Making Money Personal

Latest Episodes:

Supercharge Your Savings with Certificates - Money Tip Tuesday Sep 22, 2026

Show notes

In today’s financial climate, finding ways to cut spending and maximize savings is likely to be on everybody’s priority list. If you’re on the hunt for a way to get more for your money, look no further than your local credit union for a simple and safe way to grow your savings with certificates.

Links:

Learn more and explore certificates
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

If you've been keeping your money in a regular savings account and wondering whether there's a way to earn more without taking on investment risk, a certificate may be worth considering.

Today, we'll cover how certificates work, why they can be a powerful savings tool, and what you should look for when comparing high-yield certificate options.

What Exactly Is a Certificate?

Let's start with the basics.

A certificate, also known by many as a CD or Certificate of Deposit at other financial institutions, is a savings product that allows you to deposit money for a fixed period of time, known as the term, in exchange for a fixed dividend or interest rate.

In simple terms, you're agreeing not to touch that money for a specific timeframe, such as 6 months, 12 months, 24 months, or longer. In return, the financial institution rewards you with a higher rate than you would typically earn in a standard savings account.

Think of it as getting paid a premium for your patience.

Unlike stock market investments, certificates aren't subject to market fluctuations. You know exactly how much you'll earn when the certificate matures, which can provide peace of mind and predictability.

Why Are Certificates Attractive Right Now?

One of the biggest benefits of certificates is their ability to lock in a guaranteed return.

When certificate rates are elevated, savers have an opportunity to secure that rate for months or even years.

Let's say you have money set aside for a future goal, perhaps a home down payment, a new vehicle, a wedding, or a general savings fund you don't expect to need immediately.

A certificate can help that money work harder while still preserving your principal.

That's a key distinction.

Unlike investing, certificates focus on capital preservation and predictable growth.

For many people, that's exactly what they want for short-term and medium-term savings goals.

Who Should Consider a Certificate?

Certificates can be especially valuable for people who:

Have cash sitting in a low-yield savings account.
Are saving for a known goal within the next one to five years.
Want guaranteed growth without market risk.
Prefer a "set it and forget it" approach to saving.
Are looking to diversify between savings and investment accounts.

Certificates can also help remove temptation.

Because the funds are committed for a defined term, you're less likely to dip into your savings for impulse purchases or non-essential expenses.

What Should You Look for When Comparing Certificates?

Not all certificates are created equal.

If you're shopping around, here are five things to pay attention to.

1. The Yield

Most people focus immediately on the advertised rate, and that's important. Higher yields generally mean your money will grow faster.

However, don't stop there. Make sure you're comparing similar terms. A 12-month certificate should be compared against other 12-month certificates, not a 36-month product.

It's also important to understand whether the quoted return is the annual percentage yield, or APY, since APY reflects the impact of compounding. The rate advertised may not necessarily be the annual percentage yield, so make sure you look closer to detect the difference.

2. The Length of the Term

Ask yourself:

"When will I need this money?" If you're saving for a vacation next summer, a five-year certificate probably isn't the best fit. The term should align with your financial goal and your expected timeline. The goal is to earn more while still maintaining access when you need it.

3. Early Withdrawal Penalties

A certificate is designed to be held until maturity. If you withdraw funds early, you'll typically face a penalty that reduces some of the earnings.

Before opening a certificate, understand:

How the penalty is calculated
Whether any exceptions exist
How much flexibility you'll have if circumstances change

A certificate should complement your emergency fund, not replace it.

4. Minimum Deposit Requirements

Some certificates require a large initial deposit, while others can be opened with relatively modest amounts. Don't assume you need thousands of dollars to get started. Many financial institutions offer options that are accessible to a wide range of savers.

5. Your Overall Savings Strategy

One mistake some savers make is putting all their available cash into a single certificate. Instead, think about how it will fit into your broader financial picture. It’s not typically worth it to put all savings funds into a certificate account.

Your savings strategy should include at least:

An emergency fund that's easily accessible
A checking account for everyday expenses
A regular savings account for short-term needs

That leaves things like certificates for more medium to longer-term savings goals.

Here's a bonus tip.

Many savvy savers use what's called a "certificate ladder." Instead of putting all your money into one certificate, you divide it among several certificates with different maturity dates.

For example:

One 12-month certificate
One 24-month certificate
One 36-month certificate

As each certificate matures, you can reinvest or use the funds based on your current needs. This strategy can provide a balance between earning competitive yields and maintaining flexibility.

Certificates may not be flashy, but they remain one of the most effective tools for growing savings safely and predictably.

