SCAMMERS WILL ASK FOR ‘PROCESSING FEE’

According to BBB Scam Tracker, a common scam that popped up during the last round of stimulus checks is fraudsters offering payments faster, or even additional funds, for a small “processing fee” – typically using a prepaid debit or gift card.

However, there’s no such thing as getting your money early, even by paying a fee. 

There’s also been an uptick in cash advance offers at a very high interest rate that adds up to be much higher than the stimulus check, Quentin Rhoads-Herrera, director of professional services at cybersecurity firm CRITICALSTART told CNBC.

“If anyone offers a cash advance on your stimulus check, be very aware of the underlying terms and conditions of that offer,” Rhoads-Herrera said. 

Also be wary of any requests that require payments by gift card, wire transfers, or cryptocurrency.

Experts say that is also likely a scam.

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