California man loses half his savings in Bank of America transfer scam

As we've reported, hackers have been stealing unemployment benefits off thousands of EDD debit cards during the COVID-19 pandemic. Now, scammers are using the "fear" of that fraud to lure their victims. It cost one man half his life savings. abc7ne.ws/3iGiDIK
#scam #money #california

[@timman3643]

Dude, no bank is going to tell you to transfer to another bank. That’s the number 1 red flag

[@wanaraz]

It would not work with you or I but for seniors it's crushing. My Mom gave out her credit card numbers online because they said they were the bank. Luckily she told me and I fixed it. But I think many people who have cognitive problems easily get taken advantage of.

[@jasmintorino6129]

@@wanaraz Seniors are easily dupped and targeted by these scams, unfortunately.

[@rhondae8222]

Are you really 36 years old?

[@poker_]

🤣🤣

[@Alejandro-uw2hn]

The red flag in his mind was “hey someone is taking money from you ” and therefore “hey banks don’t ask you to transfer money to other banks” was not even contemplated at that moment. The trick is keeping your mind fixed in one problem so you don’t fix the other. He is not stupid, the scammer is the one doing things that he is not supposed to.

[@samanthahardy9903]

The guy that got scammed said he had a bad feeling about it but still went ahead and transferred his money anyway? Trust your instincts folks!

[@thinkman2467]

And I've never been able to Zelle over $1500 at a time and $2500 day max so how much was his life's savings? This is a joke, he probably was in on the scam.

[@DZ-bz1ww]

I think many of these scammer are overseas. They're playing into the mentality that many Americans are comfortable trusting the system. Just like how many expats to abroad trying to invest in businesses and then get scammed by locals. Americans need to realize that most people in the world live in countries where the system are broken.

[@jasmintorino6129]

I'm very dubious about this story and the scam itself. Why would the alleged victim transfer money to an unknown account? He acted too hastily in my opinion. Do your due diligence.

[@chantellucky4565]

Intuition is that little voice called, 'Gut Knowing', a silent warning, the wise-self talking to your unguarded, stressful, busy chatty mind! We need to listen! Ask yourself, " Why am I having that thought?" every time there is a question arise to your consciousness! Question it before you act on that 'something!'

[@dejambtutorandcoachfoundation]

@@thinkman2467 we have to be very careful about scammers

[@leonjohnson1397]

Why would a bank call you to transfer to their competitor? That’s a huge red flag

[@DeeDee-a29L]

I'm watching and I'm saying the same thing the bank will never do that .

[@jajayaboy]

Apparently it was a green flag 🤦‍♂️🤣🤣🤣 why wont no one say it! Some people are just f slow.....

[@leonjohnson1397]

@@jajayaboy lol exactly

[@kentharris7427]

Actually Banks do give that type of advice if your account has been hacked. They don't however have an account ready for you at a competitors bank.

[@stephenc2481]

Why would you Zelle your money anywhere? Just call the bank and freeze everything.

[@annaroseannadanna1]

He’s lucky he got it back. Usually when Money transfer apps are used, it’s out of the banks hands. Zelle does not guarantee your money nor is it federally protected. There’s been many a time where banks just say “sorry, nothing we can do”.

[@merrymaurader2521]

Wells fargo

[@darleneachille491]

Yes its true, he is really blessed!

[@Headthumper66]

BOA and Zelle is in some sort of partnership. It’s app includes Zelle as a feature of the bank. Not a third party transfer as all other banks use. So they may be liable

[@baara100]

@@Headthumper66 when using zelle bank over and over states for friends only because they legally qre not liable

[@nancyanderson2032]

yeh but B OF A is insured for $200k per acct. the moneywas stolen

[@KarenWeems]

“Hang on I have another call”, call your bank directly and hang up on the scammer. Calling your bank is quick and easy AND REAL!

[@soyou4217]

hmm what happens in Asia is that, hackers take time to follow you around for a while and have you install something by clicking some delivery update text and start controlling your phone. So you hang up and call police, fraudsters answer. all your outbound calls goes to them. u know what i mean? i am sure fraudsters do that here too.

[@V.E.R.O.]

Yeah, that's the smart thing to do.

[@1991ROLEX]

If the scam call is on a cell phone - use your landline to verify, if it is on the landline, call on your cell.

[@stephenwilliams9628]

This man is the reason these scammers exist bless his heart

[@leeroykincaid2172]

Now THATS funny…..😀

[@consumerdebtchitchat]

Well said Stephen.