If you're looking for guaranteed growth, want to protect your principal, and have specific savings goals on the horizon, a certificate could be an excellent addition to your financial toolkit.

Before opening one, make sure to consider the yield, term length, early withdrawal penalties, minimum deposit requirements, and how the certificate fits into your overall savings plan.

If you'd like to learn more about certificate options and how they can support your savings goals, you’re welcome to visit our website or contact us at Triangle Credit Union to determine which certificates might be right for your financial plan.

Until next time, keep saving smart and making your money work harder for you.

New vs. Used Car Financing: What Should You Know? - Money Tip Tuesday Sep 15, 2026

Show notes

If you're in the market for a car, one of the first questions you'll face is whether to buy new or used. While most people focus on the sticker price, the financing side of the equation can have just as much impact on your monthly payment and overall cost.

Links:

Looking for financing options? Check out our competitive auto rates
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

In this tip, we're talking about one of the biggest financial decisions many of us make outside of buying a home: purchasing a vehicle. We’re going to break down the pros and cons of financing a new versus used vehicle and share some helpful statistics that could save you money.

Let's start with new vehicles.

The biggest advantage of buying new is predictability. New cars typically come with manufacturer warranties, the latest safety technology, and little to no maintenance concerns for the first several years.

When it comes to financing, new vehicles often qualify for lower interest rates than used vehicles because lenders view them as less risky. The Federal Reserve's auto loan data continues to show that financing costs for new vehicles generally run lower than rates offered on used vehicles.

But there is a tradeoff.

Vehicle prices remain historically high. Industry data shows the average new vehicle transaction price is around $49,000, while the average used vehicle sells for roughly $26,000. That's a difference of more than $20,000.

And then there's depreciation.

A new vehicle begins losing value the moment you drive it off the lot. While depreciation varies by make and model, it's often the largest hidden cost of buying new.

Now let's talk about used vehicles.

The biggest benefit is affordability.

A lower purchase price usually means a smaller loan amount, a lower monthly payment, and potentially less money spent over the life of the loan.

You'll also avoid the steepest depreciation that typically occurs during a vehicle's first few years.

However, used vehicles can come with higher financing rates and potentially more maintenance expenses as the vehicle ages.

There's another factor worth mentioning. Cox Automotive, the largest automotive technology and services provider, reports that it expects used vehicle prices to remain relatively stable, and wholesale used vehicle values have even shown modest increases due to strong consumer demand and limited supply.

That means finding a great deal on a quality used vehicle may require a little extra research and patience.

Whether you're shopping for new or used, here are three questions to ask yourself:

First: How long do I plan to keep this vehicle?

If you tend to drive your cars for 10 years or longer, paying more upfront for a new vehicle may make sense because you'll spread that cost over many years of ownership.

Second: What's more important: payment or total cost?

A lower payment can be attractive, but extending your loan term can significantly increase the total amount paid in interest.

Third: How much vehicle can I comfortably afford?

Financial experts often recommend keeping total transportation costs, including the loan payment, insurance, fuel, and maintenance, within a reasonable percentage of your monthly income. Wallet Hub reports a percentage of around 10%-15% towards transportation as ideal for a healthy budget.

Remember, just because you qualify for a certain loan amount doesn't necessarily mean that's what fits comfortably into your budget.

Financing Tips for Any Vehicle Purchase

Before you head to the dealership, consider these money-saving tips:

Check your credit score before applying.
Get pre-approved for financing so you understand your budget.
Compare loan offers from multiple lenders.
Focus on the total loan cost, not just the monthly payment.
Consider refinancing later if your credit improves or rates decrease.

Even a small difference in your interest rate can save hundreds or even thousands of dollars over the life of your loan.

At the end of the day, there isn't a one-size-fits-all answer.

A new vehicle may offer lower financing rates, warranty protection, and the latest features. A used vehicle may provide substantial savings and a lower overall investment.

The key is understanding the full financial picture, including the purchase price, financing costs, depreciation, and long-term ownership expenses.

Remember, Triangle’s team is always available and willing to help you find the right financing option for your next car purchase. You’re welcome to visit any local branch or contact us online or over the phone.

5 Simple Ways to Boost Your Credit Score - Money Tip Tuesday Sep 08, 2026

Show notes

What does your credit score really say about you? And more importantly, how can a few smart moves help you improve it? If you’re unhappy about your current score and looking for some ways to boost it a bit, or even a lot, keep listening because in this tip, we’re sharing some key things you can do to get that score you’ve always wanted.

