Stimulus Check Scams

You've heard by now that the government is sending out relief checks, known as an economic impact payment, as part of the federal response to the Coronavirus crisis. Unfortunately, scammers heard this news too and they are reacting quickly with new schemes to try and trick you into handing over your money.

Don't Fall Prey to the Scammer: What we know so far

Stimulus payments have not even been released yet and the IRS is already reporting instances of scammers attempting to trick you out of your money. While no one knows all the details yet, here are some things we do know.  

As of today, no payments have been made.

You don't need to do anything to get your money

  • Payments will be direct deposited into your account if you provided your bank information to the IRS on your 2018 and/or 2019 tax return.
  • If you receive Social Security, then do not need to do anything to get your money.
  • If you have not filed taxes recently, you may need to submit a simple tax return in order to get your check. 

Do not give anyone your personal information to "sign-up" for your relief payment.

  • Be on the lookout for unsolicited emails and text messages asking you to "sign-up" for stimulus checks.
  • The government already has all the information it needs. Anyone calling to ask for your personal information, like your Social Security number or bank account information, is a scammer.

To set up direct deposit of your payment, communicate only with the IRS

  • You only need to sign up for direct deposit if you did not give the IRS your bank information on your 2018 or 2019 tax return. 
  • To sign up, please do so only through the IRS website. Do not respond to emails, text messages, or phone calls asking for your account information.

No one has early access to their money. Anyone that claims to is a scammer. 

For more information on the economic impact payments, please visit the IRS website here.

Other Tricks of a scammer: 

Please be aware that any government agency will never contact you asking for personal details, such as account information, card numbers, Social Security Numbers, or online banking passwords or access codes, and neither will CB&T.

Please be aware that scammers may: 

  • Contact you to ask that you sign over your stimulus check to them.
  • Ask by phone, email, text message, or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up your relief payment.
  • Suggest that they can get you your relief payment faster by working on your behalf. This scam could be conducted on the phone, on social media, or even in person. 
  • Mail you a fake check, perhaps in a weird amount, then tell you to call a phone number or verify information online in order to cash it.

If you believe you have been the victim of a scam, or have any questions or concerns about scams, please contact us at 753-1521.