[@wendyclever4827]

Bless his heart? No! Bless Bank of America for giving money to him with no interest! 🤣🤣🤣

[@clevername8832]

Yeah, bless his stupid gullible heart.

[@SpaceCadet4Jesus]

Hey, come on, scammers have kids too....you wouldn't want scammer Suzie going to school without eating or shoes, would you? Remember, It's for the kids.

[@saraimontes5338]

Just so everyone knows... Banks DO call you to verify suspicious activity. The only difference is that when the bank is legitimately calling you, they know your name, DON’T ask for any of your personal information and it's a quick call. All they want to know is if it was you or not so they can unblock the card if necessary. I work in the fraud department for a bank and make these calls.

[@chantellucky4565]

Bank calling us? Never received one! If my bank called me, I'd hung up, LOL!

[@hermanrogers1325]

Yep that’s right they know your full name and address and ss number and date of birth scammers don’t know this

[@Materialgirl_3]

No they would not. However some banks will send you a text message to confirm it’s you if you’re trying to make a large purchase

[@schoolwork232]

I have not heard of a bank calling to verify suspicious activity.

[@mocowan6642]

I got a call from my bank recently to verify that it was me transferring money to my credit union account. They knew the name of the credit union and the amount transferred. They said they were verifying it to make sure no fraud was being committed. I verified it was indeed me, and the money was in the credit union account in two days.

[@blackpearl3126]

It’s sad that we live in a time where people are so nasty.

[@mikec5300]

Ppl are getting dumber by the day. We are so screwed

[@goldielocks3354]

Why would any bank tell you to put your money in another bank like seriously

[@Talkwithtina808]

Like seriously!!! Some people need to be scam 😫

[@bbsladyb6299]

And this is why I don’t feel sorry for them

[@timman3643]

That’s the number 1 red flag

[@ratchfordgeorge]

Sounds really stupid to move yourself money out of your bank to another. Since "Bank of america" knew of this they could stop it.

[@heathermetz6576]

No Bank likes to lose money!

[@LA_Home_Deals_Texas]

That is not true…Zelle has a daily cap of 2,500-4000. That is his whole life saving really?

[@jayabdimohamed5629]

😂😂

[@josephcerrera8299]

I thought it was 500

[@kingnaes8518]

Well it did say half his life savings.... but still bad for his age. Must of never saved or unable to save.

[@musicoldies83]

I wouldn't doubt if that was the idea of the creative news department to make the story more ghastly, so that they draw more of an audience to watch their news station.

[@sneksteppy]

Does he seem very smart to you? Bro is probably living paycheck to paycheck.

[@markfaulkner8965]

The fake compassion is insulting!!! Get an excited energy when talking about scammers finding a new way to rob people then finish with a man losing half his money by saying “ it breaks my heart to hear that…tough” with an energy of judgement and disregard.

[@MrTmenzo]

Transfer via Zelle? C'mon dude why are people so gullible.

[@joharilarosa6230]

Exactly

[@SL-lz9jr]

That’s precisely the point. These scams weed out people who wouldn’t fall for this trick or who aren’t so easily panicked/worried. That leaves the people they’re targeting.

[@tantancan]

Happens all the time sadly.

[@Yayita-lo3oo]

I don’t have any idea how he was able to transfer a lot amount of money to another account without first ask - call the bank or the bank noticing it was strange.

[@shannon2748]

@@SL-lz9jr They usually prey on older people. Elderly people in my area have been getting calls claiming there's a warrant out for their arrest and they must pay a judge some money. one man around here kept being told by his daughter that no one was coming to arrest him and stop believing these calls.

[@sandrawilliams5647]

Thank God ,he got his money back please be careful people, if that inner self tells you don’t do something listen.

[@Niggurath-n4h]

Instinct is real. I had the same moment, where just as I activated my debit card on the same day, someone called me on a call center type number. He said that he wanted to know my name, cellphone number, birth date and etcs. He insist he is from the same bank, but I question him why would I need to provide those details when they should already have access to my information. He got mad when I insist to answer me. Which verify my concern that I need to report this to the bank directly and notify the authorities. After few days I've seen the news that authorities raided a call center type office who is involved in the scam.

[@sandrawilliams5647]

@@Niggurath-n4h Good 4 You

[@mikewhocheeseharry5292]

I’d like to think it’s my future self talking to my present self. Lol

[@shaft5]

One of the lessons I have learned in life is that ANYONE can be scammed, even super smart people. If someone has enough motivation, they can scam just about anyone. That is why you have to be extra careful and be careful of everything.