Links:

Get a free report at annualcreditreport.com
Learn more about how to access your Better Checking account
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.
With interest rates still higher than many people have become used to over the last decade, your credit score can have a bigger impact on your wallet than ever before. Whether you're applying for a credit card, financing a vehicle, buying a home, or looking for a home equity loan, your credit score plays a major role in the rates and terms you receive.
The good news? Even small improvements to your score can make a difference.
Most credit scores range from 300 to 850. Generally speaking, a score of 670 or higher is considered good, 740 and above is very good, and 800-plus is excellent.
So, if your score could use a little help, here are five practical ways to start moving it in the right direction.
Tip number one: Give your credit a breather.
Every time you apply for new credit, a hard inquiry may appear on your report. One application won't do much damage, but several in a short period can. If you're not actively shopping for a loan, consider pressing pause on new credit applications.
Tip number two: Make every payment on time.
This remains the single most important factor affecting most credit scores. If remembering due dates is a challenge, set up automatic payments or reminders. Even one missed payment can have a lasting impact.
Tip number three: Lower your credit utilization.
In simple terms, that's how much of your available credit you're using. If your cards are close to their limits, try paying down balances. Many financial experts recommend keeping utilization below 30%, and even lower is better.
Tip number four: Build credit strategically.
If you're new to credit or rebuilding after a setback, a secured credit card or credit-builder loan may help. These tools can demonstrate responsible borrowing habits and gradually strengthen your credit profile.
Tip number five: Think carefully before closing old accounts.
It may seem like closing unused cards is always a good idea, but older accounts can help establish a longer credit history. If a card has no annual fee and isn't causing problems, keeping it open may actually benefit your score.
One more quick reminder: Regularly review your credit report for errors. Incorrect information happens more often than people realize, and identifying an issue early can save time and frustration. Check out annualcreditreport.com for a free credit report or if you have a Better Checking account you have automatic access to a free credit report every 90 days. Just log into your Better checking app to take a look.
Building a stronger credit score doesn't happen overnight, but consistent habits can lead to meaningful results. Focus on paying on time, managing balances wisely, and being intentional about new credit.

If there are any other tips or topics you'd like us to cover, let us know at tcupodcast@trianglecu.org. Also, remember to like and follow our Making Money Personal Facebook and Instagram to share your thoughts. Finally, remember to look for our sponsor, Triangle Credit Union, on Facebook and LinkedIn.

Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.

Margin: Your Budget's Breathing Room - Money Tip Tuesday Sep 01, 2026

Show notes

Struggling trying to find a little freedom in your budget because it's feeling way too tight, you just can't seem to get ahead? Don't fret because there's a factor that can help you get ahead if you can detect and leverage it. It's called margin and it's the key to advancing in a positive financial direction rather than falling farther behind.

Links:

Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

Have you ever looked at your budget and thought, “Where does all my money go?” You’re paying the bills, covering everyday expenses, making your minimum debt payments—and somehow, there never seems to be anything left over.

Today, we’re talking about a simple but powerful concept that can change the way you manage your money: margin.

So, what exactly is margin?

Margin is the money you have left after your income covers your essential expenses and regular financial commitments. Think of it as breathing room in your budget.

For example, if you bring home $4,000 a month and your necessary expenses total $3,600, you have $400 of margin.

That $400 is important because it gives you options.

Without margin, an unexpected expense—a car repair, medical bill, or higher-than-usual utility bill—can quickly lead to using a credit card or taking on additional debt.

But when you have margin, you have money available to handle those surprises without immediately reaching for credit.

And here's where margin becomes especially powerful: it can help you pay down debt faster.

Let's say you have $400 left over each month after your regular expenses. You could use that money to make an additional payment toward a credit card, personal loan, or other debt.

Even an extra $100 or $200 a month can make a meaningful difference over time.

But here's the important part: don't think of margin as money that you have to spend. Think of it as money you get to direct intentionally.

Maybe your first goal is building a small emergency savings cushion. Once you have that foundation, you can direct more of your monthly margin toward your highest-interest debt.

For example, imagine you have a credit card balance of $5,000 with a high interest rate. Your minimum payment may keep the account current, but it may take years to pay off the balance.

Adding an extra $200 to each payment every month can significantly accelerate your progress and reduce the amount of interest you pay over the life of the debt.

So, how do you create margin if your budget currently feels tight?

Start small.

Take a close look at your monthly spending and separate your expenses into three categories: needs, commitments, and wants.

Your needs might include housing, utilities, groceries, transportation, and insurance.

Your commitments could include debt payments, subscriptions, or other recurring expenses.

And then there are the wants—the purchases that aren't necessarily essential but that can add up over time.

Look for just a few areas where you can make small adjustments.

Maybe it's eating out one less time each week. Maybe you cancel a subscription you aren't using. Maybe you set a weekly spending limit for discretionary purchases.

