United Bank and Trust

Monthly Customer Tips

United Bank & Trust wants our customers to feel confident and educated when making financial decisions. We will help you make the financial decision that is best for you.



Fraud Tips

Fraud Tips

  • Stick to Window Shopping on Public WiFi - Banking and shopping online should only be done on devices and networks you trust; you never know who may be lurking on public networks.

  • Watch Out for Malvertising - Online banner or pop-up advertisements can conceal and inject malicious code. This "fileless" delivery technique involves no user interaction beyond surfing an infected website.

  • Update Your Computer Software Often - If you continue to use Windows 7 after January 14, 2020, it could leave you vulnerable to fraudulent activity or identity theft. Be safe an update your computer system now!

  • Delete Before You Dispose - When you dispose of, donate, or recycle computers, smartphones, and cameras, you may inadvertently disclose sensitive information which could be exploited by cyber criminals.

  • Check Your Credit Reports Regularly - If you were denied credit because of information in a credit report, you can ask the credit bureau for a free copy of your file.


Auto Purchase Tips


  • Don't Underestimate the Value of Your Credit Score - If applying for a loan, remember that the better your credit score is, the better your interest rate could be.

  • Factor in the Extra Expenses - Don't forget about the other expenses that come with purchasing a vehicle such as sales tax, tags, insurance, etc.

  • Get Pre-Approved - Get pre-approved for an auto loan so that you know what you can spend before you go shopping. Visit www.ubankonline.com to apply today.

  • Know Your Trade-in-Value - Research your current vehicle's trade-in-value to see how much you should receive from the dealership. Visit a valuation website and enter as much detail on your vehicle as possible for the most accurate value.

  • Give it a Test Run - Ask for a car history report on the vehicle you are interested in to make sure it's a good buy, as well as taking it out for a test drive to ensure the quality and value.


Home Loans

Home Loan

  • Determine Your Budget - Your debt to income ratio should not exceed 36%. This will help determine what you can afford to spend on a home. There are many online tools to aid in this process.

  • Start Saving for a Down Payment - One of the easiest ways to reduce your monthly payment is to avoid mortgage insurance. To do this, lenders require a down payment of 20% of the lesser of sales price or appraised value. If you do not have this saved, there are other options, but they will likely raise your monthly payments.

  • Complete a Pre-Qualification Request - Many realtors require a pre-qualification letter before showing homes to prospective buyers. A pre-qualification is not a loan approval, but provides a loan amount you may qualify for, under certain circumstances.

  • Stay Within Your Means - Find the home that fits you and your family, while taking your income and expenses into consideration.

  • Complete a Home Loan Application - Once you find a home, complete an application and provide all documentation to the bank as quickly and accurately as possible to keep the process moving. The entire process from application to closing can take up to 60 days.


Help youth start saving with these tips!

Boy with Piggy Bank

  • Track Spending & Saving - Help youth learn how to track where their money goes.

  • Understand Wants Vs. Needs - Teaching the difference between wants and needs will help youth develop good spending habits.

  • Set Attainable Goals - Short term and long term goals will help motivate youth to save more.

  • Set Aside a Portion of Income for Savings - Encourage youth to put a portion of each paycheck into savings.

  • Help Find a Safe Place to Save Their Money - Youth savings accounts are a great and safe way to start saving.


Don't be the next victim of fraud. Take preventative action today with these 5 tips.

Cyber Fraud

  • Be Aware Where You Share - Smart devices are convenient but each require a lot of personal sensitive information. Always secure the Internet of Things.

  • Maintain Computer Security - We input and view a lot of personally identifiable info on computers. Make sure your computer is secure by doing the following: Secure your router, Enable your firewall, Install and use Antivirus software, use a Non-Admin Account, apply software updates and enable automatic updates.

  • Ask Questions - Attackers use human interaction to obtain or compromise information about you or your business. Ask questions and don't assume they really are who they claim to be. Trust your gut feeling.

  • Avoid Fake Antivirus Software - Fake antivirus software programs are out there that steal information from you by mimicking legitimate security software. It will also prevent you from removing the program. Do your research before installing free software.

  • Act Quickly After Detecting Fraudulent Activity - You can minimize damage to your personal and financial information if you act quickly. Start by visiting IdentityTheft.gov to help you report and recover from ID theft.

Cybersecurity is a shared responsibility. For additional tips and resources for all age groups, visit the Department of Homeland Security's Stop.Think.Connect Campaign.


5 Things You Can Do To Start Saving

Piggy Bank

  • Start Small - No dollar amount is too small to start saving. By starting small, you can get a feel for your new budget and adjust from there.

  • Set Savings Goals - Determine what you're saving for and when you want to accomplish your goal.

  • Create a Savings Plan - Your goal will seem easier to reach if there are action steps to follow and milestones to reach.

  • Set Boundaries - Hold yourself accountable by setting funds into accounts with limited or restricted access such as a Pay Yourself First Savings, Money Market accounts or Christmas Club accounts.

  • Schedule Automatic Transfers - Set aside a portion of your payroll by scheduling online transfers from your payroll accounts to savings products on your pay date.


5 Things To Know About Credit Scores

Credit Score

  • Key items affecting your credit score are: Payment history – Amount of Debt – Length of Credit History – New Credit – Credit Mix

  • Credit scores are used by lenders, insurance companies, landlords, utility companies and service providers such as cell phone and internet companies.

  • Credit scores are used to determine eligibility for credit, as well as the price you pay for it.

  • Monitor your credit score with a free annual report from each of the major bureaus at bit.ly/acr-ubt

  • Learn more at bit.ly/fico-ubt

The information provided is intended for illustrative purposes only and may not be applicable to your individual situation.

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