7 Common Banking Scams (and how to avoid becoming a victim)

Dave Hutchison, CFA |

You check your email and see an update about a new bank account in your name. Or perhaps you view your checking account statement and find unauthorized debit card transactions listed. Whatever the case, being the victim of a banking scam is a terrible feeling. We don't want you to fall victim to any of the many scams that are out there. We encourage you to read this article about the scams and how you can prevent becoming a victim.