10 Ways to Avoid Banking Scams



Victory State Bank, the only community-based commercial bank on Staten Island, is urging consumers and business owners to be on the lookout for banking scams, which are schemes that seek to access your bank account.

To familiarize you with some popular banking scams, and ways of protecting yourself, the Staten Island financial institution is sharing the following information from the federal government website USA.gov:



Overpayment scams - A scam artist sends you a counterfeit check. They tell you to deposit it in your bank account, and wire a portion of the money back to them. Since the check was fake, you’ll have to pay your bank the amount of the check, plus you’ll lose any money you wired.

Unsolicited check fraud - A scammer sends you a check for no reason. If you cash it, you may be authorizing the purchase of items or signing up for a loan you didn’t ask for.

Automatic withdrawals - A company sets up an automatic debit from your bank account, as part of a free trial or to collect lottery winnings.

Phishing - You receive an email message that asks you to verify your bank account or debit card number.



The proper organization to report a banking scam to depends on which type you were a victim of.

Report fake checks you receive by mail to the US Postal Inspection Service.

Report counterfeit checks to the Federal Trade Commission, either online or by phone at 1-877-382-4357.

- Contact your bank to report and stop unauthorized automatic withdrawals from your account.  

- Forward phishing emails to the Federal Trade Commission at This email address is being protected from spambots. You need JavaScript enabled to view it..



1)      Be suspicious if you are told to wire a portion of funds from a check back to a company.

2)      Be wary of lotteries or free trials that ask for your bank account number.

3)      Verify the authenticity of a cashier’s check with the bank that it is drawn on before depositing a check.

4)      When verifying a check or the issuer, use contact information on a bank’s website.

5)      Don’t be fooled by the appearance of checks or money orders. Scammers can make them look legitimate and official.

6)      Don’t deposit checks or money orders from strangers or companies you don’t have a relationship with.

7)      Don’t wire money to people or companies you don’t know.

8)      Don’t give your bank account number to someone who calls you, even for verification purposes.

9)      Don’t click on links in email to verify your bank account.

10)   Don’t accept a check that includes an overpayment.




VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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