You don't have to completely eliminate the things you enjoy. The goal is to create intentional spending so that some of your income has a purpose before you spend it.

And remember: margin isn't about being restrictive. It's about creating freedom.

When you have margin, you're less likely to live paycheck to paycheck. You have more flexibility when something unexpected happens. And you have an opportunity to make progress toward bigger financial goals.

So, if you're trying to pay down debt, don't just ask yourself, “How can I make a bigger debt payment?”

Ask yourself, “How can I create more margin in my monthly budget?”

Then give that margin a job.

Build your emergency savings. Pay down high-interest debt. Work toward a financial goal. Or eventually, give yourself room to save for something you've been putting off.

The goal isn't a perfect budget.

The goal is a budget that gives you breathing room, choices, and a path forward.

Because when you create margin, you're not just finding extra money.

You're creating financial flexibility—and putting yourself in a stronger position to take control of your debt and your financial future.

Thanks for listening, and remember: small changes can create meaningful progress when you make them consistently.

What to Do if You're a Victim of Check Fraud - Money Tip Tuesday Aug 25, 2026

Show notes

It’s a moment none of us wants to experience. The moment we learn someone stole our identity. Our head swims with questions. How did this happen? Where did I go wrong? How do I go about fixing it? There are many ways thieves target us and steal our information. From data breaches to check fraud, the tactics vary, but what matters most in this time is knowing the right steps to take to resolve the issue as soon as possible.

Links:

View and download the helpful Action Guide for step-by-step help with recovering from check fraud
Learn more about the America Saves Pledge
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

This week’s tip is a resource from the America Saves campaign focused on check fraud awareness and resolution. Take a moment, listen in, and share it with others so they can be made aware of this ongoing financial threat.

Finding out you’ve been a victim of check fraud can feel overwhelming.

Maybe a check was stolen from the mail. Maybe your account shows a payment you never authorized. Or maybe you deposited a check that turned out to be fake.

No matter how it happened, one thing is true: acting quickly matters. The sooner you respond, the better your chance of limiting financial loss, protecting your account, and preventing further fraud.

If you think you’re a victim of check fraud, here are the steps to take.

Step 1: Contact Your Financial Institution Immediately

Your first call should be to your financial institution. Tell them:

What happened
Which transaction looks suspicious
When you noticed it

Your financial institution may be able to:

Place a stop payment
Freeze your account
Open an investigation
Provide information needed to file a report with the authorities

Do not wait to “see if it clears up.” Time matters.

Step 2: Review Your Account for Other Fraud

Fraud may not stop at one transaction. Look through recent account activity for:

Other unfamiliar checks
Unusual withdrawals
New account changes you did not make

Review at least the last 30–60 days if possible. If your account information was stolen, criminals may attempt additional fraud.

Step 3: Document Everything

Keep records of:

Suspicious transactions
Check numbers
All related communications including calls, emails or text messages related to the fraud
Police or fraud reports

Write down dates, names, and case numbers. This documentation can help if you need to dispute charges or file reports.

Step 4: File a Fraud Report

Depending on the situation, you may need to report the fraud to local authorities or other agencies. This can be especially important if:

Mail was stolen
Identity theft is involved
A scammer targeted you online

Ask your financial institution what reports they recommend. Keep copies of everything.

Step 5: Secure Your Account

If your account information has been compromised, your institution may recommend that you open a new account.

Take additional steps like:

Changing online banking passwords
Updating PINs
Reviewing linked payment accounts

If you use the same password elsewhere, update those too.

Step 6: Replace Compromised Checks

If physical checks were stolen:

Report the missing check numbers
Store remaining checks securely
Order new checks if needed

Do not continue using compromised check numbers.

Step 7: Watch for Identity Theft

A stolen check contains personal information. Watch for:

Unfamiliar credit activity
Unexpected bills
Collection notices
New account openings

Continue monitoring your financial accounts regularly.

If You Deposited a Fake Check

If you deposited a fraudulent check as part of a scam, contact your financial institution immediately. Explain what happened. Even if the money appeared in your account, it may later be removed if the check is fake.

Remember: If someone asks you to send money back after depositing a check, that is a major warning sign.

How to Protect Yourself Going Forward

After fraud happens, it’s normal to feel cautious.

Moving forward:

Monitor your account weekly
Use account alerts
Mail checks securely
Keep checks stored safely
Be cautious with unexpected payments
Ask questions before acting

Fraud can happen to anyone. What matters most is how quickly you respond and what you do next.

