BofA Alert Text Scam - Zelle Money Transfer
While Bank of America may send you a text to validate unusual activity, they will never contact you to request that you send money using Zelle® to anyone, including yourself, or to share a code to resolve the fraud. If you receive a request like this, it is likely a scammer trying to trick you.
Details of the "Pay yourself" Scam
You receive a text message that looks like a fraud alert from your bank about unusual activity. The text may look something like "Did you make a purchase of $100.00 at ABC merchant?".
If you respond to the text, you have now engaged the scammer and will receive a call from a number that appears to be from a bank.
They'll appear to be a representative from a bank and will offer to help stop the alleged fraud by asking you to send money to yourself with Zelle®.
The scammer will ask you for a one-time code you just received from a bank. If you give them the code, they will use it to enroll their bank account with Zelle® using your email or phone number.The scammer now has the ability to receive your money into their account.
Check the comment section for additional information, or share what you know or ask a question about this article, by clicking the 'View or Write Comment' button below.
Note: Some of the information in samples on this website may have been impersonated or spoofed.