Eglin Federal Credit Union

Faster Processing with Same Day ACH

On September 15^th 2017, the Federal Reserve will start processing most ACH debits on the same day they are transacted. In preparation for these changes, we will start posting ACH debits to your account throughout the day. This means that some of your payments may clear your account the same day they are authorized.

Typical ACH debits include payments to utilities, health club dues, credit card providers, etc. However, some other payments that you may not think are electronic but may post and clear on the same day include the following:

Paper checks that may be converted to ACH debits.
Retailer cards that link your checking account and use the ACH process.

3 Tips for Being Prepared

Don't Assume Funds Will Clear a Day or Two After Making a Payment. Habits can be hard to break. Get in the habit now of planning for funds to clear at the same time you make an online payment, payment over the phone, or write a check.
Stay On Top of Your Balances. Keeping your available account balances at a level that supports your spending is always the best approach. Both Eglin Federal Credit Union�s Home Branch and Mobile Banking provide you with access to your account balances 24 hours a day 7 days a week.
Need More Information? Contact us by phone at 850.862.0111 (toll free 1.800.367.6159), email us at memberservices@eglinfcu.org or stop by any branch.

10 Ways to Avoid Fraud

According to Federal Trade Commission reports, crooks use clever schemes to defraud millions of people every year. They often combine new technology with old tricks to get people to send money or give out personal information. Here are some practical tips to help you stay a step ahead.

Spot imposters. Scammers often pretend to be someone you trust, like a government official, a family member, a charity, or a company you do business with. Don't send money or give out personal information in response to an unexpected request regardless of whether it comes as a text, a phone call, or an email.
Do online searches. Type a company or product name into your favorite search engine with words like "review," "complaint" or "scam." Or search for a phrase that describes your situation, like "IRS call." You can even search for phone numbers to see if other people have reported them as scams.
Don't believe your caller ID. Technology makes it easy for scammers to fake caller ID information, so the name and number you see aren't always real. If someone calls asking for money or personal information, hang up. If you think the caller might be telling the truth, call back to a number you know is genuine.
Don't pay upfront for a promise. Someone might ask you to pay in advance for things like debt relief, credit and loan offers, mortgage assistance, or a job. They might even say you've won a prize, but first you have to pay taxes or fees. If you do, they will probably take the money and disappear.
Consider how you pay. Credit cards have significant fraud protection built in, but some payment methods don't. Wiring money through services like Western Union or MoneyGram is risky because it's nearly impossible to get your money back. That's also true for reloadable cards like MoneyPak, Reloadit or Vanilla. Government offices and honest companies won't require you to use these payment methods.
Talk to someone. Before you give up your money or personal information, talk to someone you trust. Con artists want you to make decisions in a hurry. They might even threaten you. Slow down, check out the story, do an online search, consult an expert or just tell a friend.
Hang up on robocalls. If you answer the phone and hear a recorded sales pitch, hang up and report it to the FTC. These calls are illegal, and often the products are bogus. Don't press 1 to speak to a person or to be taken off the list. That could lead to more calls.
Be skeptical about free trial offers. Some companies use free trials to sign you up for products and bill you every month until you cancel. Before you agree to a free trial, research the company and read the cancellation policy. And always review your monthly statements for charges you don't recognize.
Don't deposit a check and wire money back. By law, banks must make funds from deposited checks available within days, but uncovering a fake check can take weeks. If a check you deposit turns out to be a fake, you're responsible for repaying the bank.
Sign up for free scam alerts from the FTC. Get the latest tips and advice about scams sent right to your inbox.

If you spot a scam, report it to the FTC by clicking here. Your reports help the FTC and other law enforcement investigate scams and bring crooks to justice.