Final Takeaway

Check fraud can be frustrating and stressful, but you are not powerless. Quick action can help protect your money and reduce the impact. Knowledge is one of your strongest tools. Download this action guide for step-by-step help on what to do, who to contact, and how to protect your money moving forward.

Want to continue building your financial confidence and awareness? Take the America Saves Pledge today! We’ll send you tips, tools, and resources to help you save for what matters most to you.

Episode 94: Empowering Hispanic Students Through Scholarships | NH Hispanic Scholarship Fund Aug 20, 2026

Show notes

In this episode we chat with Steve Drake, Executive Director at the New Hampshire Hispanic Scholarship Fund (NHHSF) about its mission, operations and impact on the NH and MA Hispanic communities.

Links:

NHHSF Website: https://nhhsf.org/
NHHSF contact page and social media: https://nhhsf.org/contact-us/
Contact Steve directly: sdrake@nhhsf.org
Learn more about Triangle Credit Union: https://www.trianglecu.org/
Check out TCU University for financial education tips and resources: https://triangleuniversity.org/
Learn more about Triangle Credit Union: https://www.trianglecu.org/
AD: Learn more about how Triangle's 40-Year Mortgage program makes homeownership more affordable: https://www.trianglecu.org/borrow/mortgages/

How to Detect Check Fraud Early - Money Tip Tuesday Aug 18, 2026

Show notes

Identity theft red flags are no joke. From a suspicious looking email, to an alarming text message, learning how to detect fraud before it happens is a critical skill we all need to develop. Detecting fraud before or even during an event can make a big difference in determining how much time and resources you’ll need to spend fixing the damage done.

Links:

Download and use the Check Fraud Detection Checklist
Learn more about and sign the America Saves Pledge
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

This week we’re sharing a tip from the America Saves Check Fraud awareness campaign focused on how to detect fraud, particularly check fraud early, so you can act quickly to stop fraudsters in their tracks before too much damage is done. Take a moment, listen in, and share it with others so they can be made aware of this ongoing financial threat.

Whether a check was stolen from the mail, altered, forged, or used in a scam, the sooner you notice suspicious activity, the better your chances are of limiting financial loss and protecting your account. The challenge? Check fraud is not always obvious right away.

A payment may seem delayed. A check might clear for the wrong amount. Or you may notice a transaction you don’t recognize weeks later. That’s why regular account monitoring matters. Here’s how to spot the warning signs of check fraud and what to do if something doesn’t look right.

Warning Signs of Check Fraud

Fraud often leaves some clues. Knowing what to look for can help you act quickly.

1. A Check Hasn’t Been Cashed When You Expected It To

If you mailed a payment and it has not been processed within the normal timeframe, it is worth checking on. This does not always mean fraud, but it could mean the check was delayed, lost, or intercepted.

What to do: Start by contacting the person or company you paid, and confirm whether they’ve received it or not.

2. A Check Clears for the Wrong Amount

One of the clearest warning signs is a check clearing for more (or less) than you wrote it for. This may happen in cases of check washing or altered checks.

What to do: Compare your check register or payment records to your account statement, and review the check image. Most financial institutions provide them through online banking, or you can request them at your local branch or customer service line.

3. You See a Payment to Someone You Don’t Recognize

If your account shows a check made out to a person or business you did not authorize, that could be a sign of fraud. This may happen with forged or altered checks.

What to do: Review the transaction details immediately, and contact your financial institution right away

4. Missing Checks or Missing Mail

If checks from your checkbook are missing or you notice missing mail, it may signal theft. Stolen blank checks can be used fraudulently.

What to do: Secure your remaining checks; report missing checks to your financial institution and any missing mail to the post office.

5. Unfamiliar Withdrawals or Account Activity

Not all fraud appears as a check image. Sometimes fraud starts with stolen account information and shows up as other account activity.

What to do: Watch for small test transactions, unusual withdrawals or multiple failed payment attempts.

Simple Ways to Monitor Your Accounts

The best way to catch fraud early is to make account monitoring a regular habit. It does not have to take long.

Set Up Account Alerts

Most financial institutions allow you to set up alerts for withdrawals, deposits, checks clearing, low balances and large transactions. These alerts can help you spot suspicious activity quickly.

If you are not comfortable using mobile banking, ask your financial institution if they offer phone, text or email alerts.

Review Your Account Weekly

A quick weekly review can help you catch issues before they grow. Check for payments you don’t recognize, checks clearing for the wrong amount, or missing expected transactions. Even five minutes can help.

Check Your Cleared Check Images

Many financial institutions allow you to view images of checks that have cleared. Look for the correct payee, correct amount, and your actual signature. This can help spot altered or forged checks.

