Scam of the Week

Every day, people across the country are being tricked into withdrawing large amounts of cash from their bank or credit union—and giving it to a stranger. Unfortunately, once the money is handed over, it's gone for good.

These scams are affecting people of all ages—including smart, cautious individuals who never thought it could happen to them.

💼 What Is the “Cash Bag Scam”?

This is a type of fraud where scammers convince you to withdraw money and hand it over, usually by claiming your account has been hacked or is being used for criminal activity. They may say they are with a government agency like the FBI, IRS, or Secret Service and that they need your help in an investigation.

It’s all fake—but they can sound very convincing.

📞 How the Scam Works

Here’s a typical example:

1. You get a call or email from someone claiming to be from a company like Amazon, saying there’s suspicious activity on your account.

2. You’re told your account has been compromised by hackers or even terrorists.

3. They “transfer” you to someone claiming to be law enforcement or a government agent.

4. That person tells you not to trust anyone—not your spouse, family, or your bank.

5. They ask you to withdraw cash and either:

   • Mail it somewhere for “safekeeping,” or

   • Hand it to someone in person.

6. You may be told to keep your phone on while at the bank and to lie if asked about the withdrawal.

All of this is a scam.

💡 Why This Scam Works

The scammers are trained to create panic and urgency. Victims are told their money is at risk and that only this “agent” can protect them. The fraudsters are even coaching people on what to say at the bank to avoid suspicion.

It’s happening more than you think, and it could happen to anyone.

✅ How to Protect Yourself

Awareness is the best defense. Here are key things to remember:

• No government agency will ever ask you to withdraw cash and hand it to someone or mail it.

• No one legitimate will ever ask you to lie to your bank or spouse.

• Law enforcement will not ask you to stay on the phone during a bank visit.

• If something doesn’t feel right, hang up and call the official number of the company or agency.

🏦 Carver Bank Is Here to Help

If a bank teller or manager asks questions about a large withdrawal, it’s because we care about your safety. We’ve seen these scams happen, and our staff is trained to spot warning signs and help prevent fraud.

Scammers often coach victims to say things like:

• “I’m doing home renovations.”

• “I’m buying a new car.”

• “I’m planning a trip.”

These are red flags we look out for—so don’t be offended if we ask. It’s to protect your hard-earned money.

🔐 Tips for Extra Security

• Set up alerts on your account to get notified of large transactions.

• Never download unknown apps or programs onto your computer or phone from someone you don’t know.

• Look up phone numbers before calling them back—just because it sounds official doesn’t mean it is.

• Talk to someone you trust if you’re unsure. A second opinion can save you from a scam.

📣 Spread the Word

These scams are growing fast, and they often target the elderly. If you know someone who might not be aware of this threat, share this information with them. You could be saving them from a major financial loss.

If you think you’ve been targeted or need help, please reach out to us right away. We’re here to help you stay safe.

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Carver Bank Security & Fraud Prevention Team