Mid-Year Scam Check: What Do You Need to Look Out For?

As we reach the halfway point of the year, it’s the perfect time to take stock, not just of your financial goals, but also of your financial safety. The digital world is constantly evolving, and unfortunately, so are bank scams. From check fraud to sophisticated AI-powered phishing, fraudulent banks and scammers are getting smarter every day. That’s why InterBank is here to help you stay informed, stay alert, and stay protected.

Below, we’re breaking down the most common scams of 2025 so far and what you can do to defend your finances.

Popular Scams to Be Aware Of

AI-Powered Bank Scams

Scammers are now leveraging artificial intelligence to mimic voices or generate convincing emails that appear to come from your financial institution. These AI-generated messages may include fake invoices, requests for personal information, or even impersonations of bank representatives. We recommend not having your voice on your voicemail. Choose the default recording instead of the custom one, as scammers only need eight seconds of a voice recording to create a whole conversation that mimics your voice.

Always double-check the source of any unusual request, especially if it involves money. AI-generated scams often rely on a false sense of urgency.

Check Fraud and Deposit Scams

Despite the rise in digital banking, check fraud remains a growing concern. Criminals often steal checks from the mail or alter legitimate ones before cashing them. In deposit scams, fraudsters may trick victims into depositing fake checks and then request that they send part of the funds back, leaving the victim liable when the check bounces.

Ensure that all checks you receive have a background and that you know their source. Checks that come via sweepstakes, work-from-home schemes, and other overpayment schemes should be approached with caution. Never send money back to someone who “overpaid” you.

Fake Text Messages

SMS phishing (or “smishing”) is a tactic where scammers send text messages pretending to be from your bank. These messages may claim there’s an urgent issue with your account or a suspicious login attempt. Genuine text messages from businesses or companies will have a five-digit code at the top of the message. Scam messages will often display the sender’s email address or phone number.

Legitimate institutions will never ask for your account number, password, or PIN via text message. Always verify the message by contacting us directly.

Ransomware

While more commonly affecting businesses, ransomware can also impact individuals. This software locks you out of your data and demands payment for its release. In some cases, scammers may threaten to release private information unless a ransom is paid.

Avoid downloading unknown attachments or clicking suspicious links. Keep your devices up to date with the latest security patches and antivirus software to protect your data.

Fake Bank Websites and Apps

Fraudulent banks often set up fake websites or mobile applications that closely resemble real ones. These fake platforms are designed to steal your login credentials, personal information, or even initiate unauthorized transactions. Save your usual sites you visit on your phone or home device. Do not simply follow a link or email sent with an “update” or improved” site. Always get your apps from the app store for your phone or device.

Always access your bank through trusted URLs or the official app store. Bookmark our official website to ensure you’re always on the right site.

Celebrity Impostor Scams

Scammers impersonate celebrities or influencers on social media to push fake giveaways, cryptocurrency investments, or charitable causes. These scams prey on trust and admiration for public figures. 

Cryptocurrency Scams

Crypto investment fraud continues to rise. Fraudulent investment firms promise guaranteed returns and often encourage users to transfer large sums of money. Once deposited, the money disappears. Always research before investing and avoid sending cryptocurrency to unknown parties or platforms.

Romance Scams

Romance scams can occur after a life event. We have seen cases where the victim has met the suspect and still lost funds. Verify the identity of anyone with whom you are communicating and guard personal information. Insist on video or in-person contacts and avoid ever sending funds. Additionally, do not provide personal identifiers or banking information. If being asked for any of these items, it is likely a scam.

Additionally, romance scams can also begin with a connection made on dating sites or social media. Over time, scammers ask for money for emergencies, travel, or medical expenses. Be cautious of anyone you’ve never met in person who asks for financial help. 

Debt Settlement or Relief Scams

With rising inflation, many are looking for financial relief. Scammers pose as debt relief agents, offering to eliminate or reduce debt in exchange for upfront fees. These fraudulent banks and services often leave victims in worse financial shape. Only work with verified, accredited agencies.

How to Protect Yourself from Banking Scams

Protecting yourself from check fraud and other types of scams doesn’t have to be overwhelming. Here are some best practices:

• Educate your family members: If you have seniors in your family, ensure that they are aware of specific scams that they could mistake for legitimate situations.
• Enable account alerts: Set up notifications for withdrawals, deposits, and logins. This helps you spot unauthorized activity quickly.
• Change your passwords often. Even if the website doesn’t require it, it is a good practice to change your passwords at least every six months.
• Never share sensitive information: We will never ask for your PIN, password, or full Social Security number via phone, text, or email.
• Monitor your accounts regularly: Check your transaction history often so you can report any discrepancies immediately.
• Avoid public computers and unsecured Wi-Fi for sensitive online transactions. Public Wi-Fi, commonly found in airports, hotels, and coffee shops, is often not secure and can expose your login credentials and financial information.
• Do not send confidential information of any kind by email unless it is encrypted.
• Verify before you act: If you receive a suspicious message or call, hang up or close the message and contact us directly through verified channels.

Your Security Is Our Top Priority

Bank scams are becoming increasingly sophisticated, but with awareness and caution, you can stay one step ahead. At InterBank, your financial security is our top priority. Whether you’re looking to safeguard against check fraud, avoid falling for fake bank apps, or spot the warning signs of fraudulent banks, we’re here to support and protect you.

Review your account settings, turn on alerts, and always access your accounts through the official bank website. If you suspect fraud or need help securing your finances, don’t hesitate to contact your local InterBank team. Your bank should be a source of confidence, not concern.