Asked to pay by gift card? It’s a Scam!

Tuesday, July 17 at 09:00 AM
Category: Personal Finance

Arvest Bank is warning consumers about scams related to gift cards.

According to the Federal Trade Commission (FTC), many people are being targeted by scammers asking for payment in the form of gift cards. These scammers may call people claiming to be with the IRS, or tech support, or a so-called family member in need. If you’ve gotten a call like this, you know that the caller will then demand the gift card numbers and PIN.

And, poof, your money is gone.

Scammers are good at convincing people there really is an emergency, so lots of people have made the trip to local merchants to buy gift cards to send these callers. And scammers love gift cards – it’s one of their favorite ways to get your money. These cards are like giving cash – and nearly untraceable, unless you act almost immediately.

Here’s the most important thing for you to know: anyone who demands payment by gift card is always a scammer.

Gift cards are for gifts, not payments. If you’ve bought a gift card and lost money to someone who might be a scammer, tell the company who issued the card. (The contact info might be on the card, but might require some research). Tell them their card was used in a scam. If you act quickly enough, they might be able to get your money back. But – either way – it’s important that they know what happened to you. And then please tell the FTC about your loss by visiting www.ftc.gov/complaint*. Your report helps the FTC try to shut the scammers down.

How to Report Fraud Related to Your Arvest Accounts

  • To report Identity Theft, financial fraud or an unauthorized transaction in your account, please contact Customer Service immediately at (866) 952-9523.

  • To report a lost or stolen credit, debit or ATM card, please contact Customer Service immediately at (866) 952-9523 or by using our Contact Us page.

  • To report a suspicious email, phone call or text message, please forward the suspicious email to, or send a message to: reportfraud@arvest.com.

Source: FTC

Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

 

 

 

Tags: Financial Education, Fraud Alert, Gift Cards, Privacy and Security
There are no comments associated with this entry.

Post a Comment

  •  
  •  
  • Website Address:
  •  

Choose one or more categories to subscribe to:




Cancel