All deposits are fully insured at StonehamBank through both FDIC and DIF.   

Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance provides customers of our bank with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Please Click Here to view our 2022 Annual Report. 


Criminals Commit Fraud By

  • Conducting unauthorized transactions on existing accounts.
  • Taking over an existing account through prolonged use or emptying the account.
  • Establishing or attempting to establish new accounts (credit cards, loans, etc.) using acquired information.

Ways to Protect Yourself Against Identity Theft

  • Protect your personal information. Only give out this information if you know how it will be used or shared, and you’ve initiated the contact.
  • Shred or tear up statements, checks, credit card solicitations, charge receipts, expired cards and all other documents containing personal information.
  • Only provide your Social Security Number or Driver’s License number when absolutely necessary.
  • Promptly pick up delivered mail.  
  • Deposit outgoing mail at a postal mailbox or the post office.
  • Review your account statements promptly and report any discrepancies or suspicious transactions immediately.
  • Regularly check your account balances online or through your  bank's mobile app at any time. You can catch errors such as unauthorized activity earlier – without having to wait for your paper statement. 
  • Set up banking alerts to notify you when a new credit or debit transaction posts, when a failed login attempt occurs, or when changes are made to your password or personal information. 
  • Don’t keep unnecessary information in your wallet or purse.
  • Check your credit report at least once a year.

Reporting Identity Theft

  • Contact StonehamBank at 1-888-402-BANK (2265).
  • Contact the Federal Trade Commission’s Identity Theft Hotline at 1-877-ID-THEFT (1-877-438-4338).
  • Contact the three main credit bureaus to report fraud and request copies of your credit report. Fraud flags and statements will be added to your report saying that all potential creditors should contact you to verify credit applications.
  • Equifax - to report fraud, call 1-800-525-6285. To request a copy of your credit report, call 1-800-685-1111.
  • Experian - to report fraud or request a copy of your credit report, call 1-888-397-3742.
  • TransUnion - to report fraud, call 1-800-680-7289. To request a copy of your credit report, call 1-800-916-8800.
  • Report the theft of mail to your local postal inspector.

6 Ways to Protect Yourself Against Cybercrime