Jamie Tregidgo’s Post

Debit cards are a great way to access your bank account. Unfortunately, there are bad actors out there who work hard to compromise your card number and conduct transactions on your account that you did not authorize. Debit card fraud can happen in many ways. The most recent that has come to our attention is spoofing bank phone numbers. Scammers are able to spoof telephone numbers so the call looks like it’s coming from Park State Bank, when in fact, it’s really not us. If you receive a call from “Park State Bank” and they ask you for your 4 digit debit card pin, immediately hang up. Park State Bank will NEVER ask for your 4 digit pin to your debit card. For more information on spoofing: https://bit.ly/3rcW6Kp If you feel like you’ve been a victim of fraud, call any of our branches immediately so we can assist you.

‘Money can actually go into a bank account whereby the account name and the account number absolutely do not match’. A single massive reason for fraud/scam. Changes will be coming in 2024-2025 where matching names will have significant impact on fraud/ scam reduction while over $2B already been lost. Till then awareness is the key but it’s getting very sophisticated and more realistic than before with the help of technical advancement.

When was the last time you checked your bank and #CreditCard transactions for false charges? Learn how regularly monitoring your accounts can help quickly identify fraudulent charges.

When was the last time you checked your bank and #CreditCard transactions for false charges? Learn how regularly monitoring your accounts can help quickly identify fraudulent charges.

When was the last time you checked your bank and #CreditCard transactions for false charges? Learn how regularly monitoring your accounts can help identify fraudulent charges.

When was the last time you checked your bank and #CreditCard transactions for false charges? Learn how regularly monitoring your accounts can help quickly identify fraudulent charges.

When was the last time you checked your bank and #CreditCard transactions for false charges? Learn how regularly monitoring your accounts can help quickly identify fraudulent charges.

There will be calls to switch to e-SIM, be careful; A new method of bank account fraud #Account #bank #calls #careful #eSIM #fraud #Method #switch

About a month ago, I was working on a client’s books and saw a charge of $95 with a description of Service Monthly Fee. ➡️I looked at it again and thought “I don’t ever remember seeing a monthly charge for this account”. I reviewed the cash flow projection the client and I put together and did not find an expected cash outflow for a service fee. ➡️After some more research, it was discovered this was a fraudulent transaction and the bank credited my client the charge that was made. ➡️This charge almost made it through as many banks charge businesses a monthly service fee to use their bank. But because a cash projection was made, I could go back and confirm that this transaction was indeed fraudulent. ➡️I believe the fraudster would have continued to charge this “monthly fee” if no one had been watching. This type of fraud happens (and is still happening) all the time). These types of transactions are never large, they are generally small so they can go under the radar. ⚠️If you are not reviewing your cash and credit card transactions at least once a week, you may be getting charged for items you did not authorize.  

When was the last time you checked your bank and #CreditCard transactions for false charges? Learn how regularly monitoring your accounts can help quickly identify fraudulent charges.