Bank Note Counterfeiting: Security Features

Cash is a popular means of payment and that creates opportunities for counterfeiters. Canadian bank notes have security features that are easy to check and hard to counterfeit. However, polymer and paper bank notes are secure only if you check these features. This video helps you verify bank notes, and informs cash handlers how to deal with suspicious notes.

Talk With Our Kids About Money Day Program: Kit for Parents or Guardians

Last week, we provided a brief overview of Talk With Our Kids About Money Day Program, a financial literacy initiative from the Canadian Foundation for Economic Education and the Bank of Montreal.

The program’s website is a hub of wealth of information and tools that we decided to log in to see what it has to offer specifically to parents or guardians.

The section is broken down into the following five segments:

  • Overview – A brief review of the TWOKAM program and what it do for parents/guardians and children.
  • Resources – A listing of practical references and tools to show how parents/guardians can teach their kids about money management. Parents/guardians can access:
    o Activities that can done in your community
    o Games to help kids learn
    o Links on the web
    o Books that have stories about money management
    o References from BMO
    o Craft ideas
    o Movies, Music & TV about money
  • Tips and Suggestions – A collection of money management advice that you can share with children.
  • Helpful Links – An extensive list of links elsewhere on the web dealing with every day issues about money.
  • Contact Us – Parents/guardians can submit their questions and comments.
  • Share Your Stories – An opportunity to share your experiences with your children when it comes to talking about money.

Below is a screenshot of the sample set of advice provided in “Tips and Suggestion” section.

TIPS

Talk With Our Kids About Money Day Program

The Canadian Foundation For Economic Education along with the Bank of Montreal twokamintroduced the Talk With Our Kids About Money Day Program, an initiative to engage youth about money matters that will have an impact in their lives.   Although this is a year round initiative, the third Wednesday in April is selected to be Talk With Our Kids About Money (TWOKAM) Day.   This year, (TWOKAM) Day is April 15, 2015.

The topics that are covered in the program can be taught in the classroom and or covered by parents at home.

  • School teachers can find a special ‘Teacher’s Kit’, on the  program`s website that which includes ideas for saving money, lesson plans to share that information with the students, and pamphlets describing the “Money Talks” campaign for students to take home to their parents.
  • Parents can visit the website to gather ideas on how to discuss saving money with their children which includes recommended activities and is organized by age group.

In addition, there is a section for members of the media.   This specific section contains resources to learn about the program and information to better cover financial literacy when it comes young individuals.

In our next blog post, we will highlight the various tools and references that are contained in the TWOKAM `Parents/Guardian section.

20 Tips To Fight Against Fraud

Nobody enjoys being a victim of fraud.   Not only is it costly, fraud can strip you from ???????????????????????????????your ability to trust another person who is attempting to help you out financially.
Although March is fraud prevention month, individuals should take every opportunity to avoid placing oneself in situations to be an easy target for fraud.
Below are 20 tips that will aid in protecting yourself from against debit / bank card, credit card, telemarketing, identity and investment fraud.

Debit / Bank Card Fraud

1.    Avoid using automatic bank machines that are not associated with a bank.  These machines are known to have cloning devices which will obtain a copy of your card and the information that is stored on it.

2.    Do not write down your Personal Identification Number (PIN).  Be sure to select a number that is easy to remember but it should not be easy to figure out such as a birthday or a portion of a phone number.

3.    When making a payment, be sure that the card does not leave your sight.   If you are told by an individual that he or she has to go to another terminal to process payment, go with them to ensure that card does not get tampered with or switched for another card.

4.    Monitor your balance.  Be sure that your credits and debits are correct.   Any errors should be reported immediately to your bank.   Unsuspected debits are signs that someone has indeed gain access to your bank account.

Credit Card Fraud

1.    Destroy past statements.  If you still receive your statements via the mail, be sure to destroy them once they are no longer needed. Use a pair of scissors to shred portions of the document, especially your account number. Consider disposing the number in another container and or manner.

2.    Track your automatic charges.  If you have a monthly expense placed on your card, check if the amount charge remains the same.  Any additional charges should be questioned and reported.

3.    Verify your bill before sign it.  Be sure that you are paying for the items that you actually bought and free from other charges.

