In the digital age, your personal information is a key to many doors. Unfortunately, some of those doors lead to your finances. Identity theft is a serious concern, as thieves become increasingly sophisticated in their methods. It is not just about stolen wallets or phishing emails; identity thieves can piece together your information from various sources, leaving you vulnerable to financial loss and credit damage.

Understanding Identity Theft

Identity theft occurs when someone illegally obtains your personal information to commit fraud or theft. Thieves can use your personal information to open new accounts, file tax returns, or even commit crimes in your name. The emotional and financial toll can be devastating, with victims spending an average of 200 hours and thousands of dollars to recover their identities.

The Rising Threat Of Identity Theft

Identity theft can happen to anyone, anywhere. Currently, identity theft has continued to rise, affecting millions of individuals. In fact, the Federal Trade Commission received 5.4 million reports in 2023 alone. The consequences of identity theft are not just financial; they can take a significant emotional and psychological toll as well.

Effective Strategies To Protect Yourself

Below are some key steps you can take to protect your identity:

  • Monitor Your Credit: Regularly check your credit reports for any unauthorized activity. You are entitled to one free report from each credit bureau per year.
  • Use Strong Passwords: Create complex passwords and change them frequently. Consider using a password manager to keep track of them.
  • Be Cautious Online: Avoid sharing personal information on unsecured websites or over unencrypted connections.
  • Stay Informed: Keep up with the latest security breaches and be aware of how they may affect you.

The SmartChoice Solution

Banterra Bank understands the importance of protecting your identity. That is why we offer Banterra SmartChoice Checking account, designed to provide you with peace of mind for a low monthly fee. Here is how Banterra SmartChoice stands out:

  • IDProtect®: This Identity Theft Monitoring and Resolution Service1 includes credit file monitoring, access to credit reports and scores2, monitoring of over 1,000 public databases, identity theft expense reimbursement, fully managed resolution services, and more. Learn more about IDProtect on our website.
  • Credit Score Tracker: Keep track of your credit score monthly and watch how your financial decisions affect your creditworthiness.
  • Dark Web Monitoring: Stay ahead of identity thieves with proactive monitoring on the dark web for your personal information (registration/activation required).
  • Financial Wellness 360°: A comprehensive approach to managing and protecting your financial health.
  • Cellular Phone Coverage3: Receive up to $800 for replacement or repair costs if your cell phone is stolen or damaged, provided the bill is paid through your eligible account.

Additional Perks Of Banterra SmartChoice Checking

  • Digital Banking: Manage your finances on the go with Banterra’s online and mobile banking apps.
  • Free Online Statements: Opt for paperless statements and keep your financial data secure. Paper statements are also available for a nominal fee.
  • Free Bill Pay: Simplify your monthly payments with our easy-to-use bill pay service.
  • Discounted Checks: Get 50% off your first box of checks to get you started.
  • Account Transfer Services: Make managing your money easier with options for account transfers.

Making The Smart Choice

Choosing Banterra SmartChoice Checking is more than just opening an account; it’s a step towards comprehensive protection against identity theft. With Banterra Bank, you are not just a customer, but you are also a partner in the fight against fraud.

Remember, while identity theft can happen to anyone, taking proactive steps can significantly reduce your risk. With this account, you are not just choosing a checking account—you are choosing a fortress for your financial wellbeing. Click here to open your account today.

1 Benefits are available to personal checking account owner(s), and their joint account owners subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. 
2 You will have access to your credit report and score provided your information has been verified by the CRA. Credit Score is a VantageScore 3.0 based on single bureau data. Third parties may use a different VantageScore or a different type of credit score to assess your creditworthiness. 
3 Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide
to Benefits and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefits or on the certificate of insurance.
Insurance products are not insured by FDIC or any Federal Government Agency; not a deposit of or guaranteed by the bank or any bank affiliate.