Periodically, we hear from local residents that they have received suspicious phone calls which appear to be from Dedham Savings. Remember that Caller ID information can be faked to make it look as if a call is coming from a trusted entity, which is a scam called Spoofing.
COVID-19 has affected so many aspects of our lives as individuals. And, businesses and community organizations have not been spared. For many local non-profit organizations that provide critical support to families in need, these past months have meant scrambling to find new and creative ways to continue their important fundraising efforts.
For those new to banking and managing money, a common question is, “What’s the difference between a debit card and a credit card?” Both types of cards look very similar and can be used to make purchases in person and online, making them seem the same, but they are quite different.
Cash Management refers to the day-to-day administration of managing cash inflows and outflows for a business. The ultimate goal of cash management is to maximize liquidity and minimize cost of funds, and there are many tools that help to streamline these processes.
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