A New Scam Is Draining Accounts — Even Smart People Are Falling For It
Banks can’t stop this new phishing scam, and that’s why bank accounts are being drained nationwide right now. Scammers are posing as real banks using texts, ...
https://youtu.be/lm_TVFcnUZk?si=q-EzK7ADLusl3Ldn
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My bank has repeatedly stated in many forms (snail mail, email, signage inside a physical location, etc.) that they will NEVER communicate with me by text, except to send me a one-time verification code that I should NEVER share with anyone. They’ve also reinforced that all calls purportedly from them and from someone I don’t know should be ended immediately. Then I should call my local branch, or the phone number on the bank card, or go to the bank as soon as practicable. This is a really good place to start to avoid losing our hard-earned money. Many bank web sites also allow our accounts to be locked for as long as we need it. A bit of cash on hand is useful in those times.
Bank fraud is a growing problem and something we all need to be aware of, both for ourselves and loved ones.
So much so that the ABA has a (somewhat corny) website and ad campaign called "Banks Never Ask That"
https://www.banksneveraskthat.com
I'll add this:
Bank locally, at a bank or credit union that's headquartered in your State (or Province) and small enough that you can know them.
Keep the phone number of your local branch. Maybe even grab a business card from your local branch manager, so you have a name.
Beyond branches, local banks have local 'Operation Centers' that manage and process the back end of your banking transactions - They're staffed with friendly people who can help you. Have those 'call center' numbers handy, too.
Use online banking safely and monitor your accounts regularly.
Be careful out there!