No business or financial transactions are done by phone, text or otherwise.
I have a flip phone and it is supposed to be able to connect with the internet. I don’t bother.
So when I get texts about my Bank of Missouri account (Traveled through the state ONCE in my life on a family trip out west when I was in high school) or my Pay Pal account (don’t have one) or my eBay purchase, (never use it), I know they are all scams.
We got one suspicious one from the bank we actually do business with so we called the local branch, the manager who we know personally, and told him. He said it was a scam and the bank ended up being all over it like white on rice.