Phone Call Scam Targeting Bank Account Routing Numbers
A new phone scam is targeting bank account routing numbers, putting individuals and businesses at risk of financial loss. Here’s what you need to know to protect yourself from this scam:
How the Scam Works
Scammers contact potential victims via phone, claiming to be from a legitimate organization such as a bank, government agency, or utility company. They often use aggressive tactics, such as threatening to cut off service or arrest the victim if they do not provide their bank account routing number.
The scammers may also use convincing fake caller IDs to make their calls appear legitimate. They may have basic information about the victim, such as their name and address, which they use to build trust.
Why Your Routing Number is Valuable
Your bank account routing number is like the address of your bank account. It identifies the bank and the specific branch where your account is held. Once the scammers have your routing number, they can potentially access your account and withdraw funds without your knowledge or consent.
How to Protect Yourself
- Never give out your bank account routing number over the phone. Legitimate organizations will never ask you to do this.
- Hang up the phone immediately. If someone calls you and asks for your routing number, end the call and report it to your bank or law enforcement.
- Be cautious of caller IDs. Scammers can use fake caller IDs to make their calls appear legitimate.
- Trust your instincts. If something feels off about the call, it probably is. Don’t be pressured into providing any personal information.
- Contact your bank. If you think you may have been scammed, contact your bank immediately and freeze your account.
Additional Tips
- Keep your bank account routing number confidential. Only share it with trusted individuals or organizations that you know and trust.
- Set up a strong password for your online banking account and change it regularly.
- Monitor your bank statements and credit reports for any suspicious activity.
- Report any suspicious phone calls or emails to your bank or law enforcement.
Remember, protecting your financial information is crucial. By being aware of this scam and taking the necessary precautions, you can safeguard your bank account and prevent financial loss.
