Fraudulent calling attempts are on the rise. Scammers are posing as WSFS Associates – using fake caller IDs and personal details to gain your trust. NEVER share your account passwords or verification codes on unsolicited calls. Verify the call by hanging up and notifying us directly at 888.973.7226 7am-7pm ET (M-F) and 9am-3pm ET (on weekends).
It’s easy to get caught up in day-to-day operations as a business owner, but as an operation grows, keeping each area efficient and protecting margins is crucial. By examining four key areas — cash management, receivables and payables, payment acceptance, and fraud mitigation — business owners can unlock significant improvements in efficiency and financial health….
Small businesses are the backbone of our local communities but can face challenges when it comes to financial stability. Accessing and managing affordable funding, finding ways to invest in growth, and building and maintaining strong credit profiles are just a few hurdles small business owners encounter. With the right strategies in place, however, businesses can…
The end of one year and start of another can be an excellent time to evaluate your personal security and take proactive steps to protect yourself from fraud. With technology rapidly advancing and fraudsters developing increasingly sophisticated tactics, including leveraging artificial intelligence (AI), consumers must stay vigilant. Here’s how you can perform a privacy checkup…
The end of one year and beginning of another is an opportunity for a fresh start, including for your finances. After a year filled with economic headwinds, many consumers are taking action, including the 33% in the region who are cutting back on non-essential spending, according to a WSFS Bank Money Trends Survey. Here are…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the third quarter by the WSFS CARES Foundation board, will support: Pathways to Success ($160,000 Grant to be…
It’s hard to believe, but the holiday season is just around the corner. Rising costs and inflation remained the top driver of increased spending by regional residents in 2024 (69%), according to a WSFS Bank Money Trends survey. In a year filled with continued economic pressures, it is vital to get an early start and…
The long-anticipated decision by the Federal Reserve to cut interest rates arrived in September, bringing with it some much anticipated relief for both businesses and consumers. The Fed’s focus on lowering rates between now and this time next year should quickly improve liquidity, confidence, and optimism for businesses, which helps move the markets and commerce….
Interest rates have continued to impact many aspects of consumers’ lives in recent years. After record-low rates early in the pandemic gave way to mortgage rates higher than they had been for more than a decade, many homebuyers and sellers have been left on the sidelines. Homeowners who were able to lock in their rate during…
Many consumers and businesses alike have heard the old saying, “the check is in the mail.” And yes, sometimes it’s true the check is in the mail, so you find yourself waiting. But sometimes the check never finds its destination due to an ever increasing trend of mail theft. According to the Association of Finance Professionals’ (AFP) 2024…
In 2023, consumers lost more than $10 billion to fraud, with $1.8 billion attributed to bank transfer or payment fraud, according to the Federal Trade Commission (FTC). Imposter scams were the leading type of fraud, with scammers contacting victims via social media resulting in $1.4 billion in reported losses. These eye-catching numbers highlight the importance…
The internet has provided a host of benefits to many consumers’ lives, enabling them to do research, make purchases and much more with just a few clicks. This ease and convenience can be great when used properly, but what about when scammers leverage technology to target their victims? Here are tips to help identify and…
Reverse mortgages can often be a misunderstood financial option for many consumers. One of the many reasons: since you must be 62 to obtain a reverse mortgage, consumers don’t get as much experience early on in their financial journeys as they would with credit cards or student loans. Driving this point home, a recent WSFS…
Bake’n Bacon began with a dream. Co-owner Justin Coleman’s late brother came to him in a dream, and he remembers smelling bacon. He wrote down “bacon, bacon, bacon,” and soon after Bake’n Bacon was born. What began in 2019 with one food truck has quickly grown to a business with three food trucks –available for…
Dr. Jessica Hershman, DMD and her father, Dr. Hal Hershman, DMD, first purchased their own dentistry practice in 2013 from another local dentist who was ready for retirement. As fate would have it, another area dentist was preparing for retirement in the next two years, and the Hershman’s would soon purchase that practice too. From…
Interest rates have continued to climb to levels not seen in recent years and have impacted many consumers’ financial situation and goals. A recent WSFS study found that regional respondents said building an emergency fund (52%) is their top goal, followed by increasing savings in retirement accounts (49%). While rising rates and inflation impacting the cost of everyday…
As a result of recent events in the banking and finance industry, the Federal Deposit Insurance Corporation (FDIC) and its coverage limits on banking customer deposits have been top of mind for many people. Many banking customers have questions about FDIC limits and whether their money is protected. It is important to understand how FDIC insurance…
