{"id":837,"date":"2026-10-22T12:53:19","date_gmt":"2026-10-22T12:53:19","guid":{"rendered":"https:\/\/pouchers.io\/blog\/?p=837"},"modified":"2026-10-22T12:53:19","modified_gmt":"2026-10-22T12:53:19","slug":"money-transfer-scams","status":"publish","type":"post","link":"https:\/\/pouchers.io\/blog\/money-transfer-scams","title":{"rendered":"11 Common Money Transfer Scams and How to Avoid Them in 2026"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">9<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p><span style=\"font-weight: 400;\">Cross-border payments have made it easier to send and receive money internationally, but scammers are exploiting these transactions to steal money. In 2025, Nigerian financial institutions recorded <\/span><a href=\"https:\/\/nibss-plc.com.ng\/digital-payment-fraud-drops-51-to-n25-85b-lagos-accounts-for-63\/\"><span style=\"font-weight: 400;\">\u20a625.85 billion in digital-payment fraud losses<\/span><\/a><span style=\"font-weight: 400;\">, including \u20a617.84 billion linked to social engineering, according to the Nigeria Inter-Bank Settlement System (NIBSS).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secure payment apps like Pouchers help you manage foreign currencies and stablecoins while blocking out cyber threats and scams. Meanwhile, protecting your money also means knowing how scammers operate. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So this guide breaks down 11 common money transfer scams, shows you how each one works, and tells you how to walk away before it costs you.<\/span><\/p>\n<h2><b>1. Threats and Blackmail Scams<\/b><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-838\" src=\"https:\/\/blog.pouchers.io\/wp-content\/uploads\/2026\/10\/Adult_reviewing_smartphone_message_20261022130951-2.jpg\" alt=\"Money transfer scams\" width=\"1129\" height=\"630\" \/><\/p>\n<p><span style=\"font-weight: 400;\">A threat\/blackmail scam occurs when someone takes money from you unlawfully by coercion, threats, or blackmail. Sometimes they threaten to harm your family. In this case, the fraudster can even drop some of your personal details they found online to make the whole thing appear real.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Refuse to release your money, and don&#8217;t react to the threats.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you feel like your life is in danger, reach out to law enforcement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure your residential address, work address, travel plans, and financial data are not visible online or on social media.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Screenshot your chats with the scammer, then report the account or number to the platform.<\/span><\/li>\n<\/ul>\n<h2><b>2. Imposter Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In this type of scam, someone can use a brand or company that you trust to scam you (like your bank, a government agency, or a delivery company). They create a problem, such as a suspicious charge, a blocked account, an unpaid toll, or a refund waiting for you. Then they ask for money or access to your account.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">End the call. Call the company back using the number on its official website or app.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do not share any password, PIN, OTP, card details, or even your BVN.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A real company will never tell you to send your money elsewhere to &#8220;keep it safe&#8221;.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be cautious of any phone calls, texts, or emails you weren&#8217;t expecting.<\/span><\/li>\n<\/ul>\n<h2><b>3. Family Emergency Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A family emergency scam is when someone pretends to be your relative or friend. Some of them can even pose as a police officer, doctor, or lawyer to convince you that a loved one is in serious trouble. The idea is to make you panic. They will always request that you send them money immediately, and they&#8217;ll mostly want you to keep it a secret.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Call the person directly, on a number you already have.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Confirm the story from another family member.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t allow the urgency they create to push you to ignore verifying things.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider every request that promotes secrecy or odd payment methods to be a red flag.<\/span><\/li>\n<\/ul>\n<h2><b>4. Sextortion Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A sextortion scam is a type of blackmail where someone threatens to publish explicit photos or videos of you unless you send them money. They may have gotten the content through trickery or hacking. Sometimes, they\u2019ll just build a fake social media profile and talk you into sharing it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t send any money. The moment you pay once, they will keep demanding more.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Block their contact, but keep the evidence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Report the account to the platform and to local authorities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid sharing intimate content with anyone you haven&#8217;t verified.<\/span><\/li>\n<\/ul>\n<h2><b>5. Investment Scams<\/b><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-839\" src=\"https:\/\/blog.pouchers.io\/wp-content\/uploads\/2026\/10\/Shield_protecting_against_invest\u2026_20261022131857-2.jpg\" alt=\"Money transfer scams\" width=\"1129\" height=\"630\" \/><\/p>\n<p><span style=\"font-weight: 400;\">An investment scam is when fraudsters sell you an opportunity that doesn\u2019t exist or one that will never pay what they claim. They promise \u201cguaranteed,\u201d &#8220;risk-free&#8221;, or unusually high returns, then push you to put money in fast. In Nigeria, the collapse of the <\/span><span style=\"font-weight: 400;\">CBEX investment platform<\/span><span style=\"font-weight: 400;\"> in April 2025 reportedly left investors facing estimated losses of up to <\/span><span style=\"font-weight: 400;\">\u20a61.3 trillion<\/span><span style=\"font-weight: 400;\">. The platform had promised investors 100% returns within 30 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guaranteed high returns should make you suspicious.