Avoiding Wire Scams
Before you wire money, make sure the source you are wiring to is a trustworthy person or business that you have established trust with. Scammers can be very convincing, so always be cautious and never allow anyone to rush you into wiring money.
- Don’t wire money to anyone who says they work at a government agency like the FTC, IRS, SSA, U.S. Customs and Border Protection, or a well-known company. (That’s a scam: the government will never ask you to send money this way.)
- Never wire money to anyone who pressures you into paying immediately.
- Don’t wire money to anyone who says a wire transfer is the only way to pay.
- Never wire money to someone who tries to sell you something over the phone. (It’s illegal for a telemarketer to ask you to pay with a wire transfer.)
Never rush into anything. Do your own research before making a decision. Keep in mind that scammers usually try to force you to make a quick decision. For more information on this topic, click here.
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