Unfortunately, a new scam claiming to offer that kind of protection against fraud is targeting customers of Bank of America. If you’re a customer of that bank, read on to find out what you should be listening for. RELATED: If You Hear This When You Answer the Phone, Hang Up Immediately.
Regarding this, do banks refund stolen money?
Banks may take up to two weeks to refund stolen money after you report the theft. … Some banks may replace the money as soon as the theft is reported, while others wait until they have completed an investigation and verified that charges are indeed fraudulent.
Also question is, how do I get my money back after being scammed?
Contact your bank immediately to let them know what’s happened and ask if you can get a refund. Most banks should reimburse you if you’ve transferred money to someone because of a scam.
How long does Bank of America take to investigate claims?
Typically bank fraud investigations take up to 45 days.
It’s important to note that with the Bank of America Mobile Bankingfootnote1 app, your account info is not stored on your phone; instead, your personal information is securely stored with the app. When possible, use a known and secure Wi-Fi connection.
If you’ve been scammed, consider reporting the fraud to the police to see if they can take any action, as well as to your state consumer protection office. You can also report scams to the FTC. File a report online with the FTC, or by phone at (877) 382-4357.