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If so, you may be forced to change your habits in the future.
Other organizations that have been similarly affected may soon follow suit.
If youre worried about financial scams, learn thered flags you should look out for to protect your money.
This is what the fraudsters took advantage of.
The scammers then took photos of fake checks and sent whatever money they could to their own accounts.
Its worth noting that Chase is now filing lawsuits against customers who took advantage of this strategy.
How These Scams Work Is Your Money at Risk?
The fraudsters will simply move on to another victim, or money mule as theFederal Bureau of Investigationcalls them.
Funds are then funneled through that account before being sent over to the scammer.
In addition to this, the money will no longer be available right away.
As mobile deposit fraud rises, more financial institutions are likely to follow in Fidelitys footsteps.
However, this significantly impacts the usability of the feature for everyone who was using in-app check deposits normally.
If you use this feature, keep up to date with what your bank is doing.
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