[@leedaniels7196]

Exactly Sandra!.LISTEN TO THAT INNER VOICE!.

[@freeatlast.]

This man needs to move his savings into my account for safe keeping.

[@jlpark79]

😆

[@marthamartin23]

😆😆

[@stephenc2481]

He should put my name on his will, to be safe.

[@pk3]

May be he will. Just call him.

[@lisetjones5839]

🤣🤣🤣🤣

[@Sky1]

Sentences should be doubled when they scam a senior

[@montneymon-ta-knee6810]

you have to go to india

[@mikejohn0088]

It's 2022 ---there are no sentences.

[@bit1733]

The problem is there still are people like David "in this age". Which bank on earth asks its customers to move their money out because it's unable to safeguard it?

[@jackson5116]

None, but the other problem is that seniors don't know about Zelle, that it instantly transfers money from account to account, so someone else's account just got their money.

[@mysteriousme3006]

And to another bank at that!

[@simonlebon2022]

David must have been living under a rock for the past few decades to not know that people can fake caller ID to make it looks like any legitimate company. And he needs some common sense. Why would a bank tell him to transfer his money to keep it safe. It is their job to keep it safe.

[@numbernine3436]

These scammers are good. This guy is young enough, he should have gone with his gut feeling. We all need to talk to the elder people in our lives. If they don't recognize the number, DO NOT ANSWER

[@icost4671]

Scammers when caught, should be doing longer jail sentences than what is in place right now.

[@citticat2]

He was so lucky to get his money back. I hope people learn a lesson never trust emails or calls from people trying to get at your account information -- ALWAYS call the bank to verify.

[@regwill1229]

Don't be fooled twice as an x felon i can see right through this scam HE was in on it. But had to report it in order to get away with the crime. Elementary my dear Watson.😜😄😄😄😂😂😂says the Joker.

[@TodCast]

My father - an elderly veteran - got scammed for a large amount of money from his Bank of America account. Over the course of months, I called them 100 times and spoke with anyone I could right up to a VP. They couldn't have cared less and did absolutely nothing to help. Their lack of concern was staggering, considering it was a large amount of money and my father had been with that bank for over 40 years. Don't let this video mislead you into thinking BOA cares about their customers.

[@spaniardsrmoors6817]

BofA knew this was going TV and that's why they did it...phonies.

[@myobmyob2215]

Same here BOA would not stop the theft canx the card or even look into it.

[@chd176]

Your dad needed to be more careful then.

[@jimbarrofficial]

What's worse, he just became marketing gold in the dark web. He'll be a test subject for every scam in the future.

[@spaceracer23]

I'm legit surprised to see a positive story about BoA. Next they'll find someone thrilled with their cable company.

[@s0fa274]

😂😂

[@mizzury54]

They probably saw a lawsuit coming or they were able to retrieve from the other bank

[@rer1967]

@@mizzury54, can't sue the bank for your own stupidity. I'm sure they must had been able to retrieve the funds.

[@rcuasito]

That's because in the grand scheme of things companies like SoFi, Ally, M1, Robinhood, Crypto is going to replace them in the near future so they're scrambling to figure out how to attain their customers like myself.

[@BlizzardSeeker]

Transferring your account to another bank to stop fraud on your account at your bank sounds so ludicrous, I can't believe someone would believe it.

[@wardhamilton5391]

This is EXACTLY why I don't keep more than $1,000 in my bank account at any given time!

[@chelsea7229]

There’s a point where people have to take responsibility for being an idiot 🤷‍♀️

[@SpaceCadet4Jesus]

Look.....evolution was doing a great job....that is.....until you showed up. Don't mess it up giving sage observations. Thank you. 😉

[@lorraine9242]

Easy now, Chelsea. We all make mistakes. The bad guys are those con artists.

[@jamesdalton7191]

A bank wouldn't ever call you to tell you someone is scamming your account and to transfer your money to another bank. If any scam happens within the bank you are covered. Geez wake up people!

[@elliotjones3098]

this guy needs a babysitter

[@buffylous7]

🤣🤣🤣🤣🤣🤣🤣

[@joyace9674]

🤣🤣🤣🤣

[@_A4A]

Sad but true!.... When does a bank call you out of the blue and tell you that your money is safer at another bank than the one you are currently keeping your money at?.... Ummmmm, NEVER!...... 🙄

[@fitnessbabe7958]

@@_A4A Exactly. He could of hang up the phone and called his own bank himself or drove down to a branch.

