Mobile Deposits What Are ?
Mobile deposits offer a convenient way to deposit checks using your smartphone or tablet. It's a feature available on most mobile banking apps, allowing you to deposit checks anytime, anywhere.
With a few taps, you can securely deposit funds directly into your account, avoiding the need to visit a physical branch. HFS accounts, excluding business accounts, are eligible provided they are enrolled in Online Banking and have downloaded the Mobile App. Enjoy 24/7 access to your funds, no fees, and secure transactions.
Scam Tactics How Mobile Deposit Scams Work
Scammers often target mobile deposit users because of the ease and speed of transactions. They exploit this by posing as potential employers, lenders, or buyers, offering tempting opportunities to earn money.
These schemes often involve fake checks, overpayments, and requests to return funds via wire transfer, money order, or gift cards. The original check later bounces, leaving the victim with a financial loss. Be wary of any offer that sounds too good to be true.
Common Scams Types of Mobile Deposit Scams to Watch Out For
Beware of job scams involving fake job offers like mystery shopping or online data entry. These often involve depositing a check and sending a portion of the funds elsewhere.
Be cautious of catfishing, where scammers create fake online profiles to gain trust and then manipulate victims. Loan scams that advertise illegitimate loans are also prevalent. Additionally, fake contests promising prizes often require upfront fees paid via wire transfer or gift cards.
Remote deposit scams involve gaining access to a victim's account and depositing fraudulent checks, then requesting the victim to withdraw and send the funds through a third-party service.
“If it sounds too good to be true, it probably is. Trust your instincts and protect your finances.
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Fraud Alert Center
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Phishing Quiz
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Protect Yourself How to from Mobile Deposit Scams
Remember: if it sounds too good to be true, it probably is. Never share personal information or accept payments when feeling pressured. Legitimate entities will not request this information.
Always monitor your account activity regularly. If you spot anything suspicious, contact your financial institution immediately and report it to the local police department. Trust your instincts; if something feels off, do not proceed. For questions, visit hfsfcu.org or call 808-930-1400.