Please join us in congratulating, Matt Thomas, Mortgage Originator at Merrimack County Savings Bank, for being ranked “Top Loan Originator” by the Registry Review in 2019! Each year, the Registry Review publishes data collected by The Warren Group outlining NH’s top loan originators. Matt was ranked #1 in volume of loans and #1 in number of loans for […]
IRS Raises Health Savings Account Contribution Limits for 2021
Health Savings Accounts (HSAs) let you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums. HSA […]
Money Flipping Schemes On the Rise
There have been reports of a rise in money flipping schemes, targeting consumers who’ve run into financial trouble due to pandemic‑related unemployment. Money flipping is an attempt by scammers to lure consumers with promises of a payout. The target of the scam is required to pay a small amount up front in order to earn a larger […]
Rise in SIM Card Swapping Scams
Beware of an increase in Subscriber Identity Module (SIM) card swapping. A SIM card swap happens when a hacker pretends to be you and convinces your mobile device carrier to switch your phone number over to a SIM card that they own. A SIM card is the tiny memory chip inside a mobile device that carries an […]
Scammers Selling Face Masks and Paper Products
The Federal Trade Commission (FTC) is reporting a sharp increase in fraud relating to health and safety items like face masks and paper products. Since the beginning of March, many purchasers have described paying online stores for face masks and toilet paper but never receiving the products that they ordered. Scammers took their money as well as […]
Limits Placed on Convenient Transfers from a Savings Account Have Lifted
Great news! At a time when events around the coronavirus pandemic have made access to funds more urgent, we are excited to be able to make things a little easier for our customers. You can now make an unlimited number of convenient transfers and withdrawals from your savings account(s), without fear of incurring fees for going above […]
The Merrimack Contributes $75,000 to Concord Coalition to End Homelessness
Merrimack County Savings Bank (The Merrimack) has pledged a contribution of $75,000 to the Concord Coalition to End Homelessness (CCEH). The funds will be spread over three years, in support of CCEH’s Safe Spaces II Campaign. Safe Spaces II will allow CCEH to purchase the building on Green Street in downtown Concord, NH, and renovate it […]
Phishing Text is Newest Coronavirus Scam
Local news and police departments are warning of a new scam where consumers are receiving a text message claiming they have come in contact with someone who tested positive for COVID-19, or is showing symptoms of the virus. The text instructs the individual to self-isolate, and provides a link for the consumer to click for more information. […]
Mobile Deposit of Government Stimulus Checks
While government checks are not normally eligible for mobile deposit, a temporary exception has been made to ensure customers are able to deposit stimulus checks without needing to visit a branch. Please note the following when depositing checks from your mobile device:All check payees must be listed on the account where the check is being deposited Proper […]
Retirement Plan Related Provisions of the CARES Act and SECURE Act
The Coronavirus Aid Relief and Economic Security (CARES) Act contains many retirement plan related options designed to assist the millions of Americans affected by the pandemic. While we advise that you consult with your tax advisor to review all the details of the CARES Act and how it applies to your specific situation, there are some […]