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Recent & Common Financial Scams
Protect your financial and personal information by staying aware and informed. Below is information about a number of recent and common financial scams.
Having an ATM or debit card creates a world of convenience— not just on campus, but anywhere you go. With MSUFCU ATMs in local Quality Dairy stores, around town, and access to your account via 30,000+ ATMs on the CO-OP Network, your account is available virtually everywhere you go.
However, with convenience, awareness and safety become necessary. Protect yourself and your money by avoiding scams that involve selling or providing your card information and PIN (Personal Identification Number). While you may think you are helping out another person, you may become involved in a scam that will negatively affect your financial well-being.
Selling your ATM or Visa Debit Card and PIN is a crime. If a PIN is knowingly compromised, the account holder (not the “card buyer”) is responsible for any wrongdoing in the account.
Here are some helpful hints to protect your personal and financial information.
Always remember that you are responsible for your account. Never, under any circumstances, should you sell/provide your card information or PIN to anyone else. Don’t do someone a favor by giving away your card/PIN, or depositing a check for someone else. In the end, you are responsible for the activity your account.
Make yourself aware of these safety tips to protect yourself and your money!
In this tough economic climate, there have been more and more scammers eager to take advantage of those seeking work.
When applying for jobs online, use reputable websites and remember that the old adage "if it seems too good to be true, it probably is" still applies. A recent scam has phony "employers" offering job candidates work but requires these applicants provide money upfront that the "employers" claim will later be refunded, or the "employers" provide a check for the applicants and request that they cash the check, forward a portion of the money to the "employer," and then keep the rest of the money for themselves as a signing bonus.
Don't fall for this updated version of what's commonly called the "Nigerian Payment Scam." The check provided to you by this scammer will wind up being fraudulent, and you will be out the money you forwarded along to the phony "employer" or the money you sent as an upfront payment for reasons such as credit report processing or equipment fees for a work-at-home opportunity.