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Bank scams are a common way for criminals to gain access to people’s personal and financial information. In 2020, the Federal Trade Commission received more than 2.1 million fraud reports from consumers. Scammers use various methods to trick people into giving up sensitive information like bank account numbers and passwords.
Keep reading to learn about eight common bank scams and what you can do to protect yourself.
1. Overpayment Scams
If you provide services or sell products online, you could fall victim to an overpayment scam. Overpayment scams typically begin with someone sending you a counterfeit check or money order for more than the amount owed. Then, they ask you to deposit the money in the bank and wire the difference back to…