Construction Piggy

Main Lobby Closed for Emergency Repairs

UPDATE July 27, 2021

We will be temporarily opening our drive-thru at the Main office starting Monday, August 2nd. We will operate the drive-thru while the lobby is undergoing repairs. We anticipate this taking at least three months. Once our lobby is ready for business, we will close the drive-thru so repairs can be made on it. 

We appreciate your patience as we work towards resolving this.


July 1, 20021

At Abbeville First the safety of our employees and customers is always a priority.

Due to required emergency repairs, the lobby and drive-thru teller lanes of our Main Office at the Abbeville branch have been temporarily closed. 

Our Calhoun Falls location will not be affected and they are able to assist with your immediate teller needs.

For other banking activities and limited teller transactions you may enter through the secondary parking lot door.

You may still access your accounts by using our ATM and online banking.  If you are not currently using Abbeville First Online Banking we encourage you to register for this service at our Personal Online Banking site.  Business account owners please call the bank to set up Business Online Banking access.

We apologize for the inconvenience this situation is causing and hope we can return to normal operations soon.

Sincerely,

Andy Timmerman

World Elder Abuse Awareness Day – June 15

June 15th was designated as World Elder Abuse Awareness Day by the International Network for the Prevention of Elder Abuse and the World Health Organization.
You, or someone you care about, could become the victim of this growing crime. Here at Abbeville First Bank, we are dedicated to spreading awareness about the devastating effects of elder financial exploitation.

What Is Elder Financial Abuse?

Elder financial abuse is estimated to have cost victims at least $2.9 billion last year alone. It’s a crime that deprives older adults as well the newly retired of their resources and ultimately their independence. Older Americans that may have disabilities or rely on others for help can be especially susceptible to scams and other fraud. Advances in technology and new tactics can also make it difficult for seniors to know whom to trust and what’s safe.
A very disturbing aspect of financial exploitation is that although scammers are undoubtedly a threat, an elder is more likely to be exploited by an individual they know such as an adult child, grandchild, or personal care assistant. Examples of this include the theft or improper use of an elder’s debit card, stolen and forged checks, and withholding or theft of their government benefits.
Anyone who sees signs of theft, fraud, misuse of a person’s assets or credit, or use of undue influence to gain control of an older person’s money or property should be on the alert.
One of the best ways we can all protect loved ones from becoming victims of exploitation is to simply be involved and do the following:
  • Call to check in
  • Ask if they need help
  • Tell them about scams targeting elders
  • Stop by for a visit

Tips for Seniors: How can you protect yourself?

  1. Plan ahead to protect your assets and to ensure your wishes are followed. Talk to someone at your financial institution, an attorney, or a financial advisor about the best options for you.
  2. Shred receipts, bank statements, and unused credit card offers before throwing them away.
  3. Carefully choose a trustworthy person to act as your agent in all estate planning matters.
  4. Lock up your checkbook, account statements, and other sensitive information when others will be in your home.
  5. Order copies of your credit report once a year to ensure accuracy.
  6. Never give personal information, including Social Security Number, account number, or other financial information to anyone over the phone unless you initiated the call and the other party is trusted.
  7. Never pay a fee or taxes to collect sweepstakes or lottery “winnings.”
  8. Never rush into a financial decision. Ask for details in writing and get a second opinion.
  9. Consult with a financial advisor or attorney before signing any document you don’t understand.
  10. Get to know your banker and build a relationship with the people who handle your finances. They can look out for any suspicious activity related to your account.
  11. Check references and credentials before hiring anyone. Don’t allow workers to have access to information about your finances.
  12. Pay with checks and credit cards instead of cash to keep a paper trail.
  13. Feel free to say “NO.” After all, it’s your money.
  14. You have the right not to be threatened or intimidated. If you think someone close to you is trying to take control of your finances, call your local Adult Protective Services (1-888-CARE4US (1-888-227-3487)) or tell someone at your bank.
  15. Trust your instincts. Exploiters and abusers often are very skilled. They can be charming and forceful in their effort to convince you to give up control of your finances. Don’t be fooled—if something doesn’t feel right, it may not be right. If it sounds too good to be true, it probably is.

