Mar
2023

International Bank Transfers – Read More About It

People have been victims to fraud and scams in international bank transfers for quite awhile now. Still, almost every week you can read of some poor victim who has had their bank account drained to zero with no hope of every having their money returned. International bank transfers have become easier and safer than ever before. However, do not be lulled to sleep by a false sense of security.

In a tough economy many people are desperate to make money any way they can just to make ends meet. Someone comes along offering enormous commissions for just receiving money from a foreign bank and transferring it to another. For that favor you get to keep that whopping commission.

It sounds a lot easier than day trading or other risky alternatives. Do not be fooled. If you give up your valuable and private financial information to a stranger you have lost all security that you may once have had. We are talking about a lot of information to identify yourself such as: IBN of your bank, your bank account number, and your phone number. If you wouldn’t hand this information to a total stranger on the street, by all means do not ship it overseas to a stranger with access to countless ways to abuse the information and cost you money.

Many scams and fraud offers come to you via email, or even websites that advertise “overseas job opportunities.” Do not answer the emails and do not go onto websites of questionable nature. Trojan viruses can grab your information. Key logging is complicated and sinister internet activity done by hackers and malicious people and it can get your information. Best advice is to stay away from any of this questionable activity.

Be safe and only utilize an international bank transfer to someone you know and trust. If you do not have a relationship with the person, business or organization, try utilizing safer ways to transfer money. If you think you may have become a victim of scams or fraud, do not hesitate to report the activity to police and bank authorities. The main thing is simply to always use your best judgment. If something sounds too good to be true, then it usually isn’t. Use international bank transfers wisely and do not lose your cash or be sucked into illegal activity.