Did you know that more scammers today are asking for payment by gift card? There’s been a 270% increase in this activity since 2015, according to the FTC. So, anytime someone calls selling something or about a bill you supposedly owe and suggests you pay with a gift card – don’t! Gift cards are for gifts, not payments. Scammers like them because they’re untraceable once the gift card is used and the money is gone.

Also, be wary of someone you know texting you to request a gift card. Your branch manager will never text you and ask for a gift card, so if you receive a request from someone you know, call them and personally speak with them before taking any action.

To read more about scammers who demand gift cards, click here.