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! 

Cryptocurrency Scams

Before you use or invest in cryptocurrency, know how to detect cryptocurrency scams.

Scammers are always finding new ways to steal your money using cryptocurrency. One sure sign of a scam is anyone who says you have to pay by cryptocurrency. In fact, anyone who tells you to pay by wire transfer, gift card, or cryptocurrency is a scammer. Of course, if you pay, there’s almost no way to get that money back. Which is what the scammers are counting on. Click below to learn about cryptocurrency scams to watch out for.

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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.

Other Financial Scams

1. Amazon Impersonators 
Has Amazon contacted you to confirm a recent purchase you didn’t make or to tell you that your account has been hacked? A current scam going around is someone pretending to be a legitimate business on Amazon – when they’re really a scammer.

2. Facebook Friend Scams
Plenty of people who are connected to the internet are catching up with friends on social media or randomly surfing the web. Unfortunately, so are scammers. They are taking advantage of social networking sites, earning victims’ trust by pretending to be someone they already know. 

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.