Fraudsters know that the majority of people will act quickly if they receive a text, call, or email claiming there’s an issue with their bank account.

A bank impersonation scam is when someone reaches out pretending to work at a credit union or bank you use. Most of these scams are executed to either steal your credit or debit card information, steal your online banking credentials, get you to hand over money, or to get around your credit union or bank’s security protections to access your accounts directly.