[@trinawestcoast8719]

😂😂😂😂😂😂😂😂

[@plant-basedmd7891]

How often does a bank asks a customer to transfer their money with Zellepay to Another bank with unknown owner.. Really what a fool

[@jennysantiago2624]

I would've hang up immediately and drive to the bank in person. I receive calls before with stories they stole my social security. I keep the guy over the phone for hours while I cook because they ask for money. It's hilarious

[@pearla4731]

😂 👩‍🍳 that’s so rude. Did you at least send some of the cooked meal his way？

[@Itsnotavailable]

😂😂👏👏 modern woman

[@barbarachen5841]

Ha ha. You were smart.

[@51colibri]

Why he didn’t question it? When I receive letters or call, I immediately call the bank directly. Never give information over the phone unless I’m the one who initiated the call. Kudos to Bank of America for giving him his money.❤️

[@blessingsofparadise4439]

Go in person to the bank....

[@GospelOfTimothy]

I was the one who initiated the call, but I called the number in the email, instead of the number on the back of the credit card.

[@thehegt]

I try to call my Citibank almost 6 hours nobody pick up and help , they transfer my call 2 times and waited 5 hours on the day my bank account got hacked

[@Globbs]

@@blessingsofparadise4439 wym I can call a head person at the bank on their cell

[@RIGTHEGIANT]

If I were to lose half my savings I’d lose about 50 cents.

[@ohenenana4392]

🤣🤣🤣

[@terryr_zappa8193]

Yep. If they robbed me it would just be for practice.

[@Macgyverbrown]

It's not nice to brag about how rich you are!

[@cookiecuteasapuppy1008]

😂

[@chayahtheelect]

🤣🤣🤣🤣

[@theHAL9000]

Just assume the telephone call is a scam. One can always call the bank's listed number to confirm what's going on.

[@lindataylor747]

Bank Of America you really stepped up for that man, you are now truly (THE BEST BANK IN THE U.S.) Bravo, and hats off to you.

[@katrinkasanfranciscobayare7364]

I'm surprised Bank of America gave him money back.

[@nancyross7935]

Agree. They went from being a reputable bank to being so corrupt the Corrupt Merril, Lynch bought them out.

[@katrinkasanfranciscobayare7364]

@@nancyross7935 Somebody needed to buy them out. It was a disgrace for them to conduct business using the name Bank of America. It should have been Bank of Crooks. And I wasn't aware that they were bought out, so that's good to hear. I'm not sure about Merrill Lynch, but hopefully they will do a better job. I appreciate your message, thank you.

[@A22DNAL]

@@katrinkasanfranciscobayare7364 @NancyRoss BofA did the acquiring of Merrill Lynch during the Great Recession at the behest of the US Treasury, not the other way around. Merrill Lynch did NOT have a Bank Charter and they still are not a bank. They are an Investment and Wealth Management firm, now a division of BofA.

[@katrinkasanfranciscobayare7364]

@@A22DNAL Yeah I appreciate your message and then the other one. I don't know who bought who. My original comment was just I was surprised Bank of America give money back to anybody. That's totally unheard of. Thanks for your message and have a great day

[@A22DNAL]

@@katrinkasanfranciscobayare7364 Yeah, banks, especially that one, are known to be stingy. And I just wanted you to have the accurate story. That was all. I am MORE THAN CERTAIN they had some recourse and got that guys money back. They DID NOT come out their own pocket😂I’m sure of it!

[@edwarda2033]

The bank would never tell you to take measures to avoid fraud. They’re on the hook.

[@sean2015]

yes they WOULD and it's because they're on the hook (like you said) so they need to minimize their own losses.

[@glennjames7107]

So nice of BofA, especially being that their fraud protection services should have contacted him anyway before making the "unusual" transfer of a large some of money. They are supposed to question any unusual activity, and it sounds like, for this man anyway, this was an unusual transaction.

[@simpleman283]

Correct.

[@kathycunningham6677]

@@simpleman283 incorrect. Zelle is an immediate transfer. He should have used his gut instinct. A bank never calls n asked you to transfer money into another bank.

[@TodCast]

BofA did NOTHING when a scammer tricked my 85 year old father into wiring money to another bank. No alert, no phone call, nothing. And they wanted nothing to do with the situation afterwards.

