BATON ROUGE, La. (BRPROUD) – Customers of banks that use a digital payment network called Zelle are being warned about a recent scam.
Financial experts say some banks are reporting an uptick in digital money movement fraud.
In these cases, scammers are contacting the bank’s customers and requesting payment via Zelle or a Wire Transfer. It’s likely these methods are utilized by criminals as they allow funds to be sent expediently and in a way that makes it difficult for the money to be traced and recovered.
For this reason, some banks are urging customers to keep the following precautions in mind:
- You should never wire money or send money using Zelle® to:
- Anyone who claims to be from a government agency
- Any stranger, no matter what reason they give
- A telemarketer trying to sell you something
- Anyone claiming your account is compromised
- Unauthorized, unverified cryptocurrency sites or salespeople
- Anyone asking you to send money to yourself
Click here for more information from the U.S. government’s Consumer Financial Protection Bureau on how to avoid becoming a victim of banking fraud.