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).
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).
Cash flow is often the number one priority for small businesses, as well as what keeps many business owners up at night. Having sufficient cash flow is vital to the success of any business and can prove critical in building and maintaining strong supplier relationships, which in turn can help strengthen your business, lead to cost…
WSFS Bank announced it has launched Early Pay, which allows Customers to receive eligible direct deposits from their employers up to two days early.[1] Early Pay is also available for recurring government benefits, such as Social Security payments. “We’re thrilled to be able to offer Early Pay to our Customers to help streamline their eligible direct deposits…
Fraud continues to rise across the country, including a 14% increase in reported losses in 2023, with consumers losing more than $10 billion, according to the Federal Trade Commission (FTC). Imposter scams topped the list of most commonly reported fraudulent tactics. Consumers reported losing $1.8 billion to fraudulent bank transfers or payments as well as $343.7…
Each April marks Financial Literacy Month in the United States and serves as an opportune time to refocus your finances and sharpen your financial acumen. Thirty eight percent of respondents in a recent WSFS Bank Money Trends study are spending more money now compared to the prior year, while only 21% in the region are…
Having studied biomedical chemistry in school, Soj Jibowu set out on a career path in the medical device industry, where he worked for about 16 years. A former Division I track and field athlete, Soj came across his first multi-sport race in Chicago in 2014 and was hooked. He would soon find himself having participated in…
To honor the key contributions of women in society and history, WSFS and the Philadelphia Union partnered again this March on a variety of initiatives for Women’s History Month. On March 7, Team WSFS Associates joined with Philadelphia Union volunteers to pack baskets of essential items, including toiletries, cleaning supplies and more, and delivered them…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided grants to five organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the first quarter by the WSFS CARES Foundation board, will support the following organizations: Delaware Prosperity Partnership ($150,000…
$10+ billion: that’s how much consumers reported losing to fraud in 2023, according to the Federal Trade Commission. It is the first time that losses to fraud have crossed that threshold and represents a 14% increase from 2022. With so much money on the line, it is vital to take steps to educate yourself on…
Spring is in the air, which for many homeowners means a busy season ahead to refresh their curb appeal or complete renovations. While spring is typically homebuying season for many consumers, for those already in a house or location they like, leveraging your home’s existing equity can be a way to make desired improvements. With…
Reverse mortgages – and the mortgage industry in general – have undergone significant changes the past decade. Perhaps the biggest change, however, is how many financial advisors are now incorporating housing wealth into their retirement income planning. Despite the rise in usage as a retirement planning tool, many consumers are unfamiliar with the options and…
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…
Touchstone Home Products has roots that originated 38 years ago and has since grown to be an industry leader in electric fireplaces, patio heaters, TV lift cabinets, and other home goods. The company has continually exceeded customer expectations, and as the business evolved, took an interest in electric fireplaces — a product that was only…
The past few years have brought a few challenges for businesses, as many have reimagined their models and services, while also dealing with financial strains and rising interest rates. A working capital line of credit (WCLOC) can be a great tool for businesses – both small and large – providing flexibility to cover short-term operational…
At WSFS Bank, we are committed to providing you with timely, up-to-date information about your accounts. Our personalized Customer feed, now called myWSFSfeed, allows us to quickly share important updates with you, delivered right to your mobile device. Through myWSFSfeed, we will also occasionally send important alerts, account reminders, and financial security tips, like the latest…
Like many aspiring rockers, Paul Sinclair and Paul Hammond have seen their fair share of challenges through the years, but persevered in pursuit of their dream, falling back on nearly forty years of friendship to guide them along the way. “We first met in September 1984 as a pair of young guys looking to make…
Spring is just around the corner and can be peak season to buy or sell your home. But before you’re ready to make a move, it is important to do your research and homework so you’re ready when the time is right. Here are tips to help buyers and sellers prepare for the spring homebuying…
