Fraud Awareness

At First Minnesota Bank, we take security very seriously, and we strive to do everything possible to keep your sensitive financial information secure.

We have recently noticed an increase in fraud attempts against our customers in multiple communities. As a result, we would like to take a few minutes to educate you on the common types of fraud to prevent yourself and your loved ones from falling victim to fraud.

Common Types of Fraud:

 

Debit Card Scams

Debit cards are often a focus of criminals, commonly targeted at ATMs and gas stations through the use of skimming machines that read your card’s number when you use it. This allows criminals to make a copy of your card and make purchases and ATM withdrawals using your account.

 

Fake Check Scams

There are many variations of this fraud attempt. From someone trying to buy an item you are selling, offering you a work from home opportunity, or sending you a check for more than the needed amount.

Remember, you are responsible for the checks you deposit. If you are unsure about whether a check is legitimate, please contact us.  

 

Gift Card Scams

Many criminals will attempt to have you purchase gift cards to pay off a debt they say 
you owe, often to the IRS or another government agency. This is a scam. The IRS or another government institution or business will never ask you to provide gift cards as payment.
 
 

Dating Scams

In this scam, the criminal will attempt to prey on you by pretending to be a real person on a dating website. Once they’ve gained your trust, they will ask you to send them money or purchase them gift cards. If they always make excuses for not meeting-in-person, such as traveling for work or being in the military, that’s a red flag that it’s a scam.

 

Family Scams
 
In an online world, criminals can easily gain information about your family members. Then they can use
this against you by pretending to be a family member in distress and urgently asking for money.
It’s extremely important to be cautious about what you are sharing publicly online.
 

 

 

We have experience dealing with the numerous types of fraud listed here and in the handout, and we are here to help you keep your money and your sensitive financial information secure. If you are unsure about any financial transaction, please don’t hesitate to contact your local branch.