Your Bank Isn't Merging

The phone rings. They tell you that your bank has merged (or it's another bank failure) and they need your account information. Is it legit?

Of course not. However, it's easy to be fooled. Sophisticated scammers can sound very professional, and if you're busy you won't even pause to suspect something's wrong.

The FTC warns that a "bank merging" scam has become popular among criminals, so you're more likely to get this phone call. It's a form of vishing scam using old-school technology - the phone. To find out more and to get ideas on how you should react, see what our ID Theft expert says: Is Your Bank Really Merging?

Further reading:

• Vishing Scams Dial for Your Dollars
• How to Detect Phishing Scams