[@Youtuber5775-]

Always call your bank directly and find out if there really is a problem or not. 😭

[@kevinp8108]

I'd like to sell this guy an ocean-front property in Indiana!

[@id10t98]

Do you accept cash?

[@kevinp8108]

@@id10t98 Yes, as long as you will accept a verbal agreement instead of a signed contract.

[@id10t98]

@@kevinp8108 I'll have my Nigerian Prince Accountant mail the cash pronto!

[@lomont6786]

@@id10t98 Michael Scott

[@prettyme3150]

@@id10t98 why do you have to involve Nigeria in this conversation. Nigeria is not even in the top 10 cyber hackers in the world. Its sad how the west easily slams a bad label on weak countries.

[@shalenef.5143]

Wow. Thank God for Bank of America stepping in and making this man whole.

[@plasticovelco]

the man is ignorant. period

[@brianjacobsen5762]

When have they ever done that without pressure. Lucky the corporate newz stepped in for him.

[@markme4]

@David W outrageous fees for what ?

[@markme4]

@@MrRichbc what would you expect from your bank ?

[@tigeroll]

They just add a few zero's to his account to make him hole. It's not like they are taking it from earnings they worked for.

[@sis9099]

What’s sad is scammers will hear this and move their money into another account and then call the bank to say they were scammed just like this man, in order for the bank to reimburse them for money they never were scammed for in the first place. The good always has to suffer for the bad. And scammers always find a way to scam.

[@charlesclark9627]

Bank is not going to fall for it though! They helped because records will show transfer. They may have fraud insurance for this type of situation.

[@armadilllo]

NEVER!!!! This has to be the first time I've ever heard of B of A doing anything for anybody.

[@SurfVato4211]

Plot twist he scamed himself and doubled his money

[@SA-op4xu]

Bruh this is not out of the possibility.

[@lmjo4660]

I just said this exact statement 😂

[@chameleon_laughing]

Okay--you don't have evidence of that, so why even start

[@pushslice]

Long story short: Bank of America just got scammed by this very clever man.

[@Gunshinzero]

lol that'd be a heck of a plot twist. Or maybe it was all set up by BoA for positive publicity. They didn't disclose the amount. It could have been $5.

[@pushslice]

@@Gunshinzero Or 25 Rupee, based on the location of the original swindler

[@desperatedave3573]

ok this makes sense now..lol I was like no way is the story news worthy hes an idiot.. never mind its a plot twist hes brilliant and bragging about it and getting away..lol

[@pushslice]

@@desperatedave3573 I mean come on ! look how calm, gregarious, and articulate he is . Does this look like a poor, gullible simpleton to anyone? He needs to hold some seminars. I might buy in..

[@desperatedave3573]

@@pushslice lol for real

[@Angela-cd9bj]

That is awful. That “little voice” was the intuition. Thank God B of A returned the funds. Banks do not call customers unsolicited.

[@mikejohn0088]

Wrong --- Compass Bank (now PNC) has called me in the past offering new services...totally unsolicited.

[@Lulu-vi4wb]

First of all, the scammer must get his information (as a B of A customer) somewhere. Was the bank responsible or his info being compromised? Secondly, banks usually would block suspicious activities like unusual withdrawals and try to verify the activities with the. Owners. They don’t tell you to take the money out immediately to stop suspicious account activities. That’s the first clue.

[@poweroffitness]

Your information could be on the dark web. B of A was not responsible. The guy was an idiot and lucky for him the bank reimbursed him.

[@akui88]

Bank of America told him to transfer his money to JP morgan Chase bank… that doesn't sound right...

[@misskay46]

at all 🤦🏽‍♀️🤦🏽‍♀️

[@andytuesday500]

It happens to the best of us I got my credit card information stolen by just buying something from a legit business online. Crypto is actually safer. As long as you don’t give up passwords. 😂. Scammers practice a lot and some will catch you off guard.

[@montneymon-ta-knee6810]

Y not they are all owned by the rothchilds anyway

[@datglobetrotterlife]

If he were a millennial, he would have been fine because he wouldn’t have picked up the phone

[@wiseowl2020]

No, a Millennial would have asked him what "bonus" he would get if he moved his money.

[@tocororo]

I get at least of a couple of scam calls a day. I never pick up the phone unless I recognize the number. I then eventually check the voice-mail (if they left one) Almost always it's some BS. About students loans or real estate or occasionally the proverbial "you are in trouble with the IRS blah blah blah" from a robot call machine.😅🤣😂

[@ToddTinley]

@@tocororo I answer every scam call then press 1 to speak to an agent then immediately press the mute button. They usually just say hello...hello but sometimes they say some weird stuff and then I just wait till they hang up. The only way I know how to waste their time without me saying a word.

