Stay Safe from Scams: What You Need to Know

Fraud and scams are growing more sophisticated, targeting people of all ages. At Deerwood Bank, we’re committed to protecting your financial well-being—and that starts with knowing how to spot suspicious activity. 

Common Types of Scams 

Scammers use familiar tactics to deceive people. Here are the most common: 

1. Phishing Emails & Texts
   Messages that appear to be from trusted companies (even your bank), asking for personal info or prompting you to click a link. 
2. Phone Scams
   Callers impersonate the IRS, Social Security, tech support, or a distressed relative—pressuring you to act fast.
3. Online Shopping & Marketplace Scams
   Fake websites, counterfeit products, and fraudulent buyers/sellers can lead to financial loss. 
4. Romance & Relationship Scams
   Scammers build trust through fake profiles, then request money for emergencies, travel, or investments. 
5. Check & Deposit Fraud
   You’re asked to deposit a check and return part of the funds—only to discover the check is fake.

How to Protect Yourself
Scammers rely on urgency, fear, and distraction. Here’s how to stay safe: 

Verify Before You Trust
If you receive an unexpected message or call, don’t respond. Instead, contact the company directly using the contact information found on their official website. 

Never Share Sensitive Info
Legitimate businesses won’t ask for passwords, account numbers, or PINs via email, text, or unsolicited calls. Deerwood Bank will never request this information. 

Watch for Red Flags

• Requests for gift cards or wire transfers 
• Pressure to act immediately 
• Poor spelling or grammar 
• Unusual payment methods 
• Unexpected messages from known contacts 

Use Strong Passwords & Two-Factor Authentication
Create unique passwords and enable two-factor authentication when available. 

Monitor Your Accounts
Regularly review bank and credit card statements for suspicious activity. 

If You Suspect Fraud 

• Contact your bank immediately and notify them of the suspicious activity 
• Change your online banking passwords 
• Report scams to the FTC at https://reportfraud.ftc.gov/  
• Consider placing a fraud alert or credit freeze with credit bureaus 

Stay Informed, Stay Protected 

Scammers evolve quickly—but so can you. By staying alert and practicing safe habits, you can protect your identity and finances. If you have concerns or believe you’ve been targeted, Deerwood Bank’s team is here to help.