Y2K Phone Scams

Phone con artists count on consumers not to use common sense. Here are a few red flags.

A caller claims to represent your bank and says the bank isn’t "computer-ready" for the year 2000. He tells you all bank customers need to transfer their accounts to a special bond account until the bank can fully comply with the Y2K requirements. You are asked to confirm information about yourself and your account numbers. The caller mentions that if you don’t, you might lose all your money.

The Federal Trade Commission reminds consumers to be skeptical of any telephone solutions, especially those that ask you to verify personal information, provide a credit card number, or say that you must "act now". When it comes to bank warnings, get them in writing.

[ Home | Your Money | Get Organized | Tightwad Tidbits | Living Better | Safety & Privacy | Buyer Beware | Kids & Money | About CEU | Search ]

	Web site coordinators: Jamie Thompson Sandra McKinnon Site evaluation: Cynthia Crawford Last updated: March 09, 2005	Web site established by: Kate Akers Mark Belwood Cynthia Crawford Sandra McKinnon Diana Hammond

University of Missouri Extension does not discriminate on the basis of race, color, national
origin, sex, religion, age, disability or status as a Vietnam-era veteran in employment or programs.