FDIC Insured – Backed by the full faith and credit of the US Government
In today’s digital banking landscape, protecting your financial information is crucial. It’s important to remember that you should never share your online banking credentials with anyone!
Below are 4 reasons on how sharing your banking information can be harmful and impact you directly:
Identity Theft: Your banking information is linked to sensitive personal data, making it a prime target for thieves.
Financial Losses: When fraudulent transactions result from credential sharing, recovering lost funds is difficult and may not be possible.
Increased Fraud Risk: Sharing your credentials can lead to further unauthorized access, especially if the recipient’s device is compromised.
Small Business Owner Risk: Getting scammed can be devastating for anyone, but it can particularly be challenging for small business owners. Business accounts and debit cards lack consumer protections, leaving owners with limited options for recourse when falling victim to fraud.
Keeping your information private allows you to maintain control over your accounts and reduces your risk of fraud.
Reminder:
Mechanics Cooperative Bank will NEVER call, text, or send unsolicited emails requesting you to verify your Internet/Mobile Banking password. If you receive any suspicious requests, hang up the call, don’t click the links, and please report it at report_abuse@mechanics.bank or 1-888-MECHANICS (632-4264)