Five Useful Tips That will Foil Any Bank Scam Attempts

Recently, there has been a growing number of bank scam victims.  Most bank scams are hard to trace and prosecute. So, the victim ended up losing his hard-earned money to the fraudster. 
I am sure we do not want to be in that position.  So, let us be smarter than scammers.  Knowing how to deal with the early signs of bank scams will save us from risking our fortune.

In this post, I will present some useful tips that will immediately foil fraudster from making his first move.

Tips to Avoid Being Scammed
1.  Do not open any suspicious email or link.
Scammers will trick you to believe that there are unauthorized activities in your bank account by sending you an email to verify your account.  Do not open the link.  It will open to a fake website and will get your bank credentials.
2.  Ignore calls or text messages from untrusted callers or senders.
Do not entertain people you do not know, who are asking your personal information over the phone.

3.  Enroll your account for online banking.
Online banking makes it easier for you to access your account, 24/7,  to regularly monitor your account’s transaction/s.
 4.  Do not lose your phone.
Your phone can be an avenue for fraudsters to access your account.  Always sign out after accessing your bank’s online banking system or never write any password on your phone.
5.  Transact with reputable online sellers.
When making online purchase, keep an eye for fake accounts copying the names and photos of a real online shop. Whenever applicable, pay in cash upon delivery of the item to avoid disclosure of your credit card information.
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How to know if you are dealing with a scammer?
Remember that your bank will NEVER ask your account credentials via phone call, text, or email.
So the tell-tale sign of a scam is when someone asks your username, passwords, account number or One-Time Password (OTP), etc.
Consider this:  your banking credentials are the only means to access your account and giving this information to scammers is just like permitting them to rob your money.
Following the tips above may help you deal with scammers and will keep your hard-earned money tucked safely inside the bank’s vault.
Do you have any tips about beating bank scammers?  If you do, please comment them down below.  I am sure a lot of us will find it useful.
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  1. MissMillMag says:

    Very Informative.
    These days scams have increased due to covid-19.
    The tips you shared will be really helpful for us to secure our bank account.

    Thanks for Sharing.

  2. It is scary how careful we have to be to avoid being scammed. Thank you for such valuable information!

  3. Phishing for credit cards has been one of the most frequent scams and I am glad that you have pointed out all the ways to prevent such scams!

  4. Great article and very informative! It's very important to be very cautious at all times.

  5. Wow! This is an awesome tips! I am gonna share this to my family and friends. Thank you so much. It's a big help.

  6. This is a great article.i agree with all the points.especially that we always have to sign out after accessing our bank accounts.

  7. Thank you for the tips. Really helpful!

  8. The last one is so important. Always look for online seller reviews and vet them.

  9. I actually was doing all those things already – you can never be too careful 🙂

  10. Such great advice! On Friday my bank actually called but I thought it was a scam and hung up on them! I googled the number afterwards to figure out it was legitimate and saved their number in my phone.

  11. It's annoying that so many people are just out to get what they can get. It is nice to remind people to be vigilant.

  12. This is so important. I always hear about someone randomly opening a link in an email thinking it's a reliable source, but it's really someone trying to hack into their account. You can never be too careful.

  13. the information is quite helpful and and useful indeed..glad you shared this with us..great work though…

  14. These are definitely helpful for avoiding scammers! Thanks for sharing these information with us!

  15. There are so many scams going around especially now, it's horrible especially that so many people have already lost their jobs and are struggling to pay their rents. Here in the UK the bank will never send you an email or call you and ask for sensitive info, they will always send a letter and it's up to you to call them back on their official numbers.

  16. This is SO helpful. It's always so good to be cautious. These are great tips!

  17. These are solid tips. Everyone should be aware and careful with such information.

  18. If I have doubts, I never open something. I'm scared of being scammed so I'm really wary.

  19. I've been noticing this as well. It's important to keep an eye out on these scams to not fall in their trap. These are excellent tips!

  20. These are timely tips. Lots of news about online scams during the pandemic when electronic transactions have increased. When in doubt or when it’s too good to be true, do not open an email or link.

  21. Thanks for this very relevant article – and the number of comments proves just how important these tips are! Waht I'm more interested here though is recognizing legit online sellers, especially now that we're doing purchases mostly online. How do we kkow exactly if they're true if theyre not mimicking famous sites or sellers? I hope you can give more tips on this regard which I'd be mos interested in sharing on my blog, Looking forward to more online transaction safety tips!

  22. I had a bank scam scare a few weeks prior and all the tips you mentioned here are really useful for me. thank you for sharing!

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