Oct 29, 2011

Bank Scams

     I'm a fairly astute consumer.
     I can usually spot scams and ignore the lure. Yet a text message this week almost led me to become victim of a scam that apparently has been around a long time.
     The text claimed to be from a bank I have dealings with, and it said my account had been "frozen". The message instructed me to call a number beginning with 866.
     Fortunately I was driving, so I didn't try to make the call immediately. As my mind went into consumer scam alert mode, I realized this was the first time I had ever received a text from that bank, and the alarms bells finally went off.      
     I Googled the number and found numerous warnings about it being a scam.
     What I don't understand is why banking and securities officials have not stopped it. I mean, they have their phone number, no? 

4 comments:

  1. 866 number--big red flag.

    Plus, banks would first give written notice.

    There used to be E mail scams. Usually by banks (or "banks) where I do not have an account. But one E mail some years ago included a logo that looked very much like my bank.

    I printed it out, including the routing information, and took it to a bank officer, who thanked me.
    Never got another E mail from that outfit.

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  2. So, you were texting while driving?

    Shame.

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  3. Jay: Actually, the text arrived earlier, but I looked at it as I was getting in the car to drive home. I was THINKING about calling right away,but did not (-:

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  4. Go, my son. Your quasi-sin is forgiven.

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