Author: Reliabank

Sarah’s phone lights up. It’s her bank. At least, that’s what it says. The caller ID matches exactly. Same name. Same number she’s seen before. She answers. “Hi Sarah, this is the fraud department. We’ve detected suspicious activity on your account.” Her stomach drops. The caller sounds professional. Calm. Reassuring. They list a transaction she...

It looks like a normal email. A trusted vendor.An ongoing conversation.A simple request: “Please use our updated payment information for the next invoice.” Everything checks out—until the money is gone. This is called a Business Email Compromise (BEC) scam, and it’s one of the most costly cyber threats facing businesses today. What Is a BEC...

It starts with a simple text: “Hey, are we still on for lunch?” You reply: “Sorry, wrong number.” But instead of ending there, the conversation continues. What seems like a harmless mistake is often the beginning of a highly sophisticated financial scam targeting bank customers across the U.S. What Is the “Wrong Number” Scam? The...

Reliabank Helps Direct $619,500 to South Dakota Organizations Through FHLB Member Impact Fund Reliabank, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is proud to help direct $619,500 in funding to South Dakota nonprofits and community organizations through the FHLB Member Impact Fund. Pictured above are our employees from Sioux...

Reliabank is proud to announce the recent promotions of two outstanding team members. Paula Hulscher, Watertown, has been promoted to Vice President. Since joining Reliabank in May 2022, Paula has demonstrated exceptional leadership, deep industry knowledge, and a strong commitment to serving our customers and communities. Her promotion reflects both her consistent performance and the...

Contact us to see how much equity you can access. What Is a HELOC? A Home Equity Line of Credit, or HELOC, is a flexible credit line that lets you borrow money using the value (or equity) you’ve built up in your home. It works much like a credit card, but usually with lower interest...

Smart Savings. Smart Healthcare. Smart You. When it comes to saving for future healthcare expenses, few tools are as powerful—or as underutilized—as the Health Savings Account (HSA). Whether you’re an individual looking to build a cushion for medical expenses or a family planning for long-term wellness, an HSA offers triple tax advantages that can help...

Joshua Hogue, President and CEO of Reliabank, is pleased to announce the addition of Jo Dohrer to the Reliabank Board of Directors. Dohrer came to us following a lengthy, energetic career in technology with Citibank and the SD Board of Regents. She received her degree in Computer Science from the University of South Dakota. Jo...

We are excited to share that Tim Paulson has joined the Reliabank team as an Ag/Commercial Banker out of our Estelline branch. Tim and his wife enjoy working on their acreage west of White where they have horses, dogs and cats.  They have one son who plays football for Dakota State University in Madison SD....