What Does a Debit Alert Message Look Like? (2024)

FAQs

What is an example of a fake debit alert message? ›

For example, when the message displays '0232****11' instead of '0232457611'. The debit alert was sent from a mobile number. Although this kind of scenario is usually rare, it may still occur and it is one of the easiest ways to spot a fake debit alert at a glance.

If you're wondering whether a text message is legitimately from your financial institution, check for the "short code," which is a five- or six-digit code that displays to identify as the sender of a text message.

Types of alerts include:

A withdrawal, deposit or check posts to your account. Your online statement is ready for viewing. A change has been made to your account information or settings within digital banking.

Debit Card Alerts enable you to receive notifications of recent debit card transactions. You can activate or deactivate debit card alerts, set debit card alerts for specific types of merchants and/or transaction types, and select a threshold transaction amount for receiving a debit card alert.

An unusual activity report (UAR) is a document that summarizes the details of unusual activity conducted by an account holder, such as an abnormal transaction. Unusual activity is more nebulous than the traditional signs of money laundering, terrorism financing, and other financial crimes.

Yes, you will receive card activity alerts for transaction activity performed with your debit card if the alert criteria are met.

Receiving alerts about your card keeps you informed and helps detect fraud within seconds. Alerts are designed to help make you aware of purchases made without your authorization. You choose the alerts you want to receive and if you want to receive them as a text message or an email.

Fake bank text messages are a type of smishing where fraudsters use text messages to impersonate financial institutions and phish for sensitive information or dupe victims into sending them money. Scammers spritz their victims with fake fraud alerts, payment confirmations, or account suspensions.

All consumers are reminded that banks or the police will never contact you asking for your online banking password or for you to transfer money to a new account for fraud reasons.

Do banks use SMS messages? ›

Marketing and promotions: Financial institutions may use SMS to send promotional offers and special deals to customers. Mobile payments: bank SMS can also be used as a payment method.

Do banks notify you when there is suspicious activity on your account? Your bank may or may not contact you if there is suspicious activity on your account. Sometimes they do and sometimes they don't. I have usually known whether or not there was fraudulent activity in my account by reviewing it.

Most banks take care to explain their policies on a security or privacy page. Bank of America says that it will "never text, email or call you asking for personal or account information." Banks will also not ask you to verify your identity by clicking a link. Second, watch for claims of urgency.

If you're ever in doubt about the legitimacy of a message that claims to be from Chase, log in to your Chase account online or through the app. If there's an issue with your account, you'll see an alert there.