Romance Scams: When Trust Is Used Against You
At High Point FCU, we care about more than finances, we care about the people behind the accounts. One type of fraud we see often is romance scams, and they can be especially difficult because they prey on trust, connection, and emotions.
Romance scams typically begin online through dating websites, social media, or messaging apps. A scammer builds a relationship over time, gaining confidence and trust before eventually asking for money or financial help.
Common Signs of a Romance Scam
Be cautious if someone you’ve met online:
- Quickly expresses strong feelings or pushes for a serious relationship early on,
- Avoids meeting in person or always has an excuse for why they can’t video chat,
- Claims to be working overseas, in the military, or dealing with an emergency,
- Asks for money, gift cards, wire transfers, cryptocurrency, or access to your accounts,
- Encourages secrecy or asks you not to talk to family, friends, or your credit union.
Scammers often create urgent or emotional situations, medical emergencies, travel problems, or investment opportunities to pressure you into sending money.
How to Protect Yourself
- Never send money, gift cards, or cryptocurrency to someone you haven’t met in person.
- Be cautious about sharing personal or financial information online.
- Talk with a trusted friend, family member, or your credit union if something feels off.
- Remember: once money is sent, it can be very difficult, or impossible, to recover.
We’re Here to Help
If you believe you or someone you know may be involved in a romance scam, or if you’re feeling unsure about a request for money, please contact us before taking action. Our team is here to help you think it through, ask the right questions, and protect your financial well-being.
There’s no judgment and no pressure, just support. Staying informed and reaching out can make all the difference.
