Bank investigator scam

Fraudsters will convince victims that in order to protect their account until a new debit card is issued, the victim must send an Interac e-transfer transaction to their own cellphone number.

The suspect will instruct the victim on the steps required to add themselves as a payee and to increase their daily Interac e-transfer limit to $10,000 (note that the maximum amount that a sender may send through the Interac e-transfer network may vary depending on the sender’s financial institution.

Interac will automatically refuse to complete any payment by a sender above the limit established by the financial institution). The suspect provides the e-transfer question and answer that the victim must use for the transfer.

Once the victim sends the Interac e-transfer transaction to their own cellphone number, suspects will ask the victim for a “code” which is the last portion of the Interac e-transfer URL/link received.

If the victim provides the URL, suspects will have the ability to deposit the funds into their own account.