What should you do if you are a victim of financial abuse?

  • Talk about it with a trusted family member who has your best interests at heart, or to your clergy.
  • Talk to your attorney, doctor, or an officer at your bank.
  • Contact Adult Protective Services or your local police for help.
  • To report suspected Abuse, Neglect, or Exploitation of a Vulnerable adult, call  1-888-CARE4US (1-888-227-3487).

Tips for Family and Friends:  What are the warning signs of financial abuse?

The key to spotting financial abuse is a change in a person’s established financial patterns. Watch out for these “red flags”:
  1. Unusual activity in an older person’s bank accounts, including large, frequent, or unexplained withdrawals.
  2. ATM withdrawals by an older person who has never used a debit or ATM card.
  3. Changing from a basic account to one that offers more complicated services the customer does not fully understand or need.
  4. Withdrawals from bank accounts or transfers between accounts the customer cannot explain.
  5. New “best friends” accompanying an older person to the bank.
  6. Sudden non-sufficient fund activity or unpaid bills.
  7. Closing CDs or accounts without regard to penalties.
  8. Uncharacteristic attempts to wire large sums of money.
  9. Suspicious signatures on checks, or outright forgery.
  10. Confusion, fear, or lack of awareness on the part of an older customer.
  11. Shame or reluctance to talk about the problem.
  12. Checks written as “loans” or “gifts.”
  13. Bank statements that no longer go to the customer’s home.
  14. New powers of attorney the older person does not understand.
  15. A caretaker, relative, or friend who suddenly begins conducting financial transactions on behalf of an older person without proper documentation.
  16. Altered wills and trusts.
  17. Loss of property.

What should you do if you suspect financial abuse?

Talk to elderly friends or loved ones if you see any of the signs mentioned here. Try to determine what specifically is happening with their financial situation, such as a new person “helping” them with money management, or a relative using cards or credit without their permission.
  • Report the elder financial abuse to their bank and enlist their banker’s help to stop it and prevent its recurrence.
  • Contact Adult Protective Services or your local police for help.
  • To report suspected Abuse, Neglect, or Exploitation of a Vulnerable adult, call  1-888-CARE4US (1-888-227-3487).
  • Report all instances of elder financial abuse to your local police—if fraud is involved, they should investigate.
More information about elder abuse and scams:

Bank Closed for Memorial Day – Monday, May 31, 2021

Why is Abbeville First Bank Closed on May 31, 2021?

We follow the U.S. Federal Reserve’s holiday schedule. 

Though federal offices and many workplaces will be closed for Memorial Day, most stores and restaurants will remain open for business. Bank holidays aren’t always the same day that people have off from work. This can lead to some of us thinking banks are open when they really are closed and vice versa.

What if you need us while we are closed?

1. Login Online or Use an App

This is the quickest and easiest method, you don’t even have to leave the warmth of your home! When you log in to your account online you can check balances, pay bills, move money around between accounts, set up alerts for a low balance or when a particular check clears, stop payments, and more!

Your banking abilities extend a little further, too, if you have our mobile app. It adds the ability to deposit checks right from your smartphone.
Personal Banking account apps: Apple Store or Google Play Store.
Business Banking account apps:  Apple Store or Google Play Store.

Since the U.S. Federal Reserve is still closed, some transactions will be processed the next business day. While you can perform your transactions, the money may not go through immediately.

2. ATMs

If you simply can’t wait to make a cash deposit or withdrawal, our ATMs are always available 24 hours a day, 7 days a week. 

3. Come See Us Another Day

Bank holidays just mean you won’t be able to go into a branch and speak with a teller that day. Our lobby and drive-thru lines will be open and ready to serve you first thing in the morning on Tuesday, June 1, 2021.

We look forward to seeing you soon.

 

Bonus: Plan ahead!

