Scams We're Hearing About
FedChoice is committed to keeping your personal information and accounts safe and secure. In recent years, there's been an increase worldwide in fraudulent sites and telephone or email scams that try to access banking and debit/credit card information. Be wary of calls that ask for secure information - FedChoice will NEVER contact you by phone, text or email to request personal or account information, such as your username, credit card number(s), social security number(s), account number(s), etc.
🚩Spoofing Scam - You may get an email, a text or a call that appears to come from a person or business you know, urging you to pay them through a peer-to-peer service (such as Venmo) — in some cases, ironically, to protect yourself from fraud.
🚩Transaction Verification - When you get a text to verify a transaction you didn't make. Responding "no" could have someone saying they are from FedChoice (they aren’t!) calling you and then performing a social engineering exercise to get access to your account. Never share your username and password!!
🚩Overpayment Scheme - Someone sends you a check, instructs you to deposit it in your account and send them money back. This is a common scheme that can cost you the amount of the deposited check plus the amount withdrawn!
🚩Check Fraud - Scammers send checks for no reason and ask you to cash it. This could be signing you up for a loan that you get no benefit from.
🚩PIN Verification - Someone from "FedChoice" asking you to verify a PIN that you didn't request. This can be an attempt to take over your eBanking account.
Other scams to watch for include: winning a sweepstakes you didn't enter, taking home "the" clearing house prize and digital security expirations (which can be legitimate but if you haven't signed up for the service, be wary).
Scams come in may different forms and the above are just a few examples of common fraud schemes.
FedChoice will NEVER contact you by phone, text or email to request personal or account information, such as credit card number(s), social security number(s), account number(s), etc. We already have this account information on file.