Intercepted e-Transfers
An intercepted e-transfer occurs when a fraudster intercepts a legitimate e-transfer and deposits the funds into a different account before the intended recipient has a chance to accept and deposit.
Red flags
- You receive an email from the recipient stating they are having trouble accepting the e-Transfer
- You are asked to change the security question or provide the answer again via email
- You are asked to change the email recipient address and resend
- You receive an email from the recipient to change or confirm the password or they provide you with a password to use
How to protect yourself
- Do not communicate the e-transfer security answer via email (or in the e-transfer security question memo section)
- Choose a security question that is not easy to guess
- Call or text the recipient if they cannot accept the e-Transfer to verify
- Enroll for Autodeposit. When you are registered for this feature, e-Transfers are automatically deposited to your account
- Ensure the recipient’s contact details are correct
- Contact us immediately if you sense something suspicious