New type of bank fraud: how to keep your money safe - KCBD NewsChannel 11 Lubbock

New type of bank fraud: how to keep your money safe

LUBBOCK, TX (KCBD) -

Scammers are using Telechecks to drain money from victims' bank accounts accounts. They will take your bank account and routing number from you checks and use it as their own through Telechecks. 

Unfortunately, this is not the only form of bank fraud. Fraud parties will act as legit companies and contact you online or by phone. Once they have your attention, they will ask you to either give them your banking information or send them money directly.

The best way to avoid a situation like that is to hang up and call the company they are acting to be directly to see if it is a legit request.

 Jo Langston is a professor at Texas Tech and said she was a victim of bank fraud.

"I just kept staring at the zeroes," Langston said. "I just kept staring at the zeroes, saying I did not do this."

To avoid an account being charged or drained, keep an eye on it daily.

"Check your account information daily," Keith Barbour, senior vice president of Aim Bank, said, "and you will be able to find this fraudulent attempt much faster."

Also, know where your debit card is at all time and if you are writing a check, make sure you trust the person you are doing business with.

If you do end up in a situation where your account has been drained or has unknown charges, call your bank immediately.

Copyright 2018 KCBD. All rights reserved.

Watch KCBD NewsChannel 11 On Demand: On your Desktop | On your Mobile device

KCBD NewsChannel 11 News App - Install or update on your: iPhone | Android

KCBD NewsChannel 11 Weather App - Install or update on your: iPhone | Android

  • Local News on KCBD.comNewsMore>>

  • Students begin school walkouts on Columbine anniversary

    Students begin school walkouts on Columbine anniversary

    Friday, April 20 2018 12:26 AM EDT2018-04-20 04:26:49 GMT
    Friday, April 20 2018 4:28 PM EDT2018-04-20 20:28:12 GMT
    (AP Photo/Carolyn Kaster, File). FILE - In this March 14, 2018 file photo, young demonstrators hold a rally in front of the White House in Washington. Another wave of school walkouts is expected as students honor victims of gun violence and push for gu...(AP Photo/Carolyn Kaster, File). FILE - In this March 14, 2018 file photo, young demonstrators hold a rally in front of the White House in Washington. Another wave of school walkouts is expected as students honor victims of gun violence and push for gu...

    Another wave of school walkouts is expected as students honor victims of gun violence and push for gun control.

    Another wave of school walkouts is expected as students honor victims of gun violence and push for gun control.

  • Intact WWII bomb forces thousands to evacuate in Berlin

    Intact WWII bomb forces thousands to evacuate in Berlin

    Friday, April 20 2018 12:14 PM EDT2018-04-20 16:14:02 GMT
    Friday, April 20 2018 1:09 PM EDT2018-04-20 17:09:10 GMT

    The 1,100 pound bomb was safely defused by police after the mass evacuation. 

    The 1,100 pound bomb was safely defused by police after the mass evacuation. 

  • Leak crackdown talk yields rare Comey, Trump agreement

    Leak crackdown talk yields rare Comey, Trump agreement

    Friday, April 20 2018 1:03 AM EDT2018-04-20 05:03:06 GMT
    Friday, April 20 2018 4:25 PM EDT2018-04-20 20:25:52 GMT
    (AP Photo/Susan Walsh). Copies of the memos written by former FBI Director James Comey are photographed in Washington, Thursday, April 19, 2018. President Donald Trump told former FBI Director James Comey that he had serious concerns about the judgment...(AP Photo/Susan Walsh). Copies of the memos written by former FBI Director James Comey are photographed in Washington, Thursday, April 19, 2018. President Donald Trump told former FBI Director James Comey that he had serious concerns about the judgment...

    President Donald Trump told former FBI Director James Comey that he had serious concerns about his first national security adviser, Michael Flynn.

    President Donald Trump told former FBI Director James Comey that he had serious concerns about his first national security adviser, Michael Flynn.

Powered by Frankly