Police have another warning about the ways scammers are using money transfer apps to target victims and their bank accounts.
In this photo illustration, a Zelle logo seen displayed on a smartphone with the Zelle logo in the background. According to the, scammers are tricking their victims into resetting their Zelle account’s password. That enables the fraudster to wipe out the victim’s bank account in minutes.
They then notify the victim they will be receiving a one-time code to their phone and a notification from Zelle about a transfer. Those notifications are legitimately from Zelle and the bank, but police say the scammer will ask the victim to share the code.
Learn to recognize your financial institution’s fraud notifications and what you should do if you receive one.
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