Wire Transfer Fraud
Wire transfers are the electronic transfer of funds from one financial institution to another. Wire transfers are the equivalent to paying in cash. Once money has been wired, it is difficult to reverse. It is important that you know the person to whom you are sending the wire. Whether it be an individual or a company, make sure they are reputable.

Safety Tips to Protect Yourself Against Wire Transfer Fraud

Tip #1: If someone sends you a check and later calls you with urgency to return all or a portion of the funds through a wire transfer, this could be a scam. You should contact your financial institution and attempt to ensure the validity of the check you received. Even though the money is available in your account, this doesn't mean the funds have cleared. If the check is fraudulent, the institution will remove those funds from your account and any money you have wired will be lost.

Tip #2: When making purchases online (eBay, Craig's List, etc.) and sending payment in the form of a wire, verify the validity of the item being purchased and the person or company selling the item. Contact the company (eBay, Craig's List, etc.) directly to ensure the advertisement and the seller are legitimate.

Tip #3: If someone you don't know asks you to send or receive a wire transfer, we recommend you decline. If you accept the request, there is a good chance you will be participating in a fraudulent transaction. You may become a fraud victim.

Here are some tips to help keep you and your accounts safe:
  • It is usually best to ignore unsolicited e-mail job offers or opportunities
  • Never give your bank account details to someone you don't know
  • Please contact us right away if you have questions or concerns about fraudulent activity
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