PREVENT WIRE FRAUD
CHECK YOUR WIRE BEFORE SENDING
WHAT IS WIRE FRAUD?
Wire fraud is a crime in which a person creates a scheme to defraud or obtain money based on false representation or promises via electronic communication—such as a phone call, fax, email, text, or social media messaging, among others.
SENDING A WIRE IS LIKE HANDING CASH OVER TO SOMEONE. THE BANK CANNOT REVERSE THE WIRE ONCE IT HAS BEEN SENT.
NEVER WIRE MONEY TO:
• A stranger - in this country or anywhere else.
• Someone claiming to be a relative in a crisis - and who wants to keep their request for money a secret.
• Someone who says a money transfer is the only form of payment that’s acceptable.
• Someone who asks you to deposit a check and send some of the money back.
Report bank account fraud by seeking the assistance of your Adams Bank & Trust banker. File a complaint with the Federal Trade Commission at 877.382.4357, local law enforcement, or your State Attorney General.
BEFORE SIGNING THE WIRE RECEIPT:
It is important to double check every piece of information before signing the wire receipt. If an error is found during the call back process, it may require a new receipt to be signed which can delay release of the wire.
QUESTIONS TO ASK YOURSELF:
If you received the wiring instructions from the beneficiary through an email or any other electronic format, did you call the beneficiary to verbally verify the routing and account number?
How do you know the person or business you are sending a wire to? Is it someone you’ve just met or someone you’ve met on the internet?
Is this someone you are romantically involved with, but they live far away and have claimed they need money for various reasons? Have they broken promises to visit? Have you ever met them in person?
Is the beneficiary a loved one claiming to be in trouble and in need of funds? Have you spoken with anyone else in the family to confirm that the situation is, in fact, true?
Has anyone told you to keep the details of the wire a secret?
If you are purchasing something, have you physically seen the item you are purchasing?
Have you received a payment or overpayment that you now have to wire back?
Have you been guaranteed a loan, lottery, or prize winnings?
WIRE CALL BACK:
After you place a wire transfer, you may receive a call from the AB&T Wire Team. We strive to call within 30 minutes of receiving the signed wire receipt to verify the wire details. However, it may vary depending on the volume of wires being processed.
• We will only call a phone number we have on file within our system.
• The area code of the call you receive will be (308).
• We will have to verify you prior to verifying the wire details.
• You will need to have the wiring instructions provided to you from the beneficiary.
• The details we will be verifying include, but are not limited to:
• Wire amount
• Beneficiary name and address
• Routing and account number
• Any additional information on the wire request