Partly Cloudy66° FULL FORECASTPartly Cloudy66° FULL FORECAST
Make us your home page

Daily Q&A: If I'm asked to wire money, what issues should I be aware of?

If I'm being asked to wire money, what kinds of issues should I be aware of?

Wire transfers are convenient tools to send money, but you do have to consider the reason you're using the service.

Scam artists pressure people to use wire transfers because once the money is sent, it's gone and you can't retrieve it. The Federal Trade Commission is warning consumers about one scam in which con artists have been calling seniors and posing as their grandchildren in need of extra cash.

Be sure you know the person to whom you are sending the money. If it is for a bill or payment, be sure the receiver is legitimate. If you are uncomfortable with the transaction, follow these tips from the FTC:

• Try to verify the caller's identity.

• Resist the pressure to act immediately.

• Report possible fraud at or by calling toll-free 1-877-382-4357.

For more information about the latest wire transfer scams, visit

Question for the Consumer's Edge? Send it to or Questions are answered only in this daily feature.

Daily Q&A: If I'm asked to wire money, what issues should I be aware of? 11/12/09 [Last modified: Thursday, November 12, 2009 10:46am]
Photo reprints | Article reprints

© 2015 Tampa Bay Times


Join the discussion: Click to view comments, add yours