Wire Transfer
Scammers are leveraging the COVID-19 pandemic to steal your money, your personal information, or in the case of home mortgage scams, both. While the FBI has seen a significant rise in fraud schemes, the process of buying a home is the latest target for wire transfer fraud. Americans lost $1.2 Billion to imposter scams alone…
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Not all money transfers are created equal. Both wire and Automated Clearing House (ACH) transfers are ways to electronically move money from one bank account to another. They may seem alike, but they are not. These methods of sending funds are referred to as an EFT or electronic funds transfer. EFT is an umbrella expression…
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