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

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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?

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18 Answers

Anonymous 0 Comments

Once they build a relationship with the bank it could make it easier to take out credit cards and loans etc. They could also be trying to use your name to launder money within the account. Lots of benefits to fraud, it’s at an all time high. I work for a bank by the way.

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