Be Alert for Stimulus Check Scams
With the recent news that the U.S. government will begin sending Economic Impact Payments (stimulus checks) in a few weeks to help Americans as the result of coronavirus pandemic, the Better Business Bureau (BBB) and Treasury Department are warning people to watch out for scams.
Keep in mind, the IRS won’t call, email or text you asking for personal financial information like Social Security numbers, bank account details or money.
Check scams, processing fees
According to the BBB, watch for fake economic impact checks, or people asking you to pay fees to get your money earlier.
For most of us, no action is needed at this time and the IRS will not be sending checks – but will calculate and automatically send the payment using our direct deposit information it already has on file (e.g., from recent tax returns).
Social media messages
The BBB also warns about a variety of social media scams regarding the stimulus checks with posts that indicate you need to verify your information – that link to official looking websites, or may even appear to come from one of your friends.
Remember, government agencies won’t use social media to communicate. Do not click on links in these types of posts – clicking on them may download malware to your device that cybercriminals could use for identity theft.
For more information about the economic impact payments, visit the IRS website.
To learn about other scams related to the coronavirus, check out this other blog post.
Your Turn: Have you been targeted by a coronavirus scam? Tell us about it in the comments.