The days that Abbeville First will be closed in 2021 are:
Independence Day: Monday, July 5th
Labor Day: Monday, September 6t
Columbus Day: Monday, October 11th
Veterans Day: Thursday, November 11th
Thanksgiving Day: Thursday, November 25th
Christmas Eve:  Closing at 1:00pm on Friday, December 24th

† When a holiday falls on Saturday or Sunday, most employees observed the holiday on the previous Friday or following Monday, respectively (5 U.S.C. 6103(b) and Executive Order 11582 3(a)).

3 Benefits of a Fixed Rate Mortgage Loan

If you’re in the home buying market, you’ve probably been inundated with information about your mortgage options. At a certain point all of the finance terminology starts to sound like a foreign language.

Thankfully, you don’t need to be overwhelmed when it comes to understanding a fixed rate mortgage. One of the most straightforward loans, many home buyers opt for this option due to their security and transparency. Here are a few benefits to consider when deciding if a fixed rate loan is best for you and your family.


  1. Lock in Your Interest Rate
    When you get a fixed rate loan from Abbeville First, the interest rate (the percentage you pay your lender in exchange for the loan) that you qualify for at the time of closing remains the same throughout the life of the loan. This means that even if interest rates increase, your mortgage payment stays the same every month.
    For families or individuals on a budget, this is a huge benefit of having a fixed rate loan. When you know exactly what you’re paying each month, budgeting and building a savings becomes easier.
  2. Transparent Loan Terms
    Many buyers opt for fixed rate loans due to their easy-to-understand terms and conditions. When shopping for a mortgage, a lot of the terms you’ll hear may sound overwhelming if you’re not familiar with the industry.
    Fixed rate loans are upfront with their terms and repayment schedule, and often come with an amortization schedule at closing. This schedule outlines each month’s payment, how much will be allocated towards principal (the original amount that you borrow) and interest, and exactly how much longer it will take to pay off the loan.
  3. Pay Towards Principal
    Since Abbeville First Bank doesn’t have any prepayment penalties, you have the option of paying extra money towards your principal each month. Even an amount as small as an extra $10.00 per month can help you make huge strides towards taking months, or even years, off your mortgage.

 

Ready to take the next step? Get pre-qualified for a Fixed Rate Mortgage today!

Bank Closed for Good Friday – Friday, April 2, 2021

Why is Abbeville First Bank Closed on April 2, 2021?

We follow the U.S. Federal Reserve’s holiday schedule. 

Though federal offices and some workplaces will be closed for Good Friday, many stores and restaurants will remain open for business. Bank holidays aren’t always the same day that people have off from work. This can lead to some of us thinking banks are open when they really are closed and vice versa.

What if you need us while we are closed?

1. Login Online or Use an App

This is the quickest and easiest method, you don’t even have to leave the warmth of your home! When you log in to your account online you can check balances, pay bills, move money around between accounts, set up alerts for a low balance or when a particular check clears, stop payments, and more!

Your banking abilities extend a little further, too, if you have our mobile app. It adds the ability to deposit checks right from your smartphone.
Personal Banking account apps: Apple Store or Google Play Store.
Business Banking account apps:  Apple Store or Google Play Store.

Since the U.S. Federal Reserve is still closed, some transactions will be processed the next business day. While you can perform your transactions, the money may not go through immediately.

2. ATMs

If you simply can’t wait to make a cash deposit or withdrawal, our ATMs are always available 24 hours a day, 7 days a week. 

3. Come See Us Another Day

Bank holidays just mean you won’t be able to go into a branch and speak with a teller that day. Our lobby and drive-thru lines will be open and ready to serve you first thing in the morning on Tuesday, January 19, 2021.

We look forward to seeing you soon.

 

Bonus: Plan ahead!

The days that Abbeville First will be closed in 2021 are:
Memorial Day: Monday, May 31st
Independence Day: Monday, July 5th
Labor Day: Monday, September 6t
Columbus Day: Monday, October 11th
Veterans Day: Thursday, November 11th
Thanksgiving Day: Thursday, November 25th
Christmas Eve:  Closing at 1:00pm on Friday, December 24th

† When a holiday falls on Saturday or Sunday, most employees observed the holiday on the previous Friday or following Monday, respectively (5 U.S.C. 6103(b) and Executive Order 11582 3(a)).