[@feyokki756]

Millennials just get scammed in other ways (cash app scams, money flipping scams, MLMs, fractal scams, etc.)

[@pulaski1]

@@tocororo Yeah, I get 2-3 calls most days, about my vehicle warranty, about some insurance I am qualified for, some federal benefit for seniors (I am not a senior!), _etc._

[@exposeoflife]

Bank of America didn’t help my son when he experienced identity theft! They accused him! Although, he had a police report and records showed he was in school. To date, their is no resolution. The bank has refused to Help!!!

[@musicoldies83]

I was so glad this had a happy ending for the man. As for the lowlife scammer who feels like he may have gotten away without getting caught, remember, you'll have to answer to your maker when you eventually leave this earth one day.

[@loriquintana4333]

Why does anyone still use that horrible bank?

[@chrisfairnot6522]

This week alone I received texts saying my chase bank ,Bank of America ,Pay Pal accounts were being frozen....I don't have either one🤔

[@herculesbrofister265]

Hello user. This is paypal. Due to Suspicious Activity we notice, we have will freeze your account if you do not contact us, paypal, at the link. Below.

[@saltorres9989]

Zelle has a maximum daily limit of 5k, this guy has more to worry about than just getting scammed.

[@Jme---]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@emilyfranklin8190]

It is not always fear. Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.

[@PhilipMurray251]

@@emilyfranklin8190 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name SAMANTHA LEIGH WENTLAND and everything changed. I started enjoying huge returns from my investment.

[@emilyfranklin8190]

@@PhilipMurray251 Really? Well, I used to have a professional but his license was withdrawn along the line, so I continued on my own. Anyway, how can I reach your adviser or someone as good?

[@PhilipMurray251]

@@emilyfranklin8190 Just visit her page on line. Her details are there on her site.

[@koriko88]

Hey guys, any more room in this sock puppet convention?

[@nadine91]

So the guy had 2500 or 5000 dollars life savings? That's the daily limit for zelle from chase or bank of America. Other banks only have 500 dollars limit. If it was more BofA MADE a big mistake sending more than allowed amount. No wonder they reimbursed him...

[@metamorphiccrystals8161]

Zelle has a daily 2K sending limit. So his life savings is 2K or 100K?

[@pushslice]

Somebody get Jaspreet on the phone,stat. This guy needs his help if that’s his life savings . stop always buying extra guac!

[@tarrilb]

@@pushslice 😂😂😂😂

[@pumkin54]

Dumb, dumb guy, but I think many people would be taken in a moment of stress like that. It's amazing of BofA to refund him the money. That's likely coming out of their pocket, and that's awesome.

[@jackson5116]

They're the second largest bank in the US, and in the top 5 largest in the world, I'm sure they can afford what is to them pocket change- it'd be like you giving a guy back his nickel he had stolen from him.

[@deesee3622]

must have been under 250K because the FDIC insures banks for up to that amount

[@tedthesailor172]

There's not a lot can be done for simpletons with savings. As the saying goes - "A fool and his money are soon parted..."

[@I_am_milan]

I ain't moving sheet until I speak to a representative face to face at my own branch.

[@museme9767]

Why does BoA always have a crazy story like this?

[@2wheel_freedom]

@MRGRUMPY53 I've been stupid for 30 years !.... but seriously time to move out, they and four other big banks are in trouble with derivatives and placing bets with hedge funds at a loss for certain meme fueled stocks.

[@1eyeperspective180]

Common sense is an important skill to acquire people.

[@Mockduck2020]

Ironically, it seems pretty uncommon 🥴

[@TheDjcarter1966]

Bank: you are being scammed Me: OK I better hang up with you and call my bank right away.

[@windywednesday4166]

I'm so glad it worked out for this guy! And I thank him very much for speaking out about it to warn others.

[@i.m.askance7996]

NEVER trust caller ID...the scammers can make it look like anything they want.

[@SpaceCadet4Jesus]

They could have caller ID say "scammer", and some people would still get taken. Sheesh.

[@jessegpresley]

Who are these gullible people?

[@michaeln.2383]

I get calls on my answering machine all the time about my computer getting hacked and the IRS coming to imprison me for unpaid debt. How could anyone still fall for this?

[@quietyard8014]

We're all gullible for something at the right time and place.

