Chapter 26
Your bank says move your money
What you'll get from this chapter: Why a bank will never ask you to move your money to protect it, how the safe-account script works, and what to do the same day if money already left.
In this chapter
- Words in this chapter
- Your steps
A bank will never ask you to move your money to protect it.
This is called a . The caller, or the text, says they are the fraud department. They may know a recent purchase. They say criminals are inside the account and you must move the balance to a safe account they will read to you, or into cryptocurrency, or into cash you hand to a courier. They tell you not to tell the branch, because the branch is compromised.
That transfer is the theft. A real bank can freeze an account itself. It does not need you to wire the money to a new account, buy gold, or use a (a cash machine that sends crypto). Hang up and call the number on the back of your card.
Some scams pose as your bank. Others pose as your next paycheck. The next chapter covers job and .
Words in this chapter
- . A caller pretending to be your bank who tells you to move money to a new account, into cash, or into cryptocurrency to protect it. The move is the theft.