If you have been victimized by a cash app or Bank Account Scammer, we may be able to help you at no out of pocket charge to you.
But you must act quickly!
Under the law, the Electronic Funds Transfers Act, the quicker you act, the more of your money you can get back.
i. Bad guy takes money out of your account without your permission or tricks you into giving him your credentials.
ii. As soon as you learn about the fraud, you have to notify the bank, credit union or financial institution (“the bank”). Why? Because:
iii. If you notify the bank within 2 days of learning of the loss of money, you can get back everything over $50 that you lost;
iv. If you notify the bank after 2 days of the loss or theft but within 60 days of your statement date, you can get back everything over $500. After 60 days, you are out of luck.