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SECURITY AWARENESS TERMS & TIPS

Terms

Phishing is when bad actors use an email to trick people into providing sensitive information such passwords, account numbers, PINs, credit/debit card numbers, or social security numbers.  The email often includes attempts to trigger emotions such as a sense of urgency with a link to click or an attachment to open.

Vishing is the same basic concept of phishing but when the bad actor tries the scam over the phone.
Smishing is like a phishing or vishing scam but attempted using a text messaging service.

 

Tips

Whether it is phishing, vishing, or smishing, you should be careful and remember these:

  • Your information is valuable even if you don’t think so.
  • Slow down and think before you hand over information.
  • If you did not initiate the call, then be suspicious. We will never call you and ask for your sensitive information.

 

Other general security tips:

  • Use strong passphrases rather than simple passwords.
  • Use a different password for each account you have.
  • Use 2-factor authentication for any account that uses the internet.
  • Use online banking to monitor your bank accounts for unexpected or fraudulent transactions and report them as soon as possible.
  • Make regular backups of your important files and test restore periodically to make sure the backups will work when you need them.

DISCLOSURES

California Consumer Privacy Act Notice

Thread Consumer Accounts Rate Sheet

Thread Sweep Program:

IntraFi Sweep Program for Unit Fintech Partnerships
Through the IntraFi Thread Deposit Sweep Program, available deposits will be “swept” (moved) into deposit accounts at one or more of our Program Banks. Cash deposits made to Program Banks are covered by Federal Deposit Insurance Corporation (“FDIC”) Insurance up to a minimum of $3,000,000 inclusive of deposits you may already hold at the bank in the same ownership capacity. Note: Thread Bank is not responsible for monitoring the amount of deposits in any Program Bank. For more information about the program, see the Thread Sweep Disclosure.

Note: If you have questions about which sweep program is applicable to your deposits with Thread Bank, please contact us at: customerservice@thread.bank.

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