HELOC stands for “home equity line of credit.” It’s a revolving credit line that lets you tap into your home’s equity to provide funding for what is most important to you. It’s similar to a credit card, where you can borrow as much as you need, whenever you need it, as long as you don’t exceed your credit limit.
We’ve been made aware of fraudsters impersonating Needham Bank asking customers to verify fake transactions. The fraudsters will ask if you’ve made purchases at major retailers, withdrawn money from an ATM, or if you are traveling. Needham Bank will NEVER ask for your banking credentials or full debit card number via a phone call, email, or text message.
If you’ve received an inquiry of this nature and provided information, please contact our Customer Care Center at 781-444-2100.