Will a bank ever ask you to verify your birthday and social security number? No! A banking quiz seeks to help customers outsmart scammers.
Think you could spot a banking scam? Don’t be so sure.
Many people are falling for fake phone calls, texts, and emails that appear to come from their bank. Thousands of bank customers have lost millions of dollars to banking scams, so now the nation’s banks are rolling out a new tool to help you spot a scam.
Questions like “did you get good grades in school?” or “have a professional job?” are examples of tricks bank customers have fallen prey to.
“I got a phone call from my bank, and I knew it was my bank because I recognized their phone number,” victim Sarah Robb said.
However, it wasn’t really her bank. It was a scammer who drained Sarah’s checking account within minutes.
In recent months, Corinthia fell for a slick email claiming a problem with her account.
“It began with an email to me, and it said $499 was going to be withdrawn from my account,” Corinthia said.
But it was really a phishing scam and before Corinthia knew it, she was out $1,600.
The American Bankers Association wants to stop this growing fraud.
Next time you get onto your bank’s website or check their phone app, look for a little button that says, “would your bank really ask that?” It will take you to a quiz, and some of those questions just might stump you.
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The Banks Never Ask That website tests if you can outsmart online scammers.
Press release content from Newswire. The AP news staff was not involved in its creation.
NEW YORK – October 3, 2020 – ( Newswire.com )
Consumer Bank Report, LLC has released the first-ever public compendium of consumer banks in the United States, empowering consumers to discover the best banking options in their area.
Consumers have historically had a difficult time finding the differences between their local banks. With free access to Consumer Bank Report, this all changes. With access to over 10,000 unique brands, consumers now have the option to find a bank that best fits their unique situation.
Nancy Dulph, a 30-year-old mother in Orange, New Jersey, found her ideal bank using consumerbankreport.com, “I’ve always used Bank Of America, but due to their high fees for almost anything that can happen, I was forced to give up my bank account that I had since I was a child and find a new one!”
Consumers unhappy with their banking options is a growing trend in 2020. With ever-increasing checking and savings fees, and barriers to get approved for credit, the average American is finding themselves unsatisfied with their existing bank.
Consumer Bank Report looks to remedy this situation, empowering the average American to easily find a bank that works for them and their family, without going through the tedious process of walking into each bank and asking for that information in-person.
As the consumer banking and finance industry grows, the need for new lead channels and assets has increased dramatically. Consumer Bank Report, LLC and its sister companies are providing solutions to these problems, providing all types of lending companies new opportunities in the space.
// Alex Brola
Disclosure: Consumer Bank Report and Credit Glory were co-founded by Alex Brola.
(Bloomberg) — India’s benchmark equity index ended the session little changed as gains in Reliance Industries Ltd. and Tata Consultancy Services Ltd. were offset by a decline in banks and consumer stocks.
The S&P BSE Sensex closed at 37,973.22 after swinging between gains of as much as 0.7% and a fall of 0.4% in Mumbai. The NSE Nifty 50 Index fell 0.1%. The previous two sessions of gains have helped trim both gauges’ first monthly losses since May, with overseas investors remaining net sellers of local stocks after four consecutive months of buying.
“In the absence of major cues, it appears to be a traders’ market,” said Chokkalingam G, chief investment officer at Equinomics Research & Advisory Ltd. in Mumbai. “Investors should trade cautiously and book profits wherever they can.”
India’s government is likely to unveil its borrowing plan for the second half of the year Wednesday, while the central bank has yet to reschedule a policy meeting that had been scheduled to start today.
The rupee weakened 0.1% to 73.8587 per U.S. dollar, while the yield on 10-year government bonds fell three basis points to 6.04%.
Twelve of 19 sector indexes compiled by BSE Ltd. fell, led by a 2.1% decline in a gauge of telecom companies weighed on by Bharti Airtel Ltd.ICICI Bank Ltd. contributed the most to the Sensex decline, decreasing 1.6%, while Oil and Natural Gas Corp Ltd. had the largest drop, falling 3.8%Reliance Industries Ltd. provided the biggest boost to