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 https://youtu.be/VUWwOwrv4GQ