Bank Scams

It doesn’t matter how careful you are, there’s always a chance that you’re somehow going to end up in the middle of a bank scam. It’s something that no one wants to go through, but there are still so many cases of online bank scams. Why? People are too quick to trust the emails they receive; especially if that email inspires a rush of panic that something is wrong with their account. We will give you all the information about this kind of fraud, how these schemes work, and how you can stay away from them.

Online bank scams are a real issue

The most important thing to understand is that online bank scams are real. The best way to avoid them is to be careful while reading emails and always re-read anything that seems either alarming or too good to be true. However, email phishing is not the only way banking fraud scams operate, and it’s difficult to know all the ways they look for victims.

To avoid being a victim of this kind of fraud, make sure to be familiar with the latest bank scams.

It can happen to anyone

It’s important to understand that it can happen to anyone. These scams don’t target a specific age group or community. The most common way they work is by sending you an email. They ask you to confirm your banking information, and they make it very believable because they already have a lot of your information. The email usually includes details like your name, surname, account number, card number, and ID number. 

We’ve seen how official these emails look, and it’s hard not to fall for them. They use the logo of your bank and even the address of the bank. They seem trustworthy and legitimate, but the moment you give them your information and confirm what they sent you, they will steal everything that you have. 

This however is not the only way they operate!  Some will call you instead, claiming to be your bank, and providing similar information to the emails, asking you to confirm and provide the information they are missing. Here, how can you know if it’s really the bank calling or scammers?

Be sure before giving any information

Always make sure you know who you’re giving your private information to. Think about it, why would your bank need your information? You’re already a customer at your bank, they have everything they need. If you are worried about your information, go directly to your bank’s website, call them, or even go to a branch and check with them if there’s an issue. DO NOT click on any links or use any phone numbers in the suspicious email! 

If you get an email, ignore it. You would know if there was something wrong with your bank account. If you get an email from a different bank with which you don’t have an account, you will know for sure it’s a scam. Why would another bank ask for confirmation about your account information? Delete that email immediately!

When getting a phone call, tell them you want to go to the bank in person and fix the “problem.” Refuse to give your personal information.

Is the money gone forever when I get scammed?

If you’ve fallen victim to one of these bank scams, you may wonder if your money is lost forever. Is it possible to get your scammed money back? The answer is… maybe.

If you wait around, your money will never find its way back to you. But if you take action, there are options that may get your funds back.

Contact your bank and see if it is possible to reverse the transactions that took the money from your account.  This is not a simple process. In most bank fraud cases, you can’t trace the money, and if the money can’t be traced, the charge can’t be reversed. 

Another option is to contact the police and open a case of online bank fraud, or theft. Unfortunately, if you do not have the name and personal details of the person who scammed you, the police may not pursue a case against them. They will, however, be aware of the problem, and if there is a rash of such crimes in your area, they may gather enough evidence to do something, or to at least raise awareness and prevent additional victims from falling for the scam.

The third option is to contact Claim Justice. We would say that this is the best option. We handle many cases of online bank frauds and have returned lost funds to many. 

Why is Claim Justice the best option?

It will not be a simple process; however, it’s the best option for you to see your money in your account again. Claim Justice has been fighting these sorts of cases for a long time and have experience in reclaiming money for the rightful owners. 

Gather all communication records between you and the scammers. We need proof that you have tried to contact them to get your money back yourself. From there, we will pursue every avenue to see justice done.

Looking for help with Bank Transfer Scams instead? We have also written a guide for you!

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