5 stimulus check scams that try to steal your money, identity, or both - Business Insider

Remember: Most people who qualify to receive a direct payment do not need to sign up, apply, or "verify" any personal information. The IRS is usinginformation it already has on file to deliver the money, though you probably won't see it in your bank account for at least two to three weeks.

In the meantime, the Better Business Bureau, Federal Communications Commission, and Treasury Department are warning people that scams are ramping up.that rumors of people receiving fake stimulus checks are floating around. "If you receive a 'stimulus check' in the mail now, it's a fraud — it will take the Treasury a few weeks to mail those out," Phillips Erb wrote. As of now, the IRS seems to be forgoing paper checks all together in favor of direct deposit.

"If you receive a 'stimulus check' for an odd amount , or a check that requires that you verify the check online or by calling a number, it's a fraud," she said.fraudsters are sending out messages via social media, and sometimes via text, that contain links asking a person to enter "personal information and/or banking details." These messages claim the information is "necessary" to receive your stimulus check.

Just remember: The US government — and especially the IRS — will never get in touch with you on Facebook, Instagram, or any other social media platform.Another variation of the social media messages scam brings users to a fake website called the "US Emergency Grants Federation" and asks for your Social Security number to verify your eligibility,"Be sure to do your research and see if a government agency or organization actually exists," the Better Business Bureau site reads.

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