If you are planning to move within the next year, it’s never too early to unpack your financial picture. Whether you are staying in town or moving across the country, costs can add up faster than you might expect. With rising prices on everything from transportation to supplies, having a clear financial strategy is essential…
Being a small businesses owner requires resiliency and adaptability to face challenges of all kinds. While optimism remains, many owners are still navigating the complexities seen in the headlines throughout 2025 including inflation, fluctuating consumer demand, and a tight labor market. These disruptions can feel overwhelming, but they also create opportunities for businesses that are…
The new year is a great time to reset and plan for the months ahead, especially when it comes to your finances. These financial goals aren’t just nice ideas. They provide direction and keep major money decisions on track. Whether prepping for a major purchase, revisiting retirement plans, or strengthening savings, the choices made today…
During a season when time is limited, the ease of online shopping adds allure. But convenience comes with a catch: scammers targeting your shopping session. These scams can take several forms, from phishing to fraudulent charities, and they’re often very convincing. In fact, more than one third of people, according to a PEW Research Center…
Tapping your card or clicking “Confirm Purchase” has never been easier, but those simple actions can come with hidden costs. The Federal Reserve’s Annual Diary of Consumer Payment Choice reveals credit and debit cards account for nearly two-thirds of all consumer payments. Yet behind every transaction are fees that can quietly inflate what you actually…
Tax season may seem far away, but the final quarter of the calendar year is an important time for businesses to begin preparing for April. While your final quarter may also be your busiest, you don’t have to do all of your tax planning at once. By taking a proactive approach by gathering the right…
Community is a constant thread in Kristina and Sean Malone’s life. As entrepreneurs, business owners, and founders of a nonprofit, a focus on serving the people around them has led to a thriving business in Kristina’s Kitchen and holiday magic with their nonprofit Santa’s Letters. Along the way, WSFS served as their banking backbone supporting…
As we enter the holiday shopping season, it’s important to support local businesses this Small Business Saturday and beyond. As a trusted advisor to businesses in the community for nearly 200 years, WSFS Associates understand the importance of entrepreneurs including businesses that have been around for years like the Conshy Girls Restaurant Group and new…
Growth meets curiosity: it’s a formula for success that’s led to countless impactful careers. For Bailey DeLellis, that combination, along with a strong connection to her community, has defined her time at WSFS Bank. DeLellis began her WSFS career as an intern in 2019, while studying finance and economics at King’s College. Over two years,…
The United States is saying farewell to a familiar piece of currency: the penny. The U.S. Mint has officially stopped producing the one-cent coin, a decision driven by simple economics. It costs more to produce a penny than it’s worth. According to the U.S. Mint’s 2024 annual report, each penny costs 3.7 cents to produce…
With holidays and Giving Tuesday around the corner, it’s the time of year when many people choose to give back to support the causes closest to then. Unfortunately, it’s also the time of year when scammers look to exploit your generosity, taking funds away from those in need to line up their own pockets. Avoiding…
With a surge in food insecurity, the WSFS CARES Foundation continued its mission to support our communities through a $50,000 donation to Philabundance as part of Preston & Steve’s Camp Out For Hunger on WMMR radio. Shari Kruzinski, Executive Vice President and Chief Consumer Banking Officer, Justin Dunn, Senior Vice President, Chief Community Impact Officer,…
As the year winds down, the housing market often follows a seasonal rhythm. After an active spring and summer, fall typically brings a slower pace—fewer listings, more time for consideration, and potential opportunities for buyers and homeowners planning their next financial move. Yet in recent years, this rhythm has softened as broader economic forces have…
From her first day as an intern to becoming a full-time Disputes Specialist, Sierra Graham has fully embraced the learning and growth opportunities at WSFS. Placed by Year Up United, a national workforce development program that provides young adults with hands-on training, mentorship, and corporate internships to bridge the opportunity gap and launch successful professional…
At times, the Holiday season can lead Consumers to consider alternatives for finding extra cash to help cover expenses. Be especially cautious of fraudsters as you apply for a new credit card, personal loan or line of credit as they could be posing as legitimate lenders. According to the U.S. Department of the Treasury’s 2024…
