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ACH FRAUD AWARENESS
The Automated Clearing House (ACH) Network is used by a vast number of financial institutions to handle bill payments, cash transfers, and direct deposits. Virtually everyone has made an ACH transaction at some point, but unfortunately a rising number of criminals have started using the Network to scam innocent individuals and take money directly out of their checking accounts. ACH fraud can be committed in a number of ways. The most common way ACH fraud is committed is by obtaining banking information from customers via phishing emails and malware. ACH fraudsters only need two important pieces of information to gain access to a person's bank account - a routing number and checking account number. Fraud can also occur via web transaction by using Trojan horses (malware programs). Once the Trojan horse takes over, the fraudsters can access the accounts of an individual and carry out financial transactions using their personal information. TYPES OF ACH SCAMS ARE:
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• Work-from-home schemes • Overseas money transfers • Fake offers of free or significantly discounted products
ACH fraud awareness is critical. Contact a Gulf Credit Union representative if you suspect you are a victim of ACH fraud.
Skip your payment, keep the cash!
Get all the details and submit your application at gecu.org
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They’re welcome anywhere Visa debit cards are accepted within the U.S. You choose the amount, and we load the cards in seconds. The recipient can choose where to go and what to buy. It's that simple! To purchase Gift Cards: Visit our nearest branch and talk to one of our representatives. It's easy! You can buy multiple ready-to-use Gift Cards in minutes. The next time you need to buy a gift, come to us for the flexibility and convenience of Gift Cards.*
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SAFE DEPOSIT BOXES
Safe deposit boxes are available for rent at all Gulf Credit Union locations. It’s an ideal way to keep important documents and valuables in a safe, secure location. Give us a call today 409.963.1191 or 800.448.5328 for details.
