Financial scams are everywhere these days, so securing your bank accounts is crucial. These steps will help you stay a few steps ahead of the scammers:
Protect your Personal Information
Do not give out your personal or financial information to anyone unless you initiated the contact and can verify the recipient’s identity. Fraudsters frequently pose as trusted individuals through phone calls or texts, attempting to obtain sensitive information. MVCU won’t ask you to reply “Yes” to confirm a transaction via text message, your online banking credentials, or your PIN, account number or card number.
Monitor your accounts
Regularly monitor your accounts for any unauthorized activity and report any suspicious transactions immediately. If you believe you’ve fallen victim to a scam, don’t hesitate to report it. It is important to speak out and it’s better to be safe than sorry when it comes to fraud.
Beware of Deceptive Tactics
Fraudsters may request advance payments or your card information for services like debt relief or prize claims. Gift cards are not a normal way to make payment, so if someone asks you to pay them by buying gift cards, this is likely a scam. Additionally, avoid wiring money in response to unexpected requests. If you would not normally send a wire to pay for goods or services, then this is a red flag.
The best way to verify the legitimacy of a payment request is to search online for the number and call the number listed on their website. If the person answering the call has no information regarding the payment request, then this is likely a scam.
People often feel embarrassed to admit they have fallen for a scam, but there is no shame in it. Fraudsters are becoming increasingly skilled at appearing trustworthy and often use convincing tactics to deceive people of all ages. If you were impacted by a scam, please call us at (800) 356-0067.
Category: Blog Slideshow
Recently, some of our members were targeted by a Home Warranty Notice scam. This isn’t the first time this scam has been used, and it probably won’t be the last. But don’t worry! If you stay alert and aware, you can avoid becoming a victim.
What to do if you lose your wallet or purse. Losing your wallet or purse can be a frustrating experience. Your credit cards, ID, keys and cash are all seemingly out there in the world for anyone to find. Despite the feeling of helplessness, there are ways to mitigate the damage. Here are some steps to take immediately after losing your wallet or purse.
How to protect yourself from cash app scams. Cash apps like Venmo, Zelle and CashApp are great for their convenience. But as with all things involving money, scammers are lurking in the shadows. Here’s how to keep yourself (and your money) safe when using cash apps.
Financial scams are everywhere these days, so securing your bank accounts is crucial. These steps will help you stay a few steps ahead of the scammers.