Bank Closed in Honor of President’s Day – Monday, February 15, 2021

Why is Abbeville First Bank Closed on February 15, 2021?

We follow the U.S. Federal Reserve’s holiday schedule. For over three decades, the U.S. has dedicated the third Monday of every February t0 celebrate George Washington, Abraham Lincoln, and the other men who have held our country’s highest office.

Though federal offices and some workplaces will be closed for the holiday on Monday, many stores and restaurants will remain open for business. Bank holidays aren’t always the same day that people have off from work. This can lead to some of us thinking banks are open when they really are closed and vice versa.

What if you need us while we are closed?

1. Login Online or Use an App

This is the quickest and easiest method, you don’t even have to leave the warmth of your home! When you log in to your account online you can check balances, pay bills, move money around between accounts, set up alerts for a low balance or when a particular check clears, stop payments, and more!

Your banking abilities extend a little further, too, if you have our mobile app. It adds the ability to deposit checks right from your smartphone.
Personal Banking account apps: Apple Store or Google Play Store.
Business Banking account apps:  Apple Store or Google Play Store.

Since the U.S. Federal Reserve is still closed, some transactions will be processed the next business day. While you can perform your transactions, the money may not go through immediately.

2. ATMs

If you simply can’t wait to make a cash deposit or withdrawal, our ATMs are always available 24 hours a day, 7 days a week. 

3. Come See Us Another Day

Bank holidays just mean you won’t be able to go into a branch and speak with a teller that day. Our lobby and drive-thru lines will be open and ready to serve you first thing in the morning on Tuesday, January 19, 2021.

We look forward to seeing you soon.

 

Bonus: Plan ahead!

The days that Abbeville First will be closed in 2021 are:
Memorial Day: Monday, May 31st
Independence Day: Monday, July 5th
Labor Day: Monday, September 6t
Columbus Day: Monday, October 11th
Veterans Day: Thursday, November 11th
Thanksgiving Day: Thursday, November 25th
Christmas Day:  Friday, December 24th

† When a holiday falls on Saturday or Sunday, most employees observed the holiday on the previous Friday or following Monday, respectively (5 U.S.C. 6103(b) and Executive Order 11582 3(a)).

Bank Closed in Honor of Martin Luther King Jr. Day – Monday, January 18, 2021

Why is Abbeville First Bank Closed on January 18, 2021?

We follow the U.S. Federal Reserve’s holiday schedule. For over three decades, the U.S. has dedicated the third Monday of every January to the memory and legacy of civil rights icon Martin Luther King, Jr.

 

Though federal offices and most workplaces will be closed for the holiday on Monday, many stores and restaurants will remain open for business. Bank holidays aren’t always the same day that people have off from work. This can lead to some of us thinking banks are open when they really are closed and vice versa.

What if you need us while we are closed?

1. Login Online or Use an App

This is the quickest and easiest method, you don’t even have to leave the warmth of your home! When you log in to your account online you can check balances, pay bills, move money around between accounts, set up alerts for a low balance or when a particular check clears, stop payments, and more!

Your banking abilities extend a little further, too, if you have our mobile app. It adds the ability to deposit checks right from your smartphone.
Personal Banking account apps: Apple Store or Google Play Store.
Business Banking account apps:  Apple Store or Google Play Store.

Since the U.S. Federal Reserve is still closed, some transactions will be processed the next business day. While you can perform your transactions, the money may not go through immediately.

2. ATMs

If you simply can’t wait to make a cash deposit or withdrawal, our ATMs are always available 24 hours a day, 7 days a week. 

3. Come See Us Another Day

Bank holidays just mean you won’t be able to go into a branch and speak with a teller that day. Our lobby and drive-thru lines will be open and ready to serve you first thing in the morning on Tuesday, January 19, 2021.

We look forward to seeing you soon.

