Did someone supposedly spot fraud or criminal activity on one of your accounts? Did they offer to help “protect” your money by moving it from your bank, investment, or retirement account? Maybe they even asked you to share a verification code? If anyone did any of those things, it’s always a scam. So, what do you do next?
Never move or transfer your money to “protect it.” Your money is fine where it is, no matter what they say or how urgently they say it. Someone who says you have to move your money to protect it is a scammer. Period.
Never share a verification code. Ever. Banks and retirement and investment companies use these codes for online accounts to prove you’re really you. If you share that code, the scammer can use it to prove they’re you. No caller — especially someone from your bank or investment company’s fraud department — will ever ask for the verification code. That’s always a scam.
Stop and check it out. If you’re worried, call your real bank, broker, or investment advisor. Use the number you find on your statement — never the number the caller gave you, which will take you to the scammer.
And if you think your bank or investment fund will protect you, think again. Bank accounts have different (and fewer) protections than credit cards. If you are scammed into moving your money out of your account, you won’t be protected. And you probably won’t get that money back.
If you get a call, text, or message like this, tell your bank or fund right away. Especially if you moved money or shared a verification code. Then tell the FTC: ReportFraud.ftc.gov. Now that you know, share this advice — it could help protect your buddies and their life savings.
I have received several calls reporting "fraud" via online banking and my debit card, as well as wire transfers. These idits have my bank name, my name, my number, and they always request my user name which is the flag. At first it panicked me. I always check with my bank. These criminals have also used my own banks fraud phone number! How did they get my information?
Thanks for the warning.
In reply to Thanks for the warning. by sonny s lawson
No. Worries any time...
I don’t know anything about this & I’ve not a such call or email from anyone trying ti move money from my bank acct , etc.
In reply to I don’t know anything about… by Darlin Jordan
Darlin Jordan, consider yourself lucky!
It happens to me all the time and, now, when I see my bank's name and number on the caller
ID, I don't answer it. Instead, I wait a few minutes and then call my bank, directly, to ask if someone called me from there. Usually, the answer is negative.
These people are relentless... they just don't give up! Please be careful.
Hear you loud and CLEAR!!!!!
The real question is, Is there a division or even a person that will help another person that has experienced identity theft without just stating in the fine print that any of the terms and (Agreements) can be changed at any given time. Or the person that stole your information has assigned a( representative) or (The Company) can continue to make any financial decision because they scammed you the best and certainly have the funds to pay or donate to the correct locations.
In reply to The real question is, Is… by Mark Anthony R…
Report identity theft at www.IdentityTheft.gov. Give details about what happened, and the system will help you create a recovery plan and Identity Theft Affidavit. Use the Affidavit when you contact businesses, debt collectors, financial services and others to correct problems.
Unfortunately, Bank fraud begins within the Banks or credit unions. They apply for the bank jobs, hired. Thereafter, use this to their advantage. Transferring money to fraudulent account, from innocent members. Employees are guilty of this! A friend of mine stated that they blamed the member for the fraudulent activity. But, all alone it was their own tellers getting away with it. This happened with LA Capital Federal Credit Union. This Business needs to be investigated by the FBI immediately. It’s been going on for years.
I discovered my home has three lien at $200k due to fraudulent activity. My former co workers perpetuated the crime. My little brother set up so it be part my father’s family trust. I worked for a bank acquired by 5/3. I can’t wait to see what happens with my retirement that is secured with mortgages.
And that ain’t all.. I contacted your agency around 2019, among numerous of local, state and federal agencies. I was ignored.
We have complained and complained, we have well over $500 dollars worth of fraudulent activity on our accounts and yet no one can seem to help
My neighbors and their people still trying to scam me I fear
I had a scammer call today saying somebody opened a Well Fargo checking account. and after she ask several questions she transferred me to the Social Security Office to speak with somebody about blocking my Social. The guy needed my last 4 of my social security so he he can run a check and verify he was talking to the right person. I gave him the wrong 4 digest of my social he said everything matched start telling me what fraud accounts was on me. I said you a scam those was the wrong 4 digest. And the phone number he called from was disconnected.
This number Is pretending to be Wellsfargo and saying there’s fraud on my account1-866-466-3190 and 1-206-865-0018
I’m hoping somebody can get these people
What they fail in this article to do is tell you about online banking when you have a bank that's online and there's no actual physical Bank you can go to there is usually not someone that you can actually talk to either readily I mean it's not a quick process so these online banks don't have any type of checks and balances. It's easy for a fraudster to just say that from that company. The brick-and-mortar banks are going by the wayside