Fake bank fraud alert

A text about 'suspicious activity' that is itself the fraud.

How it works

You get a text or call that looks like your bank's fraud team: 'Did you attempt a $847 charge? Reply YES or NO.' Replying — even 'NO' — triggers a call from a polished 'fraud agent' who says your account is compromised and talks you into 'securing' it: reading back a code, moving money to a 'safe account', or sharing your login. Banks never ask you to move money to protect it.

Red flags

A fraud alert that asks you to reply, click, or call a number in the message
Caller asks for your full password, PIN, or a one-time code
You're told to move money to a 'safe' or 'holding' account
They insist you stay on the line or don't contact the bank directly

Real-world example

"CHASE ALERT: Did you attempt a purchase of $847.20 at WALMART.COM? Reply YES or NO. Replying NO will prompt a call from our fraud dept."

What to do

01Don't reply or call the number in the text — call the number on the back of your card instead.
02Never read a one-time code to anyone; your bank will not ask for it.
03If you shared details, call your bank's real number right away and freeze the account.
04Report the text by forwarding it to 7726 (SPAM).