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Financial Fraud Prevention

Stearns Bank is committed to recognizing fraud schemes

At Stearns Bank, we look out for our customers' interests. We have extensive monitoring and reporting programs to recognize and prevent fraud. Our staff is educated about emerging fraud schemes. If we notice suspicious or unusual activity on your business account, we will intervene to help prevent financial loss.

See the notices below about current fraud scams. And watch our videos to stay ahead of fraud.

Do you suspect fraud on your account? Report your concerns with our online form.


Emergency Broadband Program Impersonators

Have you seen ads on social media that offer to help you sign up for a government program that will give you a "free" device and internet service in exchange for money or personal information? While there is a real government program to help people connect during the pandemic, there's no payment required to enroll. That’s just a scam. Learn more

Beware of Fake Email from FTC About Coronavirus Money

Scammers are impersonating FTC Chair Lina Khan in a new phishing scheme. The email says the FTC wants to send you Coronavirus relief funds and tells you to send some personal information, like your name, address, and date of birth. The FTC is not distributing Coronavirus economic stimulus or relief money to people. The email is a scam. Don’t reply. Learn more

Website Aims to Prevent Ransomware Attacks

The U.S. Department of Justice has launched a new website to combat the threat of ransomware. provides a one-stop hub of ransomware resources for individuals and businesses.

Ransomware is a long-standing problem and a growing national security threat. About $350 million in ransom was paid to malicious cyber actors in 2020, a more than 300% increase from the previous year. Further, there have already been multiple notable ransomware attacks in 2021, and despite making up roughly 75% of all ransomware cases, attacks on small businesses often go unnoticed.

Ignore Bogus COVID Vaccine Survey

People across the country are getting emails and texts, asking them to complete a survey about the Pfizer, Moderna or AstraZeneca vaccine. In exchange they are offered a "free reward," but asked to pay shipping fees. This is a scam to obtain your credit card or bank account information. No legitimate survey would ask for personal financial information to pay for a “free” reward.

Learn more from the Federal Trade Commission: Consumer Information

Report Fraud or Suspicious Activity

Online form and phone number

If you have witnessed fraudulent activity at Stearns Bank, or have reason to believe that fraudulent activity has occurred on your Stearns Bank account, please contact us.

Go to our fraud reporting page
Report fraud or suspicious activity

Auto Loan Refinancing Schemes

Economic Impact Payment Theft

Unemployment Claim Fraud

Small Business Matters

Staying Ahead Of Small Business COVID-19 Scams

Phishing email attempts using government-backed loan programs are more prevalent than ever during the pandemic. But there are more scams to be aware of.

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Staying Ahead Of Small Business COVID-19 Scams


Finding Payment Systems To Help Your Customers Pay Your Business

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Staying Ahead Of Small Business COVID-19 Scams

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Stearns Bank, Skalicky Collaborate On OCC's Project REACh

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Good Habits for Secure Online Banking

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Break Even Analysis Calculator

The break even analysis calculator is designed to demonstrate how many units of your product must be sold to make a profit.
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Business Debt Consolidation Calculator

Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you.
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Certificate of Deposit Calculator

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).
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Commercial Loan Calculator

Use this calculator to estimate your debt service coverage with a new commercial loan.
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