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Money Transfer Never-Evers

Our partner for money transfers, Western Union, offers a series about protecting yourself from fraud, and it offers excellent advice. We’re sharing their wisdom each month—and here’s the second in the series.

You are our partner. While Western Union works hard to help prevent fraud, we believe that fraud prevention is everyone’s responsibility. Your best defense is to be aware, educate yourself and use good judgment.

Don’t be a victim: Learn how to spot the warning signs of a scam or scammer before it’s too late.

Here’s some important information to remember about making a money transfer.

Lower your chances of falling victim to fraud by checking out these eight things you should never do when using a money transfer service.

  1. Never send money to people you haven’t met in person.
  2. Never send money to pay for taxes or fees on lottery or prize winnings.
  3. Never use a test question as an additional security measure to protect your transaction.
  4. Never provide your banking information to people or businesses you don’t know.
  5. Never send money in advance to obtain a loan or credit card.
  6. Never send money for an emergency situation without verifying that it’s a real emergency.
  7. Never send funds from a check in your account until it officially clears—which can take weeks.
  8. Never send a money transfer for online purchases.

We’ll publish more in Western Union’s fraud prevention series next month, but if you can’t wait, you can read more online here.

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