 

Bonus: Plan ahead!

The days that Abbeville First will be closed in 2021 are:
Washington’s Birthday: Monday, February 15th
Memorial Day: Monday, May 31st
Independence Day: Monday, July 5th
Labor Day: Monday, September 6t
Columbus Day: Monday, October 11th
Veterans Day: Thursday, November 11th
Thanksgiving Day: Thursday, November 25th
Christmas Day:  Friday, December 24th

† When a holiday falls on Saturday or Sunday, most employees observed the holiday on the previous Friday or following Monday, respectively (5 U.S.C. 6103(b) and Executive Order 11582 3(a)).

Coronavirus COVID19 Stimulus Checks

Economic Impact Payments

The IRS and the Treasury Department have begun delivering a second round of Economic Impact Payments (stimulus check) for qualifying individuals as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.

You can check the status of your economic impact payment (stimulus check) through irs.gov/coronavirus/get-my-payment.

Frequently Asked Questions about the Stimulus Checks:

How will I get my payment?

If you are eligible to receive a payment, you will receive it in one of three ways:

    • By automatic deposit into the bank account reflected or reported on your 2019 or 2018 tax return.
    • If you have not given the IRS your direct deposit account information in the last two years you will receive a paper check from the US Treasury.
    • Note: During the last round of stimulus checks we learned that if you used a tax preparer who offered “instant” refunds, it is possible your paper check went there. You will need to contact your tax preparer for more information.
    • Instead of receiving a paper check, some customers will receive a prepaid card in the mail.

When will I get my payment?

Per the IRS and Treasury Departments, direct deposit payments may have begun appearing as “pending” in some accounts, however funds will not be available before Monday, January 4, 2021.
You might want to set up a direct deposit alert through your account online to be notified by text or email when you receive direct deposits. 

Paper checks with the pay date of Wednesday, January 6, 2021, began to be mailed on Wednesday, December 30, 2020. If you receive your check before the designated date you will not be able to cash or deposit it until the date displayed.

 

I received a check, now what?

Our lobby is open and ready to serve you! However, if you would rather keep a little more distance, you can make your deposit in our drive-thru. Don’t want to leave home? It is easy to deposit your check with our mobile banking app! 

Download our Android App | Download our Apple App


Why haven’t I gotten my payment yet?

We have no control over when you receive your payment (if it were up to us you would have it already). To learn more about eligibility and to check on your payment, visit IRS.gov/coronavirus.

 

How can I protect myself from scammers or fraud?

If you receive a suspicious email or text message, don’t respond, click on links, or open attachments! Please know that we will never ask for your confidential information (such as your card PIN, access code, or online banking password) if we reach out to you.

Should I visit the bank or call for additional information?

While it is always a pleasure to see and speak with you, our employees will not have access to the status of your economic impact payment. 

We encourage you to access your account online as a first choice for viewing account information. We will provide more information as it becomes available. In the meantime, please check  IRS.gov/coronavirus for more information.

Updated Hours for Christmas Eve & Christmas

Merry Christmas! We hope that you are able to truly enjoy the holiday season with the ones you love.


Why is Abbeville First Bank Closing at 1pm on December 24th, 2020?

We will be closing at One in the afternoon on Christmas Eve and will be closed on Christmas Day as well.  

We follow the U.S. Federal Reserve’s holiday schedule but the early closure on Thursday will allow our members to spend a little more time with their friends and family (following safe social distancing guides, of course).  We look forward to serving you again on Monday, December 28th.

What if you need us while we are closed?

1. Login Online or Use an App

This is the quickest and easiest method, you don’t even have to leave the warmth of your home! When you log in to your account online you can check balances, pay bills, move money around between accounts, set up alerts for a low balance or when a particular check clears, stop payments, and more!

Your banking abilities extend a little further, too, if you have our mobile app. It adds the ability to deposit checks right from your smartphone.
Personal Banking account apps: Apple Store or Google Play Store.
Business Banking account apps:  Apple Store or Google Play Store.

