Protect Your Money: Safe Banking Tips & Tools
At Exchange Bank, your security is our priority. Fraud and identity theft are growing concerns, but with the right tools and precautions, you can protect your accounts and personal information. We offer secure banking features designed to help you detect, prevent, and respond to fraud quickly. Explore how our digital banking solutions, account alerts, and security best practices can help you bank with confidence.
Taking a few steps now can help prevent you from becoming a victim of financial fraud in the future.
5 Tips to Detect a Scam
Scammers are becoming more sophisticated, using deceptive tactics to steal personal and financial information. Knowing the warning signs can help you stay one step ahead and protect yourself from fraud. Whether it's a phone call, email, or text message, recognizing a scam before you act is key to safeguarding your money. Here are five common red flags to watch for when dealing with financial offers or requests.
1. Too Good to Be True Offers
If an investment or financial opportunity promises high returns with little or no risk, it’s likely a scam. Always research before committing.
2. Urgency and Pressure
Scammers often create a sense of urgency, insisting you act immediately to avoid missing out or facing penalties. Legitimate financial institutions will never rush you into a decision.
3. Unsolicited Contact
Be cautious if you receive unexpected calls, emails, or messages from someone claiming to be from a bank, government agency, or investment firm, especially if they request personal information.
4. Requests for Information
Legitimate organizations will never ask for sensitive details (such as Social Security numbers, account passwords, or PINs) via phone, email, or text.
5. Unusual Payment Methods
Scammers often request payment via gift cards, wire transfers, or cryptocurrency, as these methods are difficult to trace. If someone insists on an unusual form of payment, it’s a red flag.
Let’s reduce your fraud risk.
Protecting your finances is easier when you take advantage of the security tools available through Exchange Bank. These tools help you monitor your accounts, prevent unauthorized transactions, and ensure secure payments. By enabling these features, you can take control of your banking security and reduce the risk of fraud.