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Carry out a quick check on the company, its licence, and its registration on your own.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Never invest because someone is pressuring you or says the offer is about to expire.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Only invest money you are willing to let go.<\/span><\/li>\n<\/ul>\n<h2><b>6. Job Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A job scam is when a fake recruiter offers you a job role that isn&#8217;t real, just to get your money or your information. It might be a work-from-home position, a secret-shopper gig, or a chance to get a <a href=\"https:\/\/pouchers.io\/blog\/remote-jobs-that-pay-in-usd\">job that pays in US dollars<\/a>. In this type of scam, they\u2019d usually request an upfront charge, personal information, or payment for equipment or training. Sometimes, they\u2019d demand payment to improve your CV or resume.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Look up the company through its official website and verified contacts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don\u2019t ever pay money to get a job.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It\u2019s an automatic red flag when an entire hiring process takes place on WhatsApp, Telegram, or text.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t provide anybody with your ID documents until you&#8217;re sure the employer is real.<\/span><\/li>\n<\/ul>\n<h2><b>7. Romance Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A romance scam is when someone builds a fake relationship with you online, purely to get money out of you. They use stolen photos and warm, affectionate messages to earn your trust. And once they have successfully gained your trust in the relationship, they begin to make unnecessary demands, like money for a medical emergency, a flight ticket, a customs fee, or an &#8220;investment.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ask for a live video call, and run their photos through a reverse-image search.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t transfer money or gift cards to someone you&#8217;ve never met in person.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Watch out if they dodge calls, make excuses, or want to keep things secret.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The moment money enters the conversation, stop sending it.<\/span><\/li>\n<\/ul>\n<h2><b>8. Tech Support Scams<\/b><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-840\" src=\"https:\/\/blog.pouchers.io\/wp-content\/uploads\/2026\/10\/Avoiding_tech_support_scams_banner_20261022133030-2.jpg\" alt=\"Money transfer scams\" width=\"1129\" height=\"630\" \/><\/p>\n<p><span style=\"font-weight: 400;\">A tech support scam is when someone pretends to be a &#8220;help desk&#8221; (or customer care rep, or help\/support person) and tells you your phone, laptop, or account has a security issue. That\u2019s false; they simply want you to install software that will grant them remote access to your device, or the software could be programmed to read out login codes, and once they can access your OTP or verification code, they can as well access your money or data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Never grant remote access to someone who contacted you out of the blue.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reach the software or device company through its official support channel.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t read out OTPs or verification codes to anyone.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep your devices and security software up to date.<\/span><\/li>\n<\/ul>\n<h2><b>9. Immigration Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">An immigration scam is when a caller claims to be from an immigration authority and says there&#8217;s a problem with your visa, permit, or documents. That\u2019s usually untrue. They demand payment or account details right away, and they may threaten deportation to scare you into complying.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check the claim on the official immigration authority&#8217;s website.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t pay with gift cards, crypto transfers, or personal accounts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Never give your passport, banking, or account details to a caller you didn&#8217;t expect.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the contact details listed on the agency&#8217;s official site.<\/span><\/li>\n<\/ul>\n<h2><b>10. Prize Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A prize scam is when you get an unexpected message saying you&#8217;ve won a lottery, sweepstake, or contest, but you never entered anything. To collect, you&#8217;re told to pay a &#8220;processing fee&#8221; or share your bank details. Sometimes they send you a fake check first.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No genuine organisation will demand an upfront fee to hand you a prize you won.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t give your bank details to a contest organiser you don&#8217;t know.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t transfer money based on a check that hasn&#8217;t cleared.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Research the competition before you reply.<\/span><\/li>\n<\/ul>\n<h2><b>11. Marketplace Scams<\/b><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-841\" src=\"https:\/\/blog.pouchers.io\/wp-content\/uploads\/2026\/10\/Shield_protecting_against_market\u2026_20261022134219-2.jpg\" alt=\"Money transfer scams\" width=\"1129\" height=\"630\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Marketplace scams involve exploitation by fake buyers or sellers on online marketplace buying and selling platforms. The fake buyer pays more than the price of the goods using a fake cheque and asks for a refund of the extra payment while the fake seller will take your payment, but you will not receive the product. They always want you to make payment outside the marketplace platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How to protect yourself:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make all payments within the marketplace platform.