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Paying for College Study up on ways to pay for that diploma. 10 Topics

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Mobile Check Deposits from Anywhere Before mobile phones and tablets, checks had to be cashed in person or by mail. Now, mobile check deposits allows you to deposit your checks from anywhere, so long as your mobile device has Internet or cellular service. Most banks provide mobile apps to make the process easier, and First Bank* is no exception. First Bank provides mobile check deposits** for businesses and individuals so that you can deposit a check from anywhere, safely and securely. How Mobile Check Deposits Work Mobile check deposit use digital technology to deposit money into your account. All you need is a smartphone or tablet with a good camera. Here’s how it works: Sign Checks and Find a Flat Surface Even with digital deposits, the back of a check needs to be signed by the account holder. For added security, you can also include a restricted endorsement, such as, “For Mobile Deposit Only” underneath your signature. Next, find a flat, well-lit surface. This will help you get the best possible image. Take Photos Using the App Using the secure camera within First Bank’s mobile banking app snap a picture of the front and back of the check. You’ll see prompts on the screen that will help guide you. Make sure to wait for the camera to focus before taking the picture so that numbers and letters are clear. Deposit multiple checks per day using your mobile app. At First Bank, individuals can deposit up to $5,000 in mobile checks in one day, and business accounts can deposit up to $10,000 per month*. Deposit Your Checks When you press deposit, the pictures of your checks are sent to our databases and reviewed. At First Bank, if you deposit your checks before 6 PM on a normal business day, your funds will appear in your account the next day (if approved). Check Your Email for Verification First Bank sends an email verification for all mobile check deposit transactions for your records. Get More with Mobile Banking First Bank offers comprehensive mobile banking** options for the modern consumer. Our app is available in both the iTunes and Google Play stores, and can be used to deposit checks, transfer funds, manage accounts, stop payments, and link to external 3 min read

5 Money Saving Tips for Young Adults When you’re young, saving money can seem like an impossible task. It’s easy to see your paycheck as a way to get by month to month and not a way to prepare for the future and save for financial difficulties. But putting just a little money aside each month can make a world of difference. These five money saving tips for young adults can help you get started on the path to future financial success. Five Ways to Save Money as a Young Adult 1. Make a budget. You’ve heard it before. Creating and sticking to a budget is one of the best ways you can save money. Making a budget doesn’t mean you have to give up fun for the rest of your life. By creating a budget, you’ll be able to see where your money is going each month and allocate funds to saving, bills and entertainment. Try using MyMoney within online and mobile banking to get started. 2. Don’t wait to save and invest. Saving and investing may seem like a challenge right now, but putting away just a few dollars a week can have a big impact. Use your budget to see how much money you can put into your savings account each month. And as for investing, if your employer offers a 401(k) account, U.S. News recommends deciding how much of your salary to contribute and increasing it as time goes on. 3. Save one-third of your income. If you aren’t sure how much you should save, U.S. News also recommends saving one-third of your income if you can. By saving $1 out of every $3 you earn, you are making it easier on yourself to survive future financial difficulties, such as layoffs, car repairs, home repairs, and other surprise expenses. 4. Start an emergency fund. Another good way to save for financial hardship is to start an emergency fund. Investopedia recommends putting some money into a high-interest savings account, CD or money market account. 5. Pay off your debt. While putting money into savings is a good way to prepare for your future, you should also be concerned about paying off your debt. You should be aggressive about paying off your debt and careful not to let your credit cards spiral out of control. For 3 min read

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Budgeting For a Home For most people, buying a house is not a spontaneous decision. It takes time to prepare your finances for a mortgage, to clean up your credit to get the best rates, and to save up for a down payment. 4 min read

What Is a Child Savings Account? “What is a child savings account?” In a child savings account, you can deposit spare change, birthday money and other loose funds to accrue some interest throughout their childhood. This teaches children the lesson of “a penny saved, is a penny earned.” Read on to learn more about a child savings account and how you can set one up with First Bank. What Is a Child Savings Account? A gateway to education. Research suggests that a child savings account greatly increases the odds that a child from lower to middle income will attend—and even graduate—from college. The research, conducted by Prosperity Now in Washington, DC, shows that children with savings accounts are more likely to start planning for college early and consider themselves college bound. A pathway to financial independence. Additional research conducted by the University of Kansas finds that children with savings accounts are four times more likely to invest in the stock market in adulthood. So, while the return on a child savings account might seem minimal on the surface, the benefits can pay big dividends in the long run. A child savings account is a great way to teach your son or daughter financial literacy and responsibility. Open a Child Savings Account with First Bank With just a $10 initial deposit, customers under the age of 18 can open a MyFirst Savings account and get started on a lesson with a lifelong payoff. A MyFirst Savings account comes with no monthly maintenance charge and no minimum balance needed. Interest is earned as long as certain requirements are met. Our account also comes with eStatements or paper statements, online and mobile banking* and two withdrawals per month free of First Bank fees. Learn more about our child savings account and guide your child to a brighter future with First Bank. *While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. 2. Withdrawal fee of $2 each after the first two during the month. Federal regulations limit withdrawals of preauthorized transfers to two (2) per month, including checks, drafts, online transfers, telephone transfers and debit card purchases. ——— Prosperity Now: https://prosperitynow.org/blog/empirical-evidence-support-childrens-savings-accounts 2 min read

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