COVID-19: Five Steps to Protect Your Finances

Tue, 31 Mar 2020

Webster Bank has a long history of supporting our customers in challenging financial times. In that same spirit, we want to offer you a few steps to manage and protect your finances during this challenging time. Please know that Webster is ready to help you however we can.

#1 | Be wary of cyber scammers.

Unfortunately, cyber scammers are already taking advantage of the current crisis. Be wary of emails with suspicious attachments or links to websites that try to trick victims into revealing sensitive information or donating to fraudulent charities or causes.

Webster Bank will never call you and ask for your PIN or social security number.

#2 | Establish remote access to your bank accounts.

Webster is taking all appropriate steps to keep our customers and our employees healthy. You can always access our services 24 hours a day, 7 days a week via online banking or our mobile banking app. You can also speak with a Webster banker by calling our toll-free service number at 800-325-2424. If you haven’t yet set up your online banking access, take a few minutes to do that now at WebsterBank.com.

#3 | Don’t make rash decisions about your long-term investment plan

Even with the current market disruption, it’s important to maintain a clear vision of your long-term financial goals and the plan you have for getting there. Sometimes this means staying the course and following your long-term plan.

Webster’s licensed Financial Consultants can help you make well-informed decisions based on your specific situation. They’re available toll-free at 877-838-1570.

#4 | Talk to your Webster banker about flexible service options.

To support our customers, Webster offers several options to provide easier access to your funds, including:

  • Increased, individualized daily Webster debit card spending limits

  • Increased, individualized remote deposit limits

  • Waived penalties for early CD withdrawals up to $25,000

Webster can also help with need-based options loan payment alternatives with:
for payment deferrals on mortgages, home equity or personal loans

#5 | Stay informed

There is no shortage of “news” about this crisis through every available communications outlet. But it’s critical that you continue to get your updates from credible, reliable sources. We’ve collected the links to a few of those sources in the attached document. Please feel free to share this with those who may find this information helpful.

We also encourage you to call Webster for answers to your questions as they evolve. We’re here for you 24 hours a day, 7 days a week at 1-800-325-2424.

We have been so inspired by all the ways we’ve seen our customers leading their families, their businesses, and their communities through these trying times.

Please know that we’re here to support your efforts, to answer your questions and to continue helping you better manage and protect your financial resources.

The opinions and views in this blog post are those of the authors, and are not intended to provide specific advice or recommendations for any individual. All loans are subject to the normal credit approval process.
The Webster Symbol is a registered trademark in the U.S.
Webster Bank, N.A. Member FDIC. Equal Housing Lender.
© 2020 All rights reserved. Webster Financial Corporation.

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