FDIC’s guidance says bank-impersonation scams use urgency and realistic messages to trick people into sharing data or moving money.

Red flags include:

  • an unexpected call or text about fraud
  • pressure to act fast
  • requests for passwords or verification codes
  • instructions to transfer money
  • links or numbers provided in the message itself

What to do:

  • Hang up and use the real app or card number.
  • Never share verification codes.
  • Never move money because the caller told you to.

This lesson is part of Money & Banking Online from Lumoset Foundation, Fort Wayne, Indiana – free, always, with no account and no catch.

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