The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…

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The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…
The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…

Smart Quiz! The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…

Answer: You Called First

Sophisticated scam artists are calling people from what appears to be their bank’s Caller ID and will seem to have your personal banking information, including digits of your account number, home address, employment information, mother’s maiden name, and even items on your credit report.
Remember, most all your personal information is available to scammers on the black market, so you cannot trust they are legit just because they verify information about you.
DO NOT GIVE ANYONE INFORMATION IF THEY CALLED YOU.
Ask for the purpose of their call and if you believe it is a valid call, then call your financial institution at the number on your regular account statement or back of your credit or debit card. If they tell you there is a special department or different number you must call, do not trust that.
A reputable call from a bank or credit card issuer may ask you to verify your address or other personal information. The problem is that this call can be brilliantly “spoofed” or faked in a way to get you to reveal information they can use to steal your identity, your money or commit acts of fraud under your name.
As always, here’s to your financial health!