Scammers are clever. They sound convincing, act friendly, and make big promises. But if you know the warning signs of frauds and scams, you can help protect yourself. When something feels off, give yourself permission to pause and ask questions before you act.
If someone says you’ll make a lot of money with zero risk, that’s a major red flag. Every investment carries some risk. Scammers use big promises to grab your attention and push you to act fast.
“You’ve won a prize!” “Get a loan with no credit check!” “Access a secret investment!” These offers often sound amazing—but they’re usually fake.
Scammers often reach out when you least expect it—through calls, texts, emails, or social media messages. If someone contacts you out of the blue with a money offer, be cautious.
Scammers don’t want you to think things through. They’ll say the offer is only good for a short time or that you’ll miss out if you wait. Real professionals shouldn’t rush you.
If someone tells you to keep the offer a secret, that’s a major red flag. Scammers want to keep you from asking questions or getting advice.
Scammers often ask for payment in ways that are hard to trace, like cryptocurrency, gift cards, wire transfers, or payment apps.
Always check if the person offering a financial product or service is registered or licenced with the Commission. If they’re not, or they avoid your questions, that’s a red flag.
Never share your bank account number, credit card details, or passwords with someone you don’t know or trust.
If someone asks you to pay upfront to get a prize, loan, or investment return, it’s likely a scam. Real prizes and loans don’t require payment first.
If someone gives vague or confusing answers, be careful. Real professionals should explain things clearly and give you time to make your financial decision.
Scammers often hide who they are. If they won’t give you a real phone number, address, or company name, that’s a red flag.
If you spot any of these warning signs:
Stop and think before you act
Don’t send money or share personal information
Check if the person or company is licensed or registered at FCNB.ca/check-now
Get a second opinion from someone you trust
Use the Financial and Consumer Services Commission’s Submit a Complaint tool, or report the scam to the RCMP or the Canadian Anti-Fraud Centre.
Learn more about Reporting Fraud
Knowing the signs can help you stay safe. If something doesn’t feel right, it’s okay to walk away.