What Are Bank Impersonation Scams?

Bank impersonation scams involve fraudsters pretending to represent your bank or financial institution. These scams often aim to steal sensitive information or money by exploiting trust.

How Do They Work?

Scammers typically:

• Claim there is an issue with your account or a suspicious transaction.
• Request sensitive information like account numbers or PINs.
• Ask you to transfer funds to a "safe account" to protect them.
• Use fake caller IDs or emails to appear legitimate.

Examples of Bank Impersonation Scams

Bank impersonation scams exploit trust in financial institutions to steal sensitive information or money. Below are common examples:

• Account Compromise Calls: Scammers pose as bank representatives, claiming your account has been compromised. They request sensitive information, such as account numbers or passwords, or instruct you to transfer funds to a "safe" account under their control.
• Suspicious Transaction Alerts: Victims receive fake notifications about unauthorized transactions. Scammers urge immediate action, asking for personal details or access codes to "secure" the account.
• Loan or Credit Card Offers: Fraudsters offer too-good-to-be-true loans or credit cards, requiring you to provide confidential details to proceed. These offers are entirely fabricated.
• Verification Request Emails: Fake emails claim to be from your bank, asking you to verify your account by clicking on a link. These links lead to fraudulent websites designed to steal your credentials.
• Overpayment Refund Scams: Scammers notify you about a supposed overpayment and request your account details to issue a refund. Instead, they drain funds from your account.

Category

Phone Scam