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Once in awhile, it makes better sense to wire money than to mail a check. You can wire money from your Senior BofI account or have money wired into it to or from anywhere in the U.S.

The advantage of wiring money is that it’s send directly into a bank account making it both faster and safer than mailing a check.

It's easy to to. Get all the information about wiring funds on our Wire Instructions page.

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Senior Corps was created in 1994 with legislation creating the Corporation for National and Community Service, bringing the full range of domestic community service programs under the umbrella of one central organization. There are three major programs:
  • The Foster Grandparent Program which connects volunteers age 60 and over with children and young people with exceptional needs.
  • The Senior Companion Program which brings together volunteers age 60 and over with adults in their community who have difficulty with the simple tasks of day-to-day living.
  • RSVP offers "one stop shopping" for all volunteers 55 and over who want to find challenging, rewarding, and significant service opportunities in their local communities.

You can find out more about Senior Corps and find volunteer opportunities in your communities at the Senior Corps website.

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Senior BofI knows you don’t always have access to the internet. That’s why we make it easy for you to conduct your banking business by telephone. All you have to do is call our toll-free number - (877) 351-BANK (2265) – and you can:
  • Check your balances
  • Transfer funds between accounts
  • Verify a check payment

This service is available 24 hours a day, 7 days a week from any phone in the world. Get all the details at our Telephone Banking page.

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As more and more people pass their 50th birthdays, all sorts of services are springing up to serve this group. That includes job boards on the ‘net aimed at the 50+ crowd.

AARP has a list of such job boards. Most require free registration in order to perform searches. Most also offer leads to part time work as well as full time work.

Some are specialized like Dinosaur Exchange, which aims at helping retirees find employment in Europe. And at least one, RetirementJobs.com also posts volunteer opportunities and board seats.

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Alexander Pope said it, “to err is human…” which is why it only makes sense to protect yourself from overdrawing your Senior BofI checking account with overdraft protection. We offer two forms of overdraft protection:
  • A line of credit which advances funds to cover an overdraft up to a pre-set limit, and we don’t charge fees for advancing those funds.
  • Linking to a savings or money market account which allows the automatic transfer of funds to cover any overdraft.

It’s easy to set up overdraft protection. Get all the details on our Overdraft Protection page.

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We all know in a general way that if we save energy we save money. The problem is figuring out just how to go about saving energy.

The U.S. Department of Energy has put together a website designed to help you do just that. Called the Home Energy Saver, the site let’s you put in your zip code, and then enter information about your home. The site will then calculate your current energy use and make specific suggestions about what you can do to reduce the energy you use. It also gives rough estimates of how much money you’ll save.

The Home Energy Saver site also has lots of other information, including faqs to help you determine how much energy specific appliances use, low and no-cost energy savings tips, and tips for renters.

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There are two distinct advantages to receiving regular checks by direct deposit.

The first is safety. When your check is deposited automatically into your Senior BofI account, you know it’s there. There is no chance that it will be lost in the mail or stolen from your mailbox.

The second advantage is the convenience. Your money shows up in your account automatically. You don’t need to go to the bank or stand in line, or even find a stamp and envelope and mail it in.

It’s easy to set up Direct Deposit at Senior BofI. You can get the form you need and all the information at our Direct Deposit page. And remember, you can always contact us with questions or concerns.

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AARP has gathered several well known authors, including Kirk Douglas, Donald Trump, Kareem Abdul-Jabbar, Suze Orman, and others who put together a list of 50 Things You Need to Know by 50.

Ranging from plain silly to darn good ideas, this list of 50 things gives both insight and, in some cases a good laugh.

Consider, for example,

19. Law of Host Gifts by Masaharu Morimoto who tells us that “The $25 wine won't impress them any more than the $10 wine.” Or

23. What to Do if You Get a Letter From the IRS, by Henry Bloch, cofounder of H&R Block, which gives sage advice.

It’s a fun, practical and printable guide.

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Did you know you can earn interest on the funds in your checking account? You can if your checking account is at Senior BofI. And, if you’re 50 years old or older, you can open your checking account with as little as $50.

Your Senior BofI checking account will earn interest from the day the funds are deposited; the interest is compounded daily and paid monthly. But that’s not all. Your Senior BofI checking account also includes:

  • Free Bill Payment
  • Free ATM and debit (check) cards, for qualifying account holders
  • Free Internet or telephone banking anytime
  • Free postage-paid envelopes for mailing check deposits

Get all the details and open your new checking account to day at our Senior Checking page.

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LaRonda, who blogs at The Ear of My Heart has a great article on Age Related Hearing Loss. She quotes the National Council on Aging saying “More than nine million Americans over the age of 65 have a hearing loss. About three out of five older Americans with hearing loss don’t use hearing aids.”

Then she explores why so many seniors are reluctant to use hearing aids. It turns out there are way more reasons than you might suspect. Some, of course, are specious, but many turn out to be legitimate.

You’ll come away with a better understanding of the problem and some great ways to approach it.

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A reverse mortgage allows seniors to use the equity in their homes to create cash for various reasons, including supplementing social security or other retirement income.

The U.S. Department of Housing and Urban Development (HUD) has an article called the Top Ten Things to Know if You're Interested in a Reverse Mortgage.

AARP also offers lots of information, including Exploring Reverse Mortgages: A Consumers' Guide.

Senior BofI offers reverse mortgages. You can get more information about them at our Reverse Mortgage page and, as always, don’t hesitate to contact us with questions.

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Retirement isn’t always about golf, travel and kicking back. Seniors often find they want to continue to earn money and self-employment offers some unique opportunities.

For example, you might want to turn your expertise into some sort of consulting, or you might want to turn a hobby into a business. In these, and in many other situations you’re working for yourself.

Self-employment has a whole different set of laws to consider than working for someone else. AARP has an article called Self-Employment Laws that gives you a great overview of what’s involved.


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Knowing how much interest you’ll actually earn is one of the advantages to Certificates of Deposit at Senior BofI. With a CD you deposit a specific amount of money for a specific length of time; the interest is fixed, rather than variable.

At Senior BofI you can open CDs for as little as $1,000 or as much as $100,000 and for terms up to 60 months.

We also offer a variety of Certificates of Deposit, including individual, joint, trust and CDs for non-profits.

Get all the details on our Certificate of Deposit page and remember, you can contact us with any questions you might have.

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The possibility of slowing or even reversing Alzheimer’s is getting more real according to an article called Closing In on Alzheimer’s at the AARP.com website. There are at least four dozen drugs aimed in this direction in the pipeline according to the article and the odds are one or more will actually work.

The potential breakthroughs are the result of years of research and a growing understanding of how Alzheimer’s actually affects the brain.

In addition to the article, the page contains many helpful links about the disease.

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Although we at Senior BofI are probably best known for providing outstanding online banking and checking accounts that pay interest, we do much more.

We have a wide variety of bank accounts and we also offer services, such as bill pay and overdraft protection associated with many of those accounts.

The easiest way to see all our services is on our Products and Services page. From there you can get the details you want with a single click.

Of course, you can also contact us with any question in a variety of ways too.

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Identity theft is often in the news and ordering a free credit report can help you spot and stop potential problems according to an article by Sharon OBrien, Guide to About.com’s Senior Living.

Titled Use Free Credit Reports to Manage Your Money and Avoid Identity Theft, Sharon spells out exactly how to get your free credit reports and how to use them to spot identity theft and other problems.

PrivacyRights.org also has some excellent information on preventing identity theft.

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