As you prepare your child for the future, it’s important to include their finances in the equation. Raising financially savvy children is an important part of the bigger picture, and one of the best ways you can set them up for success is by building their credit. While there is no one “right age” to…
While government shutdowns can present challenges for small businesses, history shows the economic impact is usually temporary, and businesses often bounce back quickly once normal operations resume. By staying informed and proactive, you can take meaningful steps to keep your business strong through periods of uncertainty. Shutdowns tend to disrupt federal services, pause new Small…
For Mohammad Abuasi, a passion for data and analytics—and the right opportunity through Year Up United—sparked a career at WSFS Bank as an Associate Business Analyst. As a Wilmington University student majoring in data analytics, Abuasi joined WSFS as a Business Analyst Intern at the start of 2025. He came through the Year Up United…
Every thriving business begins with a bold vision, a truth that the WSFS Business Banking team knows well, having helped hundreds of entrepreneurs bring their dreams to life. For co-founders Rico Macaraeg and Steven Schnelle, that vision centered on building a community around health and fitness. Their entrepreneurial vision led them into franchising with SWTHZ, a cold plunge and infrared sauna studio…
Buy Now, Pay Later (BNPL) services have transformed from a convenient shopping option into a mainstream payment method. According to a WSFS Money Trends Survey, 38% of adults in the Greater Philadelphia and Delaware region used BNPL in the past year. While these services offer an appealing alternative to credit cards, allowing shoppers to split…
Buying a home is a big milestone, but for those who have complex income streams, it can feel confusing. If you’re one of the many borrowers with variable income or multiple sources of income, follow these steps to keep the process clear and calm. Step 1: List your income sources Your first goal of the…
As the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region, we’re committed to serve the communities where we live, work, and do business. That commitment was on full display on Wednesday, October 1, as part of our third-annual We Stand for Service Day. The company-wide day…
As you scroll through shopping sites and encounter unfamiliar retailers, be sure to pause before entering your payment information. As we enter Cybersecurity Awareness Month, it’s important to follow safe online practices like complex passwords, multi-factor authentication, keeping your software up to date, and staying alert for scams. While you do your part to keep…
The first few weeks after a disaster strikes can be overwhelming as you try to pick up the pieces, support your neighbor, or donate from afar. No matter what camp you fall into, or what disaster has hit, scammers can prey on your misfortune or generosity. While there are a number of potential scams you…
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….
For many small businesses, the fourth quarter is an essential part of the year’s sales goals. The National Retail Federation estimates shoppers spent $296 billion in stores and online during the 2024 shopping season. As retailers gear up for a shopping boom, restaurants prepare for an influx of family gatherings, service providers try to finish…
The Federal Reserve’s most recent cuts could mean changes for savings accounts and certificates of deposit (CDs). While these macroeconomic shifts are designed to help control or reduce inflation and encourage economic growth by making it easier for the average person to borrow money, it also can have a direct ripple effect on personal finances, particularly savings…
Service, truth and respect — three words that encapsulate the WSFS experience both for our Associates and Clients. Our values, which serve as the foundation of the WSFS Bank company culture, have been built over time through thoughtful, purposeful actions from our visionary leaders and dedicated Associates, both current and former. WSFS Bank’s nearly 200-year…
As talks of tariffs turn into increased prices for consumers, many US businesses are experiencing declining profit margins. Business owners are now weighing the pros and cons of passing these costs along to the consumer versus absorbing the hit to their bottom line. Before raising the cost outright, some businesses are choosing to eliminate perks…
With just a few weeks until the start of school, 1,000 students across the Philadelphia region will be going back to school in style thanks to WSFS Bank, The Philadelphia Union and City Team Chester, a non-profit who helps families and children in need with hot meals and essential supplies. The Union held its Backpack…
Growing your business requires dedication, strategy and smart financial management. Unfortunately, it can also make you a target for sophisticated scams. Fraudsters are not only looking to target your personal finances but also your employees’ and customers’ financial information. According to the Better Business Bureau, more than 60% of businesses dealt with scammers in 2024….