Keep a Simple Record of Checks You Send

Whether it’s a checkbook register, a notebook, or a note on your phone, tracking helps. Record the date you sent the payment, the amount and the recipients information. That makes it easier to compare later.

Be Careful with Unexpected Checks

If you receive a check you were not expecting, especially tied to a job, prize, or payment request….pause! Ask questions before depositing it. Unexpected money is often a warning sign.

What to Do If You Notice Something Suspicious

If you think something may be wrong, act quickly.

Step 1: Contact Your Financial Institution

Review what you’ve noticed with them. They can assist with freezing or flagging the account and transaction, place a stop payment or investigate the issue further. The sooner you contact them, the better.

Step 2: Gather Your Records

Collect check numbers, account statements, payment records, and any related emails, text, or related messages. Having information ready can speed up the process.

Step 3: Monitor Closely

After reporting suspicious activity, keep watching your account. Fraud sometimes happens in more than one transaction.

Step 4: Change Account Security If Needed

Depending on the situation, it may be recommend that you close your account and open a new one, update passwords or add extra account protections.

Early Action Can Make a Big Difference

Check fraud can be stressful but early detection gives you more options.

The key is simple:

Review your account regularly
Pay attention to missing or unusual transactions
Act quickly if something feels off

Small habits can help protect your money. Download our check fraud detection checklist to help monitor your account, track payments, and catch suspicious activity sooner.

If you’re ready to learn more about how small steps can help build your financial confidence, take the take the America Saves Pledge today. It’s a simple commitment to save for what matters most to you, one step at a time.

5 Common Types of Check Fraud You Should Know - Money Tip Tuesday Aug 11, 2026

Show notes

This month we’re joining in the call to raise awareness about the ongoing dangers of check fraud. Regardless of whether or not you still write paper checks, this information still matters because it is one of the many ways fraudsters are trying to steal money from unsuspecting victims.

Links:

View and download the One Page Guide on common types of check fraud
Learn more about the America Saves Pledge
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

This week’s tip is a resource from the America Saves campaign presenting 5 specific types of check fraud to stay on guard against. This important awareness campaign is coordinated by the nonprofit Consumer Federation of America (CFA) which is dedicated to helping individuals save money, reduce debt, and build wealth. Take a moment, listen in, and share it with others so they can be made aware of this ongoing financial threat.

Let’s get into the 5 specific types of check fraud you should be aware of.

Even in a digital world, checks (paper or electronic) contain valuable information that criminals can use to steal money or commit fraud. At the same time, scammers are increasingly combining traditional check scams with electronic payments, mobile deposits, and peer-to-peer payment apps.

Understanding the most common types of check fraud can help you recognize warning signs and better protect your money.

1. Mail Theft

One of the most common ways check fraud begins is through stolen mail.

Criminals may target residential mailboxes, apartment mailrooms, or public collection boxes looking for outgoing checks such as rent payments, utility bills, or personal checks.

Once stolen, those checks may be altered, copied, or used to access personal banking information.

To reduce risk:

Drop mail inside the post office when possible
Avoid leaving outgoing checks in unsecured mailboxes overnight
Monitor expected payments and mail delivery closely

2. Check Washing

Check washing happens when a thief steals a completed check and removes the ink using chemicals. Once the original writing is removed, they rewrite the check with a new payee name or a larger amount.

For example, a $50 utility payment could become a $500 payment to a fraudster.

Even a small check can be changed into a much larger fraudulent payment.

Using permeant gel pens and avoiding blank spaces on checks may help reduce the risk of alteration.

3. Counterfeit Checks

Counterfeit checks are fake checks created using real bank account information. Scammers may use stolen logos and routing and account numbers to print checks that look legitimate. This can happen after mail theft or data theft.

Counterfeit checks may be used to make purchases, withdraw cash, or scam others.

Just because a check looks official does not mean it is legitimate.

4. Fake Check Scams

Fake check scams often begin with an unexpected opportunity or payment.

A scammer may:

Offer a fake job
Send a prize or lottery payment
“Overpay” for an online purchase
Send money for supplies or equipment

The victim is then instructed to deposit the check and quickly send some of the money back.

Many of these scams now involve electronic checks, mobile deposits, or peer-to-peer payment apps. A scammer may email a digital check image, ask someone to deposit it through a banking app, and then pressure them to send money electronically before the check fully clears.

Although funds may appear available in an account, the check can still later be rejected and could leave the victim responsible for the lost money.

Young adults, first-time workers, and online sellers are frequently targeted by these scams.

5. Forged Checks

Forged checks happen when someone signs or changes a check without permission.

