our “Pays for A’s” program. To enter, students can bring their semester report card to any SCSB branch to submit their “A” grades for scholarship entries. Entrants will receive a $5 Gift Card as well as scholarship entries for every "A" they’ve earned. Scholarship drawing winners are awarded a $100 Scholarship Savings Account and are randomly drawn among the SCSB’s six area schools, in conjunction with other surrounding area schools.

At the end of the school year, all eligible entries are combined for a final Grand Prize Drawing for one of (2) $1,000 Scholarship Savings Accounts. Please contact Janet Buman at 712-755-5112 or jbuman@scsbnet.com with any questions about the SCSB “Pays for A’s” program.

 

Digital Wallets: Fastest Growing Payment Method in the U.S.

You've probably heard about digital, mobile, and virtual wallets a lot recently. But just exactly what are digital wallets? Whichever of those names you've heard, they all mean the same thing. Basically, digital wallets are a convenient way to pay for goods and services without having to carry around your physical credit or debit cards. They work by storing your card information in an app on your smartphone. When you make a purchase, you can simply tap your phone on a contactless reader to pay.

 

There are many different digital wallets available, including Apple Pay, Google Pay, and Samsung Pay. The one you choose will probably largely depend on what kind of phone you have. Let's go over all the basics of virtual wallets and how to keep your information safe.

 

The Benefits:

  • Digital wallets make it easy to pay for purchases without having to dig through your wallet for your credit or debit card.
  • They give you 24/7 card access – use your digital wallet to make payments at any time, day or night.
  • Your credit card information is stored securely so you don't have to worry about it being stolen.

Things to keep in mind when using a digital wallet:

  • This may be a given, but make sure your phone is always charged. You won't be able to use your digital wallet if your phone is dead.
  • Keep your digital wallet app up to date. This will help to protect your credit card information from security vulnerabilities. It's also important to keep your phone's security settings up to date. 
  • Use a strong password or PIN to protect your digital wallet app. 

 

Here are some of the most popular digital wallets:

  • Apple Pay: Apple Pay is a digital wallet that is available on Apple devices. 
  • Google Pay and Samsung Pay: Google Pay and Samsung Pay are digital wallets for Android devices. While Samsung is specifically for Samsung phones, Google works with any Android phone.
  • PayPal: PayPal is not a true contactless payment method, but it can be used to make payments at some merchants that accept contactless payments.
  • Venmo: Venmo is a digital wallet that is primarily used for peer-to-peer payments. However, it can also be used to make payments at some merchants that accept contactless payments.
  • Zelle®, like Venmo, is used most often used for peer-to-peer payments. The difference is, Zelle® is built into many banking apps. This allows you to use your banking app — the one you primarily use for all your banking needs — to send and receive money quickly. 

Whichever virtual wallet you go with, remember to be as vigilant and safe as you are with your plastic cards. If you have questions about virtual wallets or any of your banking needs, a Personal Banker from SCSB would be happy to answer them.

 

 

Has Your Business Completed Required Beneficial Ownership Reporting?

As of January 1, 2024, domestic and foreign reporting companies will be required to report their beneficial ownership information or information for each beneficial owner of your company to FinCen (Financial Crimes Enforcement Network).

Since May 11, 2018, FinCEN required all financial institutions to begin collecting information on beneficial owners of an entity at the time a new account was opened. SCSB will continue to collect or review this information with you.


Why do companies have to report Beneficial Ownership Information (BOI)?

Most companies in the U.S. are legitimate businesses, but criminals can use companies to provide cover for money laundering, corruption, tax evasion, drug trafficking, fraud, and other crimes. This illegal activity hurts innocent people and legitimate businesses, including small businesses.


Which companies will have to report BOI?

While certain types of entities are exempt, if you are a small corporation or LLC, you will likely be required to report your beneficial ownership information to FinCEN. A key factor in determining whether your company will have to report is whether you had to file a document with your state's secretary of state or a similar office to create your company or, for foreign companies, register it to do business in the United States.

Visit www.fincen.gov/boi and review the qualifying criteria before concluding that your company is exempt.


When and how should you file an initial beneficial ownership information report with FinCEN?

If your company is created or registered before January 1, 2024, file by January 1, 2025. Otherwise, file within 90 calendar days of receiving actual or public notice from your state's secretary of state or similar office that your company was created or registered. FinCEN will begin accepting reports electronically January 1, 2024.

Failure to comply with the new requirements may result in fines and potentially criminal charges, therefore it is beneficial for businesses to complete the reporting in a timely manner. Businesses with questions about the upcoming reporting requirements may contact FinCEN at: www.fincen.gov/contact. We recommend you reach out to your tax accountant for further assistance.

This is an advertisement.
 
Privacy Policy | Security Statement
 
To ensure delivery of our emails to your inbox, please add email@email.lauritzencorp.com to your address book.

You have received this email because you provided your email address to Shelby County State Bank. If you would prefer not to receive marketing-type email from us, please click on this Unsubscribe link to change your email preferences. Please allow up to 10 business days for processing.

For account related questions, please log in to our secure web site at www.scsbnet.com and use the secure email located in Contact Us.

Copyright © 2024 Shelby County State Bank. All Rights Reserved.
508 Court Street, Harlan, Iowa 51537

 

Member FDIC