money transfer

Money Transfer Scams

The U.S. Postal Inspection Service recently distributed thousands of checks totaling $46 million to people who lost money in scams that involved MoneyGram, a popular money transfer service. Continue Reading >

Blog Topic: 
Scam Alerts

Send Money Abroad with More Confidence

Today, you have new rights when you send money to family or others outside the United States.

These protections come from a new federal rule that was finalized by the Consumer Financial Protection Bureau earlier this year.

The rule applies to electronic money transfers sent by people in the United States to people or businesses in other countries. In general, the rule covers transfers sent by companies such as money transmitters, banks, credit unions and other financial services companies that consistently send more than 100 international money transfers each year. Continue Reading >

Blog Topic: 
Banking, Scam Alerts

Sending money out of love, or sending a scammer money?

Love is a powerful thing. So when a loved one calls or emails, saying they’re in trouble, you’d want to help, right? If they ask you to send cash immediately — should you follow your heart?

The short answer is: no. Unfortunately, scammers pretend to be someone you know to trick you into sending money. They might pressure you to wire money quickly to help with an emergency — to get out of jail, pay a hospital bill, or leave a foreign country.  Continue Reading >

Blog Topic: 
Scam Alerts