Scam Alert – Wire Transfers or Zelle Payments

We’ve recently seen digital money movement fraud on the rise. A scammer can contact you requesting payment through a Wire Transfer or transfer via Zelle® — these methods allow money to be sent quickly, and the funds are often hard to trace and recover.

You should never wire money or send money using Zelle® to:

  • Anyone who claims to be from a government agency
  • Any stranger, no matter what reason they give
  • A telemarketer trying to sell you something
  • Anyone claiming your account is compromised
  • Unauthorized, unverified cryptocurrency sites or salespeople
  • Anyone asking you to send money to yourself

Reference: Citi Bank