* APR = Annual Percentage Rate | APY = Annual Percentage Yield
Recently we have seen fraudulent checks being circulated from Mystery Shopper Programs. While there are legitimate Mystery Shopping opportunities that exist, there are also plenty of scams. Here are some tips regarding Mystery Shopping Programs:
- If the Program is legitimate:
- You will not be asked to pay an application/certification fee.
- You will not be asked to deposit a check and return funds back via gift cards, money order or a wire.
Get more tips about Mystery Shopping Programs
- The FTC recommends that you do not do business with mystery shoppers who advertise in newspapers “help wanted” section or by email. Legitimate opportunities are generally posted online by marketing research or merchandising companies.
- If you are “hired” to be a mystery shopper and are told that your first assignment is to evaluate a money transfer service like Western Union or MoneyGram, IT IS A SCAM.
- You should not deposit a check from someone you do not know and then wire money back to them.
- If you receive a check, you can always contact the issuing financial institution to verify that the check is legitimate.
The FBI issued a Public Service Announcement regarding a rise in scams related to the Coronavirus (COVID-19) Pandemic including fake emails from the CDC, emails requesting personal information for stimulus checks and counterfeit treatments and equipment for treating the virus.
Learn more at the FBI website: https://www.fbi.gov/coronavirus
Remember - ServU Credit Union will never ask you for personal information like your PIN or Online Banking password over the phone. If you suspect a scam, hang up and call us directly to verify that it was really a ServU staff member that called.