Do you work abroad and send money to Bangladesh regularly? A correct and succinct diagnosis, as they say, is half the cure! Every year we learn about frauds that take place online across the globe. This article is going to give you an insight into online money scams and the tips to avoid such scams.
You need to keep the following in mind as one of the following will be included in online money scams:
- A request from someone you have never met;
- Someone in a crisis which you cannot tell others about;
- A money transfer is the only form of payment accepted; and
- Paying money to get more money back.
Here are some of the top scams and advice on what to watch out for before a money transfer to Bangladesh.
Venmo Scam: – In this scam, you need to watch out for ‘’someone ‘accidentally’ sending you money on Venmo, Cash App, Zelle, and similar apps’’.
Online Purchases: – In this scam, you need to watch out for ‘’someone asking for money upfront’’.
Lottery and Sweeps: – In this scam, you need to watch out for ‘’someone asking you to must pay a fee to receive your prize’’.
Get Out of Jail: – In this scam, you need to watch out for “a person claiming to be a loved one asking you to wire bail money’’.
Guaranteed Loans: – In this scam, you need to watch out for ‘’a request to pay for your application or taxes before you receive the loan’’.
Phishing: – In this scam, you need to watch out for ‘’someone asking for personal details over email such as bank accounts, passwords, and SSN, etc.’’.
Bogus Cheques: – In this scam, you need to watch out for ‘’receiving a cheque payment with a request to wire the difference back to the sender’’.
Mystery Shopper: – In this scam, you need to watch out for “being sent a cheque along with your welcome letter and told to send a money order back’’.
Charity: – In this scam, you need to watch out for ‘’donation requests from a fake charity pretending to be real’’. Most of the expatriates send money to Bangladesh online for charity and investments.
Nigerian Dignitary: – In this scam, you need to watch out for ‘’someone contacting you to help recover a large sum of money and need your bank account information to help pay fee’’.
Stranded Traveler: – In this scam, you need to watch out for ‘’a loved one claiming to be in trouble, and they are asking for you to send cash’’.
Online Dating: – In this scam, you need to watch out for ‘’getting to know someone online, and after feeling a connection, they ask you to wire money’’.
Conclusion: – These are some of the most common scams around sending money abroad, and it goes without saying that in each of these scams, the best precaution is to turn down all such requests right away and report the caller or the emailing ID to the institutions responsible for regulating cybercrimes in your respective countries. ACE money transfer services proudly state that they are your best choice as they are completely scam-free and reliable – a customer trust ACE gained over the years of its extremely satisfying services in this market with a bight record of online money transfer to Bangladesh.