Since the U.S. Federal Reserve is still closed, some transactions will be processed the next business day. While you can perform your transactions, the money may not go through immediately.

2. ATMs

If you simply can’t wait to make a cash deposit or withdrawal, our ATMs are always available 24 hours a day, 7 days a week. 

3. Come See Us Another Day

Bank holidays just mean you won’t be able to go into a branch and speak with a teller that day. Our lobby and drive-thru lines will be open and ready to serve you first thing in the morning on Thursday, November 12, 2020.

We look forward to seeing you soon.

 

Bonus: Plan ahead!

The holiday closures that Abbeville First will be following over the next week are:
Christmas Eve: We will be closing at ONE on Thursday, December 24, 2020
Christmas Day: Friday, December 25, 2020
New Years Day: Friday, January 1, 2021

Keeping Your Money Safe while Shopping this Holiday Season

There’s no need to worry about shopping online this December. Keep reading for 5 tips on how to keep your accounts safe while shopping online this holiday season and all year long! 


1. Do your research and know who you’re shopping with.

That “perfect gift” you just saw in a Facebook Ad? Take a minute to do some research to make sure it isn’t a lump of coal. Ask others if they have shopped with that company before. Check their Facebook page for reviews. Look them up with the Better Business Bureau. Examine the website for poor grammar and/or misspelled words. Check the website’s privacy & shipping policy before providing personal or financial information.

Another way to double-check website security from the business you are purchasing from is to look at the left corner of the URL to confirm that there is a padlock icon and that the URL begins with HTTPS. These two details indicate that the site should have an extra layer of security attached to it. If those are missing abandon your cart & head over to a more trusted website! 

 

2. Use secure WiFI or a VPN

With the convenience of mobile sites and shopping apps, it can be so tempting to shop on the go. However, free (public) wireless networks make it much easier to intercept and steal your data. Go ahead & add to cart but wait till you get home to enter your payment information. Or just use the data connection on your phone. It’s significantly more secure than public WiFi. 

If you’re still worried, take the extra step of using a virtual private network (VPN). A VPN encrypts all the data coming in and out of your device, so no one can snoop on your internet activity and steal the information you input online, including logins and payment information.

 

3. Check statements regularly.

The holidays are prime time for scammers to make unauthorized charges on stolen cards. While you are busy shopping (online and in-person) for the ones you love, it can be easy to miss one purchase you didn’t make. Often we think that it’s one our spouse made or we just don’t remember who it’s for. 

Be sure to follow St Nick’s example and check your list twice! You can even set up account alerts and quickly dispute any purchases that you did not authorize. Keep your receipts (paper and email) to compare them against your statements.

 

4. Keep It Simple

One way to manage all your holiday shopping is to use the same card and email account for all of your holiday shopping. Using one email makes it easier for you to spot phishing emails and to keep track of your online orders in case something gets lost in the mail. Using a separate card from your everyday spending helps you keep a closer watch on exactly how much you have bought and has the added benefit of being able to quickly suspend activities without impacting anything else if the card gets compromised.

Any trustworthy website will email you a sales confirmation after your purchase. Don’t delete these emails until the item has arrived and you know that you are satisfied. While the vendor should have a record of the sale on their end, the receipt has information that you want to be armed with should you need to call customer service or return a purchase.

 

5. Use a credit card

There are laws that limit your liability for fraudulent charges on a credit card but not as many for debit cards. Also, use a credit card when using a payment gateway such as PayPal, Google Wallet, or Apple Pay. 

The reason we suggest this is because debit cards pull money directly from your account & can lead to problems in other areas if unauthorized charges come through. 

While in cases of fraud we will make things right if someone empties your checking account, seeing your money disappear can be a lot more stressful than seeing your credit card bill. You can minimize going over your budget by using a single, low-limit credit card to make all of your online purchases. 

 

 

Bonus: You can set up text or email alerts in your account for transactions that exceed a certain amount of money or if your account goes below a certain amount. This will let you know quickly if a cybercriminal has gone on a shopping spree with your account.