[@tocororo]

"I think the first red flag it was fraud was for a bank to ask you to transfer your funds to another bank! "🤪🤷🏽‍♂️

[@midge9053]

No wonder the scammers keep calling everybody...Even a blind squirrel finds a nut once in awhile..

[@charrio2]

Advice....Transfer BA total to your own bank account as soon as its put in by EDD! Dont leave any amount on your Debit card!

[@DiandraStarShine]

did you even watch the video?? because how would THAT help someone who gave their money away to a scammer?? like the victim in this news report did.🙄 and it was half of his SAVINGS that he gave away because he chose to believe a text message that not even shady Bank of America would send.

[@davebenefield5387]

Odd that this happened. Can only send a small amount to someone that you've never sent money to before. Large amounts are divided into smaller payments with a limit weekly.

[@barbarabeckley8732]

Yes They do limit the money. Even if you your self go to the bank. To withdraw money, They will ask if all is okay.

[@mht5875]

Wow. This is precisely why you need to let all phone numbers calling you, to go straight to your voicemail. As for texts, trace those to their originator, too.

[@gpackwood1]

Very helpful heads up from Bank of America and ABC7 News Bay Area. Thank You!

[@joytoyouandme4593]

If someone calls or messages you whether by text or email, ALWAYS call your bank at the number listed in the back of your debt card, or on your bank statement. If you get a call tell them you will have to call back, do not use the number from which you received the call. I get messages all the time about accounts beings locked out like my Amazon or PayPal. Never believe any of these scams. I also enjoy calling these scammers and messing with them, then letting them know how I feel about them.

[@WillGoesBoing]

This guy probably believes everything he hears on the news as FACTS as well. Lot of really gullible people out there.

[@rick_terscale1111]

People trust the MSM more than common sense, instinct and logic. These are the same people that stupidly say "you can't believe everything you read on the internet" ... LOL

[@KevinSmith-fw5tb]

So you must be gullible also, cause you believe this story! 🤣🤣🤣

[@luvlapetite1421]

I’ve been getting those calls lately, but I hang up right away. I’m glad the gentleman got his money back.

[@cocosurgerow]

Thank you for being brave to expose the scam.

[@HereWeGoAgain661]

We have herd these stories a hundred times. We have been told a million times to not to respond to any of these foolish calls.

[@codacreator6162]

Having been a banker and bank manager, I would suggest that if you do get a call from someone who says they represent your bank for any reason, tell them you’ll call them back. Do not call the number they called from or take the number from them. Look up the number independent of any information they provide, but keep all of the “information” they provide to give to your bank’s security team. If they called you, they’re calling LOTS of other people. Retail bank fraud departments won’t call you to warn you of a suspicious transaction. They’ll block it and wait for you to call them if it’s a legitimate transaction. One way to avoid this is to alert your bank when you intend to make a purchase out of character for your typical usage. For instance, suddenly buying high-dollar electronics, jewelry, or even multiple, smaller transactions involving cash-back. Thieves use fairly predictable methods to actually put hands on your money. Banks know this and watch for transactions that fit the profile. Large dollar transfers using Zelle at my bank require a “build up” where you first need to complete a much smaller transaction to the recipient, first. I’m surprised BofA allowed a large, out of character transfer without question, frankly. Avoiding electronic transfers to unknown recipients is one way to defeat them. Using your debit or credit card with a Visa logo provides you with protection against fraud, too. My first response to this scammer would have been, “Stop the transaction.” If he responded that he couldn’t, he’s not my bank. End of call. Bankers at all levels have access to a number of options to stop transactions BEFORE they occur. Those options are severely limited AFTER. In the case of Visa debits, they can take days to process and then more time to recover. When your online banking shows a debit transaction in real time, that’s your bank making an adjustment to your balance for your convenience. The retailer does not have the money, immediately. They can terminate the transaction so that it doesn’t process the payment during their “batching” process usually done overnight, which is when your “pending” transaction falls off and the money is released back into your account (it never actually left). Sometimes, merchants can reverse the transaction at the Point of Sale, sometimes they can’t. It depends upon how much authority the company grants employees to undo payments (and why usually this requires management override). Anyway. It’s all good. Be careful. Don’t give anyone any of your banking information unless you know who they are and why they need it. When in doubt, insist on consulting with your bank, first, and calling them back. This, alone, will likely save you from most scams. Be safe everybody.