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Research seller\u2019s rating, reviews, and history of the account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Refuse overpayment or refund requests.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid transactions requiring wire transfer, gift cards, and cryptocurrency to an unknown person.<\/span><\/li>\n<\/ul>\n<h2><b>Common Signs of Money Transfer Scams<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">When deciding whether to transfer money or provide personal information, make sure your contact contains none of the following red flags:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Urgency or secrecy in a request.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unexpected call, text, email, or social media contact.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Requesting your password, PIN, OTP, bank verification number, credit\/debit card number, and remote access to the computer.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Requiring a payment via gift card, cryptocurrency, wire transfer, or a personal bank account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorrect grammar, strange links, or email address mismatch with the official domain.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Too good to be true offer or deal with prize, job, or investment opportunities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An unknown individual requesting monetary or financial support from you.<\/span><\/li>\n<\/ul>\n<h2><b>How to Protect Yourself Against Money Transfer Scams<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Verify before you pay: Contact the person, bank, company, or government agency through their official source.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Take your time: Urgency is one of the scams\u2019 tactics and never a reasonable reason to ignore security procedures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep your logins and passwords safe: Never share your password, PIN, OTP, BVN, or recovery codes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply extra security measures to your account: enable 2-factor authentication, utilise biometric authentication if possible, and update your passwords regularly.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Confirm blockchain details twice: Verify the recipient\u2019s address and blockchain network before transferring USDT or USDC funds. Most blockchain transactions are confirmed and therefore irreversible.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Alert about potential fraud: Notify your bank and payment provider, save all evidence, and report the scam to your local authorities.<\/span><\/li>\n<\/ul>\n<h2><b>How Pouchers Keeps Your Account Safe<\/b><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-394\" src=\"https:\/\/blog.pouchers.io\/wp-content\/uploads\/2026\/08\/image-27-1.jpeg\" alt=\"Money transfer scams\" width=\"2048\" height=\"1152\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Pouchers is built for people who earn, receive, and move money across borders. You can hold stablecoins, receive and save funds in foreign bank accounts such as<\/span><a href=\"https:\/\/pouchers.io\/usd-bank-account\"> <span style=\"font-weight: 400;\">USD<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"https:\/\/pouchers.io\/gbp-bank-account\"> <span style=\"font-weight: 400;\">GBP<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"https:\/\/pouchers.io\/eur-bank-account\"> <span style=\"font-weight: 400;\">EUR<\/span><\/a><span style=\"font-weight: 400;\">, and<\/span><a href=\"https:\/\/pouchers.io\/cad-bank-account\"> <span style=\"font-weight: 400;\">CAD<\/span><\/a><span style=\"font-weight: 400;\">, or simply convert your funds to naira. On top of that, the platform provides advanced security features that cut down fraud risk.<\/span><\/p>\n<h3><b>1. Two-factor authentication and biometric login<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pouchers provides 2-factor authentication and biometric login features that add an extra layer of security to your account. Once you turn on the 2-Factor Authentication function, a stolen password alone can&#8217;t open your wallet. You can also log in with your fingerprint or Face ID, so someone holding your unlocked phone still can&#8217;t get into your account.<\/span><\/p>\n<h3><b>2. Transaction PIN for sensitive actions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You can set up the transaction PIN function on your account. It adds one more confirmation before money moves. Even if someone gets into the app, they still need that PIN to complete sensitive wallet actions.<\/span><\/p>\n<h3><b>3. Data encryption\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pouchers protects user data and transactions with bank-level encryption. It can flag suspicious activity, such as repeated failed login attempts, multiple incorrect passwords, or sign-ins from a new device or location. It also monitors unusual payments and transfers and sends email alerts to help users spot potential threats.\u00a0<\/span><\/p>\n<h3><b>4. Quick account lockdown if something looks wrong<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pouchers can temporarily block your account after several failed login attempts. If you suspect someone is trying to access your account, you can disable it through the app\u2019s security settings and change your password or login credentials. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disabling or locking a compromised account helps stop fraudsters from making further unauthorised payments, transfers, or withdrawals. You can also contact support through in-app chