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.



Ways to Save Money During the Holidays

Holiday Savings

  • Use Cash - Only withdraw the amount of cash you have budgeted. Once it is gone resist the temptation to spend more money.

  • Make a list (and check it twice) - Know who you are shopping for and what you want to buy them. Don't let potential gifts grab your attention or dollars.

  • Start early - In the future you can tackle the holidays without the blown-budget by opening a Christmas Club account that pays out in early November each year.

  • Give from the heart - Giving something homemade shows your gratitude and could save you money. Baked goods are a great option.

  • Use Technology - Use the United Bank & Trust Mobile App to track spending, transfer funds and get alerts about your holiday spending.


Shop Local

Shop Local

  • Keeps more money within the local economy - Typically for every $100 you spend locally, $68 stays in the community. Money that stays in the community can be used for schools, roads, hospitals, etc.

  • Embraces what makes your community special - We all want our communities to have unique local experiences.

  • Creates local jobs - Without jobs, we don't have people. Without people don't have a community.

  • Strengthens community development - Studies show that local businesses donate to community causes at a higher ate than chains.

  • Promotes entrepreneurship - Keeps people in your community instead of moving somewhere else.


Tips For Fraud

Fraud Prevention

  • Shake Up Your Password Protocol - Consider using the longest password or passphrase allowed. Be creative and customize passwords for different sites. Use password managers to remember different complex passwords for each account.

  • If You Connect, You Must Protect - Your best defense against viruses and malware is to update your software, web browser and operating system.

  • Play Hard to Get With Strangers - Do not respond and do not click on any links or attachments found in emails if you are unsure of who an email is from.

  • Keep Tabs on Your Apps - Check your app permissions and use the "rule of least privilege" to delete what you don't need or no longer use. Learn to just say "no" to privilege requests that don't make sense. Only download apps from trusted sources.

  • Never Click and Tell - Keep Social Security Numbers, account numbers, and passwords private. Disable location services that allow anyone to see where you are, and where you aren't, to protect yourself and valuables.


Tips For Beginning Farmers

Corn Field

  • Share Your Goals - Communication with your lender is key. Discuss your goals and build a plan to achieve them.

  • Open a Farm Account - Keep personal and business transactions separate. This will help you, your lender and accountant analyze profitability and production.

  • Keep Records Up-to-Date - Maintain records of all income and expense throughout the year to make tax time easier, as well as monitoring your financial progress.

  • Know Your Options - There are several government programs available to young farmers. Be sure to ask your UBT loan officer for information on these options.

  • Build Business Relationships - Communication with your accountant and crop insurance agent is just as important as keeping your lender in the loop. Partnership makes progress.


Banking On The Go

Fraud Tips

  • Download the UBT App - Use our free UBT Mobile app anytime, anywhere.

  • Discover Electronic Banking Features - You can view account balances and statements, transfer money, and make payments.

  • Set Custom Alerts - You can be notified when your balance is low, when a deposit or withdrawal is made, and when a payment has posted to a loan.

  • 24/7 Online Access - Online Banking and our UBT Mobile app is available 24 hours a day, seven days a week, wherever you are.

  • Pay Your Bills Online - Pay your bills with UPay, our secure online bill pay service, found within our UBT Mobile App or website. No more paying for stamps and envelopes.


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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