08/30/2026
‼️🚨 Bank Phone Scams: The “Protect Your Money” Scam
📲 The scam starts with a phone call from someone claiming to be your bank. The number may even appear to be your bank’s legitimate phone number because scammers use "spoofed" numbers to make the call look real.
The caller tells you that your bank account has been compromised and that, in order to keep your money “safe,” you need to move your money.
We are seeing scammers instruct victims to move their money in several different ways:
🔹 Give the scammer identifying information so they can open a new account and transfer the victim’s funds into it.
🔹 Withdraw cash from an ATM and deposit it into a Bitcoin ATM.
🔹 Withdraw cash from an ATM and place it in a box that a supposed “courier” will come pick up.
🔹 And the latest variation we have seen: withdraw cash from the ATM, purchase gold, and place the gold in a box for a “courier” to collect.
🛑 Let us be very clear: Your bank is not going to ask you to do these things.
🛑 Real banks and legitimate government agencies, including agencies such as the FDIC or FBI, will NOT call you and tell you to move your money to a new, “secure,” or “protected” account.
🛑 Your bank may contact you about a suspicious transaction. They may call or text you to verify whether you made a particular purchase. But that is where it stops.
They will NOT tell you to withdraw your money, purchase Bitcoin, purchase gold, hand cash to a courier, or give your information to someone so they can “protect” your account.
If you receive one of these calls or texts:
🛑 STOP.
📵 HANG UP.
✅ VERIFY.
💰 PROTECT YOUR MONEY.
Check your banking app, call the phone number on the back of your bank card, or go directly to your bank.