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The Scam Targeting Banking Customers By Text You Need To Know About

A scam targeting banking customers by text message, pretending to be their bank’s fraud department asking about “suspicious withdrawals” is the latest banking scam you need to be aware of.

Many of us use text message verification to safeguard sensitive banking information and to guard our accounts from being hacked, scammers have learned how to Bogart that process and scheme you into believing you are being contacted by your bank using their actual phone number to text you.

It may seem legitimate. They will call asking if you attempted a withdrawal in another city. Once you tell them it is in error, they will then ask for your banking identification numbers. They then say they will text you a verification PIN to check your identity.

This prompts a text message from the bank’s real phone number with a verification code you will be asked to read back to the scammer over the phone. This code gives the scammer access to your account and bank transactions.

What can you do? Be very aware and protect your accounts at all costs. More and more scams are coming through text messaging. As a precaution, if anyone you are not doing business with asks for your name, address, Social Security number, or account numbers, do not give this information, hang up or delete the text message. If you are unsure as to whether or not it is your bank? Hang up and call your bank yourself using the number you have on file.

Do you have additional information about this scam? Is there another scam you want us to cover? Tell us in the comments below. You can also contact us for more information! Feel free to shoot us an email to You can also find us on TwitterFacebook, InstagramLinkedIn, or even connect with us directly on our website!

About the Author: Aisha K. Staggers is a writer, lecturer, political analyst and literary agent. She appears weekly for “Staggers’ State of Things” on the Dr. Vibe Show. Her work has been published by Paper Magazine, AfroPunk, The Spool, GREY Journal, MTV News, HuffPost, Blavity, Atlanta Blackstar, For Harriet, New York Review of Books and a host of other first-run publications and syndicated outlets. Find her on Twitter @AishaStaggers. For more of her work, check out her page here!

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