Scams & Fraud

Reports of scams and fraud are rising. Scammers and fraudsters will call, text, or email a message that may look like it’s coming from a legitimate company.

The Victory Bank is looking out for you and wants you to learn how to protect yourself.

Read about current scams and how to prevent becoming a victim.

Paying with Gift Cards: Gift Cards are the top payment method scammers use. Fraudsters pretend to be from an authentic business to convince you to pay with a gift card. Legitimate companies or government agencies would not make this request.

Requests for Account Information: Fraudsters may pose as utility companies or credit card companies and will ask for your account information which allows them to access your accounts.

Depositing Checks from Unknown Sources: Some fraudsters will ask you to deposit a check into your account and promise you can keep a portion of the money. These checks are often counterfeit and will be returned or sourced from illegal activity. You can lose money or become unknowingly involved in a crime.

Store Account Hacking: Fraudsters hack into your Walmart, Target, Giant, and Amazon online accounts, to name a few, and place orders using your saved credit card information.

How to keep your accounts safe:

• Never open or use a personal bank account to deposit or transfer funds for someone else.
• Check any phone, text, or email communications to verify they are legitimate before sharing information such as your account number, security word, PIN, User ID, or password.
• If you receive a one-time passcode you didn’t request, don’t give the code to anyone who contacts you for it.
• Be cautious of requests to download apps to fix issues or that allow access to your device.

Visit FTC's Consumer Alert page for up-to-date information. Learn about Online Security on this site.