What is this scam?
A text that looks like your bank asks 'Did you attempt a $1,250 purchase?' Then a 'fraud department' calls and asks for the code they texted you, or tells you to move money to a 'safe account' or send it by Zelle to yourself.
What the message looks like (example)
Chase Fraud Alert: Did you attempt a purchase of $1,249.99 at Walmart? Reply YES or NO. If NO, our fraud team will call you to secure your account.
🚩 Warning signs
- Asks for a one-time code, PIN or password
- Tells you to move money to 'protect' it
✅ What to do
- Hang up and call the number on the back of your card.
- Never share codes. Banks never ask you to move money to a safe account.