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

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming


    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street


    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24


    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters


    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights


    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.


    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]