Across the Greater Philadelphia and Delaware Valley, you can find WSFS Bank banking offices, billboards and commercials. Existing as the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware Valley, its impact stretches far beyond the region. Through the bank’s Institutional Trust’s Global Capital Markets Team, clients can…
Small businesses are the cornerstone of the American Dream. And for more than 70 years, the Small Business Act, a landmark law enacted in 1953 that established the Small Business Administration (SBA), has been helping Americans achieve that dream. As entrepreneurs prepare to take their dreams from idea to reality or grow the business they…
Effective July 4, 2025, the One Big Beautiful Bill Act introduced sweeping tax reforms that offered major advantages for small businesses, particularly those in manufacturing or in high cost of goods sold (COGS) sectors. While the new legislation has received mixed reviews from Americans and political analysts, it does include important tax benefits for small…
When your bank reaches out, it’s typically important. It’s something scammers know and are using it to their advantage. That’s why impersonation fraud is on the rise as criminals try to get you to reveal your account information, and, ultimately, take money from you. You can keep your guard up by looking for these five signs…
Walk into any of WSFS’ branches and you will see dozens of Associates ready to serve your banking needs. Behind the scenes are dozens more working to keep your information and money protected. Max Kaplan has had the opportunity to learn both sides of the business over several internship experiences, and it’s those learning opportunities…
At WSFS, belonging and inclusion are tied to the core values of the company: Service, Truth and Respect. It’s an undertaking woven into the fabric of the Associate experience and one Ishrat Jahan is working to enhance during her internship this summer. Jahan is taking her education as a human resources and management major at…
Internships are an important part of the college experience, and for Trevor McDaniel, it’s an experience that’s helping him reach his long-term goals. Working as a Commercial Lending Intern within the bank’s Centralized Credit Group, he’s walking away with tangible experiences going into his final year at school at Cheyney University of Pennsylvania. McDaniel’s internship…
The doors of the WSFS Bank Sportsplex, a state of the art, $100 million dollar, 170,000-square-foot sports and recreation complex adjacent to Subaru Park in Chester, Pennsylvania, are now open thanks to a partnership between WSFS Bank and the Philadelphia Union. The Thursday, July 17, ribbon-cutting celebration marks the first for Major League Soccer –…
Ryan, a 13-year-old from Delaware will travel on his dream trip to Key West, Florida, thanks to Make-A-Wish Philadelphia, Delaware & Susquehanna Valley and WSFS Bank. During the June 17, 2025, celebration, WSFS and Make-A-Wish surprised Ryan with a backpack filled with everything needed for a sunny sendoff. Ryan lives with a genetic disorder and…
In celebration of Juneteenth, WSFS Bank proudly partnered with the Philadelphia Union to build bikes for the Boys and Girls Club of Chester, Pennsylvania, a non-profit that empowers children and teens to build a brighter future. WSFS volunteers, executive leadership and the Philadelphia Union front office came together to build bikes and safety kits before…
It’s easy to brush off scams, especially when you think it’ll never happen to you. However, according to the Federal Trade Commission, Americans lost $2.95 billion to scams in 2024. And the majority of those losses came from impersonation scams. Criminals are finding sophisticated ways to con you out of your money, especially if they…
If it feels like you are getting more texts from unknown numbers alerting you about missed packages, offering you a new job, or alerting you to fraudulent charges on your bank account, you’re not alone. The Federal Trade Commission saw nearly 250,000 reports of these fraudulent texts in 2024, resulting in consumers losing a staggering…
Late in 2024, economic forecasts for this year were mostly positive. However, the first part of 2025 has held more surprises than many business owners would prefer. While economic uncertainty presents challenges, for a well-prepared small business, it can also present opportunities. Here’s how to help ensure your business succeeds, no matter the circumstances. 1….
Making good financial decisions is one of the most important life lessons a parent can teach their child. Early financial education lays the groundwork for solid financial decision-making through adulthood and children who develop good money management skills are better prepared to face challenging financial decisions later in life and engage in responsible spending. WSFS…
Estate planning is one of the most thoughtful decisions property owners can make when placing real estate assets in a Limited Liability Company (LLC). Many people think estate planning is just about writing a will, but it involves much more—especially if you own valuable property. Using an LLC for real estate can provide legal protection,…
Interest rates play a pivotal role in the U.S. economy, influencing everything from consumer spending to business investments. These rates determined mainly by the Federal Reserve (“the Fed”), directly affect the cost of borrowing and the returns on savings. For individuals and businesses, understanding how interest rates rise and fall—and the ripple effects these changes…
If you found yourself on the sidelines of the housing market in recent years, you’re not alone. Between elevated interest rates, bidding wars and soaring home values, many prospective homebuyers have been left wondering when some relief is on the way. Trying to time your home purchase to coincide with rate drops can be difficult,…
