Recognition & Prevention of Fraud & Scams
Monson Savings Bank knows that a very important part of preventing people from becoming victims of scams is helping them to understand and recognize the various types of scams beforehand. Below are four very common scams everyone should know about.
Romance Scam:
Criminals will establish a romantic relationship online and request money for a “hardship” they have. They ask for money to visit you, but they never do. Protect your heart and your wallets from a romance scam.
Charity Scam:
You get a call or email asking for a donation to a charity you never heard of. Conduct outside research to look the charity up before you give out your card or account numbers. Learn more about charity scams.
Imposter Scam:
You receive a call from a relative asking you to wire money or send gift cards to help them out of trouble, you are told not to tell anyone. This could be an imposter scam.
Lottery Scam:
You receive a call or email congratulating you on being a winner. You are asked to provide upfront payment for fees and taxes. If you are asked to pay first, this is a warning it’s a scam.
Ways to Avoid Scams:
• Know the Warning Signs
• Safeguard your personal and financial information.
• Stop, slow down, and resist pressure to act fast.
• Talk to someone you trust.
Monson Savings Bank Is Here to Help
At Monson Savings Bank, we’re here to help you stay one step ahead. We offer secure digital banking tools, fraud detection services, and personalized support to help protect your information. If you ever suspect fraud or need guidance, please contact us.
Visit our Personal Security Center or our Business Security Center for more information and check out more Safety and Security blog posts to stay informed.
This content is provided for informational purposes only and does not constitute legal, financial, or cybersecurity advice. Personal banking customers should consult with qualified professionals regarding their individual financial and security needs. Monson Savings Bank is not responsible for any losses or damages resulting from the use of this information.
