According to the American Bankers Association, the number of check fraud filings in 2023 has skyrocketed, doubling since 2020. Check fraud is a criminal act that involves using a check without authorization or altering a legitimate check to steal money from an individual or business.
Check fraud can take many forms. ...
Life insurance is more than just a financial tool. It's a powerful safety net that provides security and peace of mind for individuals and their loved ones. In this blog, we unpack everything you need for understanding life insurance, the basic features and pros and cons of each type of ...
No one can predict the future. However, we can take action to make sure our loved ones will be protected by securing life insurance for them today. Life insurance can bring peace of mind, offer income protection, and build a strong foundation for your family's well-being when they need it ...
Cryptocurrency (also known as crypto) is a type of digital currency that exists electronically or virtually. This virtual money is not backed by any government or bank. Unlike government backed money, the value of virtual currency is driven by supply and demand.
Bitcoin is a type of cryptocurrency and can ...
Buying a home is a landmark decision — but what if you can’t afford a down payment? For some, coming up with the traditional 20% down payment necessary for buying a home can be a challenge based on numerous circumstances. However, low down payment mortgage options from First Mid can ...
Financial institutions work hard to protect your personal identifiable information (PII) and confidential account information. There are many layers of security measures in place to help make sure you are the only one who can obtain information about, or conduct transactions through, your account(s).
However, scammers know about all these security ...
You likely have a good idea of what you want your retirement to look like. You may have even kicked around a few ideas about what you’re going to do with all that free time. But what are you doing now to prepare yourself financially for those idyllic golden years? ...
At First Mid, we care about the financial success of all our customers — from students of all ages to those new to the workforce, from those with spouses and families to those who are nearing retirement. We are here to help customers in all walks and stages of life.
For ...
Peer-to-peer (P2P) payment apps offer simple and convenient ways to send and receive money. You’ve probably heard of these apps with names such as Zelle, PayPal, Venmo, and Cash App. Many P2P apps allow you to send money with just a single click or swipe. That speed gives fraudsters the chance ...
At First Mid, we are proud to support women-owned businesses. We have many commercial clients throughout our locations in Illinois, Missouri, and Texas, who are either fully women-owned or partially women-owned. In honor of Women’s History Month, we are highlighting women-owned businesses who have worked with First Mid to inspire ...
Routing # 071102076NMLS # 411170