How to Reduce Your Chances of Being a Fraud Victim

 

Frauds come in many variations. To help you protect yourself from scams, Victory State Bank, Staten Island’s only community-based commercial bank, is spotlighting the following advice from New York State’s Department of State, Division of Consumer Protection.

1)      Protect your privacy

Never give out personal information over the telephone, especially your Social Security number. Do not disclose financial information to anyone outside of a trusted circle of family members and advisors.

2)      Ask for identification

 Never let strangers into your home, and always check identification of any service person you have contacted before allowing them to enter your home. Report suspicious solicitations to the police.

3)      Limit the amount of cash you keep on hand

 Do not allow anyone to take you to withdraw money from your bank to pay for their services.

4)      Carefully review all contracts before you sign

Also, review all bank and credit card statements, stock reports and investment prospectives. Double check sales receipts to make sure you were not over charged.

5)      Ask questions

Never be afraid to consult a trusted friend, a financial advisor/ lawyer or family member for assistance, especially when making purchases of more than $100 or signing contracts. Contact the Better Business Bureau and/or the New York Department of State’s Division of Consumer Protection with any questions or concerns.

 

 

About Victory State Bank

 

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: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.VictoryStateBank.com.

 

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