Stay a Step Ahead of Wire Scams with Velocity Credit Union

Wire scams are on the rise, and fraudsters are using increasingly sophisticated tactics to trick people into sending money—often with no way to get it back. At Velocity Credit Union, we’re committed to helping you protect your money and your peace of mind.

Here’s how to protect yourself from wire transfer scams:

• Always verify requests for wire transfers—especially if they’re urgent or unexpected. Scammers often pose as family members, businesses, or even government agencies. Call the person or company directly using a trusted number to confirm before sending money.
• Be cautious with emails or texts that include wire instructions. Scammers can hack email accounts and change wiring details. If you’re buying a home, a car, or making a large payment, double-check wire instructions with a known contact—not the one in the email.
• Watch for red flags, such as pressure to act quickly, threats of legal trouble, or requests to keep the transaction secret. These are classic scam tactics.
• Don’t wire money to someone you don’t know personally, even if the story sounds convincing. Once a wire transfer is sent, it’s very difficult—if not impossible—to reverse.
• Use Velocity’s secure channels to initiate transfers. Our team is trained to spot fraud risks and will never pressure you to complete a wire. If something doesn’t feel right, pause and ask us before proceeding.

At Velocity Credit Union, your security is our priority. If you suspect a scam or have any questions before wiring money, contact us immediately. We’re here to help protect your financial future.