This may include:

Signing another person’s name
Altering payment information
Changing endorsement details

Forgery can happen through stolen checkbooks, lost checks, or unauthorized access to financial information.

Monitoring your account regularly can help you spot suspicious activity sooner.

Why This Matters

Check fraud continues to evolve, and scammers are finding new ways to combine traditional check fraud with digital payment methods.

The good news is that awareness and simple habits can help reduce your risk.

Understanding how these scams work can help you:

Spot warning signs earlier
Avoid common scams
Protect your banking information
Take action quickly if something seems wrong

How to Protect Yourself

Monitor your accounts regularly
Set up banking alerts
Be cautious with unexpected checks or payments
Never send money back based on a deposited check alone
Use secure mail drop locations whenever possible

Learn More

Protecting your money starts with awareness. Download the helpful one-page guide that focuses on common types of check fraud, signs to watch for, and prevention tips. Link will be in the show notes.

Want to continue building your financial confidence through education? Follow the link in the show notes to take the America Saves Pledge today for tips, tools, and resources to help you save for what matters most to you.

Skimming and Gluing: Two Criminal Practices to Watch For - Money Tip Tuesday Aug 04, 2026

Show notes

How often do you reach for cash when making a purchase? If you are like most Americans, it’s not very often, and the bigger the purchase, the more likely you are to use a credit or debit card. Fraudsters are aware of these statistics so they develop tricky tactics to intercept your card information during the purchase process.

Links:

Check out the news story covering gluing: https://abc7news.com/glue-in-atm-slot-chase-scam-tap-card-bank/12935385/
Learn more about Triangle's Better Checking account with ID Protection
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

Now, more than ever, it’s important to safeguard sensitive card information to prevent an interruption in your ability to make important purchases. It’s often stressed to pay attention to any attempts to steal our information when we use our cards online, but the unfortunate reality is that even if the card stays in your physical possession while paying, there are several ways that your card information can be stolen or used fraudulently. Let’s revisit two of these criminal practices, and learn how you can be your own superhero and stop fraud before it happens.

Skimming

You’ve probably heard about this one before. Skimming is a technique employed by criminals to steal sensitive payment card data, including credit or debit card numbers, PIN codes, and other personal information. Even though this illegal technique has been around for more than twenty years, it is still one of the most common types of card fraud. It typically occurs when a physical device, known as a skimmer, is placed on or near a legitimate card reader, such as an ATM or a point-of-sale (POS) terminal at a store or gas pump. The skimmer is designed to capture card data, while an additional component, like a hidden camera or keypad overlay, records PIN codes or other information about the payment card transaction.

Even if you have a chip card, many card terminals still use the magnetic stripe on the back of the card in addition to or instead of the chip. The only transactions that are not subject to skimmers are those where you do not insert your card past the chip portion, therefore, the magnetic stripe is not readable, or you use Tap-to-Pay. Tap-to-Pay allows a cardholder to physically tap the card on the device, which uses short-range wireless card reader technology to access the account, rather than relying on the physical attributes of the card.

How to Detect a Skimmer:

Examine the Card Reader Carefully: When using an ATM, or a POS terminal at a store or fuel pump, check the device for anything that looks odd. Fraudsters may attach a skimmer directly over the card slot or PIN pad, resulting in something that is not the same color or shape or looks bulky. Look for any other signs of tampering, such as scratches, glue residue, or a loose-fitting card slot (touch to see if it moves). If anything seems suspicious, avoid using the machine and report it immediately.
Use Your Hand to Shield Your PIN: You may have developed a habit of using your hand to shield the keypad when entering your PIN code if you are in line at the grocery store, but what about when you are alone at an ATM or gas pump? You need to include this as a habit every time you enter your PIN, no matter where you are. Criminals often install tiny miniature cameras at the point where a skimmer is installed to capture your PIN, as the skimmer captures the information from your card.
Use Secure and Trusted Devices: Whenever possible, use ATMs or payment terminals that are in well-lit, secure areas. When filling up, choose pumps close to and within sight of employees. Illegal skimmers must be installed by someone, and criminals will choose areas where they are the least likely to be noticed and caught.
Monitor Your Accounts Regularly: Regularly review your bank statements, credit card statements, and transaction history for any unauthorized or suspicious activity. Report any discrepancies to your financial institution immediately.

