Product Reviews
Take Action
Back
SIGN THE PETITION

Fight for Fair Finance

Tell the administration and Congress to stand up for the consumer watchdog that protects you from financial fraud and abuse.
Take Action
Why Do We Have Campaigns?
We're fighting to ensure you and your family can get a fair deal in the marketplace, especially on the choices that matter most: health care, privacy, automobiles, food, finances and more. Join our campaigns and together, we'll hold corporations and lawmakers accountable.
SCAM ALERT

Robocallers want your debit card information

An old scam is back. Here's how to protect yourself

Published: June 26, 2015 02:45 PM

M&T Bank is warning its customers about a robocall scam that aims to gather customer debit card numbers, reports Rochester’s Democrat and Chronicle. Sadly, this scam has been around for some time, targeting customers of banks and credit unions all over America. Here’s what you need to know to avoid falling victim.

How it works

The scam goes like this: 

  • you get a call with either a live person or a recorded message; 
  • they say that they are calling ‘to warn’ you that your account has been frozen until you ‘verify’ some personal information; 
  • you are then asked to either punch in to the key pad or say your card number and maybe even the PIN, security code and expiration date; 
  • the scammers then use this information to make fake cards, and before you know it your bank account is empty or your credit line has been run up with fraudulent transactions.

Read more about how to put an end to robocalls.

How to avoid it

  • Don’t rely on caller-ID
    Scammers can easily spoof legit phone numbers, making it appear that they are calling from your bank or credit union. Don’t fall for it!
  • Just hang up
    Banks don’t call to ask for customer account information. They already have it. Hang up if anyone – via prerecorded message or live agent - asks for your card number, PIN, security code, expiration date, or other personal information.
  • Check with your financial institution
    Security breaches happen, and banks and credit unions may contact customers about fraud on their accounts, but don’t take a call or text or email as the truth. Use independent means, such as signing in to the bank’s website or calling the bank directly yourself using the phone number on the bank of your card, to find out what’s really up with your account.
  • Join with us
    Robocall scammers shouldn’t be able to get to us. That’s why we and more than 300,000 others are calling on the phone companies to provide us with tools to stop robocalls as part of the End Robocalls campaign. Just last week the Federal Communications Commission called on the phone companies to do more to stop robocalls and spam texts. It's time for the phone companies to act. Join with us as we work to get the phone companies to do what the FCC and their customers want and need them to do.

    Christina Tetreault

E-mail Newsletters

FREE e-mail Newsletters! Choose from cars, safety, health, and more!
Already signed-up?
Manage your newsletters here too.

Money News

Cars

Cars Build & Buy Car Buying Service
Save thousands off MSRP with upfront dealer pricing information and a transparent car buying experience.

See your savings

Mobile

Mobile Get Ratings on the go and compare
while you shop

Learn more