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"\nCONGRATULATIONS!!! YOU HAVE JUST WON A PAYOUT OF $1,000,000. DROP IN YOUR CREDIT CARD INFORMATION BELOW, AND WE WILL GET IT SENT TO YOUR ACCOUNT. ACT FAST!!!!\n\n\n\nHow would you react to an email like this? Most of us would respond similarly: either hit the delete button or send it to the spam folder. Email scams are among the easiest ways of scamming people, and while most of us dont pay any attention, the number of scam emails doesnt look like it will decrease anytime soon. Despite being the most common scams, email scams are not the only scams you should know.\n\n\n\nBank scams are not only troublesome but also tricky to spot. When someone says they are from the bank and asks your credit card number for legal validation, what do you do? It is hard to distinguish the individual on the other side of the call. Despite regular attempts from banking authorities to protect their customers from scams, many people are tricked into banking scams every day. And the only way you could get around these scams is by knowing how they work. You need to start thinking like one if you want to evade a scammer.\n\n\n\n1. Cheque overpayment scams\n\n\n\nCheque overpayment scams can be real trouble if you are selling something online. In this scam, the buyer will purposefully write you a cheque for an amount greater than the products price. They will then ask you to return the excess amount feigning a mistake.&nbsp;\n\n\n\nThe problem is that sometimes these people look like genuine buyers, so you dont think twice about sending back the extra money. But the moment you send their cash back to them, they disappear. By the time you realize that the check is fraudulent, the buyer will be long gone, and theres no way of knowing whether they will return your items or just disappear with all the money.&nbsp;\n\n\n\nThe best way to evade cheque overpayment scams is to flag any checks from an unknown source. If you have received a valid cheque, wait for the money to go through. You can also ask your bank how long it takes for the cheque to clear so that you can spot fraudulent cheques early on.&nbsp;\n\n\n\n2. Credit card scams\n\n\n\nCredit cards are owned by everyone nowadays. Whether buying something online or paying for your utilities, almost everything can be done using a credit card. With greater convenience comes greater risk. Credit card scams have grown extremely popular in recent times. Some scams involve the victim paying before receiving any product; others could go as far as making you reveal all your bank details in exchange for an offer, which is too good to miss out on.&nbsp;\n\n\n\nSo whats so different about credit card scams? And how do you spot them? There are times when people fall into these traps because they are in desperate need of something and buy it from shady online stores. To evade credit card scams, keep an eye out for anything suspicious, like people asking for your card numbers or other confidential information without giving a good reason why. If someone calls you claiming they are from the bank, hang up the phone and call the bank yourself. You will quickly determine if you were about to walk into a scam or if the bank really needed the said information.&nbsp;\n\n\n\n3. Charity Scams\n\n\n\nCharity scams are among the most common types of bank scams. If you are not careful, they could easily convince you to send them money and make a run for it.\n\n\n\nThere is no sure-fire way of spotting a scam when it comes to charities, but there are some warning signs that should make you wary. For instance, if someone asks for donations over email or phone without giving any proof that their cause exists. Also, if anyone claims to represent an organization you have never heard of, hang up the phone and start googling.&nbsp;\n\n\n\n4. Online Lending Scams&nbsp;\n\n\n\nIf you are someone who has taken loans in the past or plans to do so anytime soon, watch out for online lending scams. These people offer interest rates that are too good to be true!&nbsp;\n\n\n\nLike all other bank scams, lending scams also come with plenty of warning signs. For example, an outrageous return on investment is improbable unless theres something fishy going on behind the scenes. Conversely, something like an interest-free loan probably doesnt exist. If the interest rate is too good to be true, it probably is.\n\n\n\n5. Employment Scams&nbsp;\n\n\n\nThe employment scam targets unemployed people desperately looking for a job. The scammer reaches out to you with a good job offer. But before letting you in on the offer, they ask for a fee. This scam usually targets job seekers by offering jobs that never exist! They will then charge an upfront fee and disappear into thin air. The best way to evade these is to avoid working with companies that want a finders fee before disclosing the job.\n\n\n\nWhile various bank scams target your money, ones involving charities and online lending schemes should be avoided at all costs. For anything else, make sure you do some thorough research before committing to a decision! Remember to keep an eye out for red flags whenever someone asks for sensitive information about your account details or offers too good a deal because these could mean trouble ahead.\n"
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