Love is in the air each year around Valentine’s Day. A great way to show some love to yourself and your finances this Valentine’s season is by refocusing on your savings. A recent WSFS Bank Money Trends study found that 38% in the region are spending more money now compared to last year, while only 21%…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it provided grants and donations totaling more than $2.7 million to more than 390 community organizations located across Delaware, New Jersey and Pennsylvania in 2023. WSFS also made a $2.0 million contribution to the WSFS CARES Foundation in 2023 to support future investments…
Tax season is in full swing. Whether you file your returns yourself, with the help of a professional or tax filing software, it is important to remain vigilant of potential scams. The Federal Trade Commission (FTC) reported consumers lost nearly $8.8 billion to fraud in 2022, with imposter scams accounting for $2.6 billion of those…
WSFS has various ways to communicate with Customers. A small sample of these communications may include: e-statement notifications, updates to products and services, rate change notifications, and fraud prevention alerts. In this sense, to Internet Service Providers (ISP) like Google, WSFS could be considered a bulk email sender. Email Communication Changes While all banks must…
Online and mobile banking continue to see increased adoption from consumers, and for good reason, as they provide quite a few tools to help you more efficiently manage your finances. From helping you budget and track your spending to paying bills and transferring funds, there are quite a few options within your online and mobile…
Cash flow is king for small businesses. It plays a critical role in their success and is something small business owners should always have a pulse on to ensure they’re operating efficiently. Cash management solutions offer small businesses efficient cash handling, risk mitigation and liquidity management. These services can streamline financial operations, reduce administrative burden…
In the realm of financial planning, the traditional approach often focused on achieving specific financial milestones or accumulating a predetermined sum of money. However, as the dynamics of personal finance continue to evolve, a more holistic and personalized strategy has emerged – goals-based investment planning. This method shifts the emphasis from merely accumulating wealth to…
The housing market has seen large fluctuations in recent years – first with record low interest rates early in the pandemic, followed by bidding wars, increased housing prices, and interest rates significantly higher than where they were just a few years ago, but most recently beginning to moderate slightly. A National Association of REALTORS survey recently…
Nonprofit organizations are not immune to the current financial challenges. An often-underutilized tool to help with these challenges is tax-exempt financing. Whether your organization is a health system, residential healthcare or senior housing facility, or another nonprofit organization outside of the healthcare space, there are options to explore that should fit your needs. Bank held tax-exempt…
Goal setting is often top-of-mind for many consumers around the New Year. As you look to set your goals for the year ahead, it is important to remember to include your financial goals. A recent WSFS Bank Money Trends study found that the uptick in interest rates has motivated 30% in the region to reduce…
In 2011, Amanda Adams was working for a jeweler-turned-mentor while pursuing her master’s degree. Daniel Uffleman, her boyfriend at the time, had started his entrepreneurial journey converting his parents’ 27-unit motel investment property into condominiums. When Amanda suggested they combine their basic knowledge in the jewelry industry and entrepreneurship to start their own jewelry business,…
Over the last several years, there has been an unprecedented combination of financial challenges for business leaders — a global pandemic, rising unemployment rates, rising interest rates and inflation. I was leading a team during the economic downturn of 2008 but the last three-plus years have been unique, especially with the recent (and welcomed) emphasis…
WSFS Bank celebrated the Grand Opening of its banking office and the accompanying Wiss Fiss Lounge, marking another chapter in the Bank’s commitment to Philadelphia. The new banking office is located at WSFS’ Philadelphia headquarters at 1818 WSFS Bank Place on Market Street. Located in the heart of Center City, the new banking office includes offices…
It’s well documented that over half of first-time marriages in the U.S. will end in divorce, with money being a driving factor. Conflict in marriage is normal as it is the coming together of two people who may share similar values but with critical differences. Money isn’t easy to talk about for anyone, but it…
In recent years, due to volatile investment and housing markets, reverse mortgages have become increasingly attractive to retirees looking for cash while staying in their homes. Working with their financial planner and mortgage lender, retirees can use reverse mortgages to benefit from their home’s equity for many purposes that were not generally considered years ago,…
Even the strongest budget needs to be revisited occasionally, particularly in a period of high inflation and rising interest rates. Rising costs and inflation topped the list of why regional consumers are spending more (72%), according to a recent WSFS Bank Money Trends study. Here are tips to help you revamp your budget and reach…
