When someone approaches me offering to transfer funds from a deceased family member’s bank account, I smell scam. Lost and forgotten accounts are real, but you need to find them yourself. No news report regarding a bank tracking down family members to give them money have ever come across my radar.
Here’s the message from Yuan Peng, complete with the email addresses used.
From: Yuan Peng (email@example.com, firstname.lastname@example.org)
Subject: Re: Important (Business) Deal
I am Mr Yuan Peng, I work as the head of audit within our bank’s account management team. It has come to our attention while in the process to a new digital banking system that a late family member of yours still has an active account within our bank, containing a significant amount of funds. We are bound by law to transfer the funds to any surviving family member as the beneficiary of the deceased account, please respond at your earliest convenience so I can send you the details to get this process in motion.
Notice how there is no name entered in the greeting? Someone was in a rush to throw the message out there and did not bother to address me by name. Sloppy.
Be safe out there. Scammers are busy all year, but seem to ramp up the intensity after the holidays and before school starts when people traditionally need a little extra cash.
Until next time, beware of offers of free money.