[@lynnecrisp]

Thank God he got it back. Red flags & instinct needs to be recognized & followed. No bank what so ever will ask u to transfer your money ever. If u don't wanna call your bank after a certain phone call go down to the bank & talk to a banker. Bless his heart 💗❤️💜

[@jjones8294]

Crazy, why would you even send your money to another bank? Call your bank, freeze your account!!

[@fredziffel3443]

I spent 8 months trying to get BOA to STOP sending bi-monthly payments of $60 + international transfer fee to a company I'd never heard of. This incurred multiple overdrafts @ $30 per. I tried local branch, district manager & called corporate several times. Each time, I signed affidavits and was assured the problem would be solved. Twice they refunded, only to deduct it plus overdraft fees AGAIN. They refused to close the account. I left $15.00 in the account and abandoned it. BOA can kiss my A. That was 15 years ago. I will NEVER allow BOA another nickel of my money.

[@djkramit]

I've heard stories like this about BofA. Chase is no better, they used to do that with my dad. Wells Fargo for me. 💵🖖

[@petenrita]

my goodness, how naive

[@trinab.9633]

What bank would tell you to move your money to another non-affiliated bank, furthermore, if their fraud team suspects fraud, they can freeze or put a hold on your account. The scammers needs their tails publicly whipped.

[@leejones3219]

A Fool and his money soon go different ways.

[@lingra9541]

😂😂😂😃

[@Warrenwalker30]

In so surprised the bank reimbursed his money ! Banks are horrible for the most part

[@kuvjason7236]

The guy got a FULL REFUND talk about a MIRCALE from these greedy banks

[@nextari]

"Hi this is Apple, Inc. We're worried there is fraud on your account, please buy a samsung phone quickly."

[@SkyPilot54]

Internet needs to be a serious felony

[@petervan7372]

the guy looks smart, plot: boa paid him to do the marketing for them

[@thekongstocks]

ZELLE is free service

[@sunnybrucci3453]

Very sad. Some people can get confused and don’t know any better. He was extremely lucky. Incredible.

[@schuylardiamond8438]

Has this guy been living under a rock? If I had done something so utterly stupid I would have been ashamed to show my face!

[@yaiyrbenisrael]

Same happened to me, got me for $3400 and BOA said my fault no refund.

[@iamgroot8954]

a full grown man falling for a scam like that. Why would you move your money to another account by simply getting a random call from someone? Seriously. How naieve can people be?

[@tyhairston5397]

I don’t even put money in the bank lol

[@terrybangley2281]

Had a call like that one time, they said someone was trying transfer $100 from my account , I said good luck and hung up

[@hovadamage5540]

A bank will never tell you to move money from there bank to another bank that along should have told him something wasn’t right. They want your business why would they tell u to move your money to another bank he should know better then that!!

[@MrTiny-nf3tk]

I can see why they targeted him. What a clown.

[@rons5319]

If they told me to transfer money, I'd laugh at them.

[@susiepace2125]

@@rons5319 To an entirely different bank. Not close your account and reopen a new account at the same bank. But, send your money to an entirely different bank. SMH

[@barnettfloyd]

Mr. Tiny what a rude thing to say, like you never made an mistake in your life.

[@MrTiny-nf3tk]

@@barnettfloyd @Apostle Floyd ive made many mistakes. You live and learn. But never sent half my savings over Zelle, get coerced into buying gift cards, deposit a check from a random stranger and send 90% of it to said stranger, or entertain a Nigerian prince.

[@smnvo1129]

Lots of scammers now. I was staff at banks before I retired, banks never communicated with you by phone, anything just go to a branch to deal any issue or transaction.

[@realdeal139]

“How can I be taken like that”. I wonder if this were the only time.

[@cruz9078]

Never do banking over the phone 🤦

[@albeit1]

The BANK can’t stop withdrawals on your account with the BANK? Please.

[@ThomasFromTN]

No, they can't. [And closing with "please" makes your suggestion no more credible...dude.]

[@albeit1]

@@ThomasFromTN with your authorization, the bank can stop checks and ACH withdrawals.

[@TheMonica82]

No! Just no.. If it's Your "Bank" calling - they can Stop the fraudulent transfer in the system on their end; why would they need for you to transfer your funds to another Bank?? But, scammers operate by people - not thinking on their feet....

[@stroop3666]

So sorry to hear that.

[@bigpicturethinking5620]

At first I thought “this man does not have the look of a fool” then I realized he lives in California.

[@JB-kx9bx]

Jobs pay more there.