Financial Scams

TopLine Federal Credit Union is committed to arming you with the tools and information you need to protect yourself. Check out the most common financial scams and learn how to recognize the warning signs to avoid being a victim.

78% of all scams start with a phone call! 

Baby Formula Scams

Scammers exploiting the high demand for baby formula have sunk to new lows.They’re popping up online and tricking desperate parents and caregivers into paying steep prices for formula that never arrives.

Scammers may set up fake websites or profiles on social media platforms with product images and logos of well-known formula brands — all to make you think you’re buying products from the companies’ official websites. 

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Job Scams

You might have just graduated from college, but there’s still more to learn when you’re on the job hunt. Not every posting or job recruiter is legit. Learn how to spot the scams.

We’ve been getting reports about a scam that starts out with a job recruiter reaching out to ask for your resume. Sounds normal — right? Well, that’s where “normal” ends. After you send that over, you’re told that the format is “incompatible.” The next thing you know, you’re asked to send your resume to a website to “reformat” it — for a fee. In other words, they’re asking you to pay for a job.

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Gift Card Scams

Gift cards have been the most frequently reported payment method for fraud. But which gift card brand do scammers ask people to buy, and lose the most money on? Google Play, Apple, eBay, and Walmart cards remain popular with scammers. But this year, Target gift cards are scammers’ top choice.

If you find yourself heading to the store to buy gift cards because someone on the phone told you so, stop. No matter who calls, texts, or emails you telling you to pay with a gift card, it is always a scammer. The government and legitimate businesses will never call you demanding payment with a gift card.

Financial Scams & Resources

1. Stolen identity?
When identity theft happens, it’s hard to know where to begin. That’s why the FTC created IdentityTheft.gov, a one-stop resource for people to report identity theft to law enforcement and to get step-by-step instructions on how to recover from any type of identity theft.

2. Is a credit freeze or fraud alert right for you?
Credit freezes and fraud alerts can help reducing your risk of identity theft. Both are free and make it harder for identity thieves to open new accounts in your name. One may be right for you. 

3. Text Surprise Offers Scams
Everyone loves a deal – including scammers. Con artists often offer too good to be true discounts in the hope that price-conscious consumers will jump on these “deals” without doing their research.

Learn. Protect. Report.

The Federal Trade Commission (FTC) frequently updates their list of scams that consumers may fall victim to. To learn more about the latest financial scams or file a report click below.

Learn More          File a Report

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TopLine will never contact you to ask for your personal information.

Be aware of those that contact you via phone, email, text or mail and ask for your identifying information, like account numbers, PINs, CVV security codes, social security numbers, DOB; most likely this has the potential of being a scam. If you have questions or feel like you have been scammed, please contact us immediately at 763-391-9494 or if after hours, please call the number on the back of your debit or credit card.