Fraud on the rise in the pandemic
The coronavirus (COVID-19) has affected all parts of our normal day lives. It’s also given scammers an opportunity to prey on people vulnerable by the pandemic. Now more than ever, Americans need to stay vigilant when it comes to scams. Follow these tips and take control over your financial safety.
1. Don't give out personal data.
Never give your personal information to anyone who calls, texts or emails you. Even if they claim to be from the Credit Union, if you're uncertain in any way, hang up and call us directly to inquire about any financial needs.
2. Don't share your cash-sharing app info.
Never share your CashApp, Paypal, Venmo, etc. information or send funds through an app to people you do not know personally. Remember, once you click the send button, you have authorized that transaction and it will be extremely hard, if not impossible to get it back if it turns out to be fraud.
3. Hold off on spending check deposits.
Always try to wait 4 - 10 days before spending money that has been deposited as a check. It may take time for the funds to clear. The Credit Union makes funds available earlier for your convenience when possible.
4. Avoid electronic transactions through your account.
Always be skeptical if someone wants to cash a check, run an electronic transaction through your account or give you a task that includes buying gift cards or office supplies with money they give you. There is no reason for your personal account to be used as a business account. A legitimate company, buyer of goods, or acquaintance wouldn’t trust a stranger with a large sum of money.
5. Guard your identity info.
Always protect your personally identifiable information (PII) when conducting financial or business transactions. Examples of PII are your name, personal ID numbers, addresses, phone numbers or even personal technology information, including the type of device you use, or Internet Protocol (IP) addresses that are tied to your location.