how you could benefit from a fraudulently opening a savings account in someone’s name?

Question

So, I just received an email and text message that I had opened a savings account with a major bank I have never previously used. I didn’t open any links on the texts or email. I went to the major bank’s website directly from Google and called their fraud department. They confirmed there was an account under my name and closed it. I am filing a fraud report with the credit bureaus. I always have my credit frozen.
What is the scam here? What could some one do with a savings account linked to both my email and number?

In: 53

Answer 1

Use that savings account to get a line of credit?