🚩 5 Red Flags Every Customer Should Know
Fraudsters often use the same tactics to trick customers into sending money or sharing personal information. Knowing these common red flags can help you spot scams before they cause harm.
1. Unexpected requests for money or information
Be cautious if you receive a message, call, or email you weren’t expecting, especially if it asks for personal or banking information.
2. Urgent or threatening messages
Scammers often create panic to make you act quickly.
Common phrases include:
- “Act now to avoid account closure”
- “Your account has been compromised”
- “Immediate payment required”
Take time to verify before responding.
3. Requests to send money in unusual ways
Fraudsters may ask for payment using methods that are hard to trace or recover.
- Wire transfers
- Gift cards
- Cryptocurrency
- Unverified P2P or ACH payments
Legitimate organizations rarely request payments this way.
4. Requests for passwords or verification codes
No legitimate bank will ask for your password, PIN, or one-time verification codes by phone, email, or text.
If someone asks for this information, it’s a scam.
5. Offers that sound too good to be true
Unexpected prizes, job offers, or financial opportunities with guaranteed results are common scam tactics.
Always verify offers before taking action.
Important: If something feels unusual or too urgent, pause before acting. Taking a moment to verify can prevent fraud.
What to Do
- Stop and verify unexpected requests
- Do not share personal or banking information
- Contact Panacea Support if you’re unsure