4.    Shop online in a security environment. If you are an online shopper, always double check if the site has security features that prevents online fraud of any kind.

Telemarking Fraud

1.    Avoid talking to individuals bearing gifts.  Do not spend time with the individual that has the responsibility to extract as much information from you as possible.  (This tip can apply to text messages that you receive on your smartphone.)

2.    Track reoccurring calls.   In the event that you are receiving calls from a phone number that you do not recognize, write it down and the time of the calls.  If you see a pattern, report it to the authorities.

3.    Protect your phone number.  Always be vigilant in terms of who give your phone number to especially when you are completing an application.   Your contact information is being sold and placed in a database where fraudsters can obtain it for their own use.

4.    Avoid entering contests or lotteries by phone.  No matter the size of the cash prize or gift, do not participate in contests or lotteries by simply using providing your phone number.  Fraudsters tend to use the promise of prizes and gifts to just collect phone numbers for a bigger initiative.

Identify Fraud

1.    Limit the amount of personal identity documents or cards that you carry.  You may not need to have several credit cards on you at all times.

2.    Check your mail.  Be sure that all delivered mail to your home address has your name on it.   Strangers should not be using your address as a post box office.

3.    Do not wait to update your contact information when moving to another address.  When you change your address, make sure you notify the post office and all relevant financial institutions.

4.    Destroy all old documents with personal information.  Make sure you shred personal and financial documents before putting them in the garbage.

Investment Fraud

1.    Validate promised returns.  If you are hooked by an opportunity that has a great return on investment attached to it, double check the information.  Either conduct some research on the internet or talk to a financial advisor.

2.    Do not invest under pressure.  If you are pressed to make investment, be cautious and take your time and think over where and why you are putting your money away to grow.

3.    Never invest over the phone with someone new.  Be sure to meet with the new advisor to know more about him or her and their insights into investing.

4.    Be aware of current investment scams before it is too late.  Scams are usually executed for a fixed amount of time.   The sooner you are aware of the fraud strategy, the better position you will be in to protect yourself.

Youth Talent Show for the Black History Month

Saturday February 28rd 2015, at the Oscar Peterson Concert Hall located at 7141 Sherbrooke Street West, the Carrefour jeunesse-emploi de Côte-Des-Neiges presents a MMTalentShowFINALyouth artistic talent show to promote financial literacy and civic engagement.

This event will be an occasion for the public to witness to a dynamic talent show and to discover our program which helps youth to become financially responsible.

We also would like to encourage youth to be leaders within their communities.

Mr. Douglas Lloyd from Blackmontreal.com will be the recipient of the Monnaie Money Award of Appreciation for 2015.

Un Concours de talent pour le Mois de l’histoire des noirs

Samedi le 28 Février 2015, à la Salle Oscar Peterson située au 7141 rue Sherbrooke Ouest, le Carrefour Jeunesse-emploi de Côte-des-Neiges présente un concours de talents artistiques sur le thème de l’éducation financière et de l’engagement civique de la jeunesse du Grand Montréal.

MMTalentShowFINAL

Cet évènement sera une occasion pour les jeunes d’assister à un spectacle original et de découvrir un programme qui pourrait les aider à devenir plus responsables avec leurs finances.

De plus, nous souhaitons encourager les jeunes montréalais qui ont le sens de l’initiative et qui travaillent à devenir des leaders au sein de leur communauté.

Samedi le 28 Février 2015 à 19h00
Heure : Les portes seront ouvertes @ 18h00
Lieu : Salle de concert Oscar-Peterson
Adresse: 7141, rue Sherbrooke Ouest, Montréal, QC, H4B 1R6
Pour plus d’informations veuillez contacter :
Brian Smith – Carrefour jeunesse-emploi de Côte-des-Neiges
(514) 342-5678 ext.228 ou Cellulaire (514) 817-3941
brian.smith@hotmail.ca ou garrytproductions@hotmail.com
Venez recueillir de l’information sur les finances personnelles. Cela pourrait changer votre vie! Courez aussi la chance de gagner des prix de présence offerts par nos commanditaires !
Cet évènement est pour toute la famille !