Gluing or "Glue-and-Tap"

Gluing or Glue-and-Tap is a method that criminals are using at ATMs to access your bank account directly, skipping the need for your card information altogether. This scam typically occurs at a free-standing ATM in a well-trafficked area where people approach on foot. It goes like this. The perpetrator pours glue into the card reader, setting up the scam. Sometime later you visit the ATM to retrieve cash, but you find that you can’t insert your card. A seemingly helpful bystander tells you that the machine is jammed, but if you tap your card, you can still make a withdrawal. At that point, you tap either your card (or phone), enter the PIN required for tap transactions, and leave, often even thanking the “helpful” stranger. The bystander is counting on you, the victim, not being familiar with this type of withdrawal and unaware that you will need to take an extra step to exit the account on the screen before leaving the ATM. Unlike when a card is inserted, and the account window closes when the card is removed, a tap transaction must be closed out on the screen. The criminal perpetrating this scam expects the victim to be unfamiliar with the process, and they can then drain the account that has been left open. Some victims even report being uncomfortable due to the bystander's presence; therefore, completing their transaction and being distracted in their effort to leave the area quickly and safely, leaving their account window open, even if they know better. Scammers utilized this method back in 2023 during a series of incidents in San Francisco, which was featured in a video news report.

To help protect yourself, avoid any ATM with a card reader that doesn’t seem to work properly. If you are comfortable using the tap feature on your phone or card for transactions, always wait for the prompt asking if you are finished and confirm that your account is no longer accessible before leaving.

It's up to all of us to stay protected against identity theft, particularly in the case of payment card fraud. But if a criminal gets your payment card, they may not stop there. If you feel you may be a victim of identity theft, we have professionals standing by to help you get your life back on track. If you have a Better Checking account at Triangle, take a moment to review and activate your monitoring benefits. This will help you stay informed of any activity that could indicate you are a victim of identity theft.

Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.

Save Smarter with a Smart Money Bundle - Money Tip Tuesday Jul 28, 2026

Show notes

Managing your money should feel simple, not stressful. With the right accounts and smart financial tools, reaching your goals and staying in control of your finances has never been easier. That’s why we created the Smart Money Bundle—a convenient solution designed to help you make the most of your money.

Links:

Check out Triangle's Smart Money Bundle for a smarter way to save
Learn more about Triangle's no minimum balance, Better & Basic Checking account options
Learn more about our Direct Deposit Drawing and the chance to win $750! Enter the drawing by October 4, 2026. See Official Rules for additional details.
Download our Direct Deposit Form to start setting up your first direct deposit.
Learn more about our higher-than-average tiered rates Online Savings account to jump start savings.
Learn more about our Goal Builder tool to set up and automate savings goals.
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.

The sun is shining, children are out of school for the summer, and you may be planning to (or have already scheduled to) take time off from work for vacation; this is the time of the year when you want to sit back and relax while enjoying the nice weather with friends and family.
But something that should never take a back seat is your finances because your financial situation is important and your future matters.

Looking for a simple way to stay on top of your finances? With the right combination of accounts and services, you can make everyday banking easier while building toward your savings goals.
With Triangle’s Smart Money Bundle, you can improve your finances and create your own financial goals. Here’s how to take advantage of bundle:

1. Open a No Minimum Balance Checking Account

You don't need a hefty minimum balance in checking anymore-- you just need enough to cover the transactions!
Avoid the penalty of low minimum balances on your checking with one of our great checking account options. Better Checking Account with Identity Protection* or Basic Checking Account.
Both of these checking accounts come with a contactless debit card, so for more security and convenience, add it to your digital wallet and get on with your summer adventures.

2. Set Up Direct Deposit with Early Paycheck

Did you know that you could receive your paycheck up to two days early with ACH approval from your employer if you set up direct deposit?
Plus, for a limited time we’re running a special drawing you don’t want to miss! From now until October 4th 2026, when you set up a new direct deposit, you’ll be entered into a drawing for your chance to win $750*.
*There’s no purchase necessary so visit triangleuniversity.org/contests/ or follow the link in the show notes for full drawing rules.

If you’ve been putting off setting up a direct deposit for a while now, don’t miss this chance. It’s the perfect time to get started and super easy with our simple direct deposit form . Access the form directly using the link in the show notes.

3. Open an Online Savings and Begin Saving with Goal Builder
Your funds are easily accessible and available for online transfers with a Premium Online Savings account.

This savings account has higher-than-average tiered rates and there is no minimum deposit required to open, no limits to deposit, and no limits to withdraw funds thereafter.

After opening your online savings account, begin saving towards the goals that matter most to you with Goal Builder. Goal Builder is our online banking tool that helps you save towards your financial goals, automatically so you can take the stress and guess work out of saving.

Triangle’s Smart Money Bundle was designed to highlight three financial products and services that when utilized together, can simplify your financial journey. Visit Smart Money Bundle - Triangle Credit Union to learn more about the Smart Money Bundle and get started today!

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected