Fraud Prevention Tips to Protect Your Accounts

Summer may be winding down, but fraud prevention and account security are always in season. At CoVantage Credit Union, protecting your personal and financial information is a top priority. Use these simple fraud prevention tips to help safeguard your accounts and reduce your risk of scams and identity theft.

Review Your Financial Statements Regularly

Stay vigilant by reviewing your account statements each month and monitoring your accounts frequently through MyCoVantage online and mobile banking. Quickly identifying unfamiliar transactions can help limit potential fraud.

Keep Passwords and PINs Private

Create strong, unique passwords for your online banking and financial accounts, and update them regularly. Never share your passwords or PINs with anyone.

Protect Your MyCoVantage Login Credentials

Keep your MyCoVantage username and password confidential. Fraudsters may attempt to obtain this information through scams, but your credentials are never required for someone to deposit money into your account.

Enable Account Alerts

Set up account alerts to receive notifications about important account activity, including large transactions, login attempts, and other account changes. Alerts can help you respond quickly to suspicious activity.

Verify Unexpected Requests

If you receive a phone call, email, text message, or other request claiming to be from CoVantage and you're unsure whether it's legitimate, contact our Member Service Center or visit your local branch before taking action.

Stay Alert to Fraud and Scams

Scammers are constantly developing new tactics to access personal and financial information. By regularly monitoring your accounts, protecting your login credentials, and verifying suspicious requests, you can help keep your money and personal information secure.