$8.8 billion. That’s how much consumers lost to fraud in 2022, according to the Federal Trade Commission. With so much money on the line, it is vital to take precautions to protect yourself and your wallet from adding to this startling statistic. The New Year can be a great time to set goals for what…
Clients frequently ask their financial advisors to assist them with their liquidity needs. Whether they want to purchase a vacation home, have a tax payment due or a new business venture, they want to know: what are the best options to make these moves? A private banker can help clients figure out the best mix…
Recent bank failures have sent shockwaves through the country, and the fallout has put a spotlight on financial services as an industry. Some business leaders are questioning whether they’ve done enough to ensure their money is secure. While it’s challenging to say whether these events were inevitable, one undeniable truth is that a strong relationship…
Small businesses are the backbone of many communities. As a community bank, WSFS has been serving the Greater Philadelphia and Delaware region for nearly 200 years, providing vital support to local businesses. The U.S. Small Business Administration (SBA) recently released their regional fiscal year rankings for 2023, with WSFS ranking first in Delaware for dollars…
Many of us first learned to care for others when we were small, at home, or at the knee of a parent or grandparent. Others give out of compassion for those who are less fortunate. The National Institutes of Health has discovered in brain MRIs that we experience a “helper’s high,” good feelings that drive…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided a $10,000 grant to Minds Matter of Philadelphia, Inc. as part of its continuing series of philanthropic activities by WSFS and the Foundation. Minds Matter of Philadelphia, Inc. is a national nonprofit dedicated to promoting higher education, with 14 chapters…
Founded in 1893, Sunday Breakfast Mission works to serve those experiencing homelessness, addiction and poverty through programs that meet their spiritual, social, and physical needs. For over a century, people in need have received care through Sunday Breakfast Mission’s ministries, including nightly community meals, overnight shelter, monthly food boxes and more. WSFS, another storied organization…
It’s hard to believe we’re already approaching the end of 2023. Over the past year, many consumers saw their wallets stretched thinner as elevated interest rates and inflation continued to take a toll. A recent WSFS Bank Money Trends study found that 38% in the region are spending more money now compared to last year,…
With two local businesses under his belt at age 22, Ethan Seeley, knew he would need a banking partner that believed in the third venture vision – an existing business purchase. Having started his first business with a shovel and a lawnmower, Ethan had quickly grown a reputation in the Malvern, Pa., area as a…
When searching for your first or next house, it is vital to ensure you’re putting your best foot forward so you can land your dream home. Here are some key dos and don’ts for the mortgage process and purchasing a home. Do: Build Your Homebuying Team and Maintain Consistent Communication One of the first steps…
Charitable giving is a uniquely American phenomenon, driven by both social and tax considerations. In 2022, Americans gave $499.33 billion to charitable causes, according to the annual Giving USA dataset. Just under two-thirds of that came directly from individuals (not corporations, foundations, or bequests). Along with that groundswell of giving, nearly one in three American…
Fraudsters never sleep. Among one of their many tactics: bank account takeover fraud. How it Works Scammers will text a large number of consumers impersonating various banks and financial institutions to ask if you initiated a transfer or ask if you were making a purchase. It is a trick. Don’t respond. If you respond “NO,”…
In today’s ever-evolving real estate landscape, choosing who to trust with your homebuying process is key to a successful process. Purchasing a home is a significant milestone in one’s life, often representing years of savings and financial planning. While independent mortgage brokers and online lenders remain popular options, engaging a private banker brings a distinct…
Diversity, equity and inclusion continues to be at the forefront of the business landscape, and business owners and leadership must continue to consider the many ways a diverse team can impact their culture and business. There are many ways to view diversity, and evaluating the strengths that different team members bring to the table can…
It’s no secret that a college education typically comes with a hefty price tag. Following years of payment pauses for Federal student loans as a result of the pandemic, interest began accruing again in September 2023, with the first payments due in October 2023. Coupled with rising costs and inflation, which 72% of regional residents…
Every small business has expenses. They are a part of doing business that are impossible to avoid. Some expenses may seem avoidable, but doing so can stunt your business’ growth and success—or sink it altogether. Why it matters: Reinvesting into the business plays a critical role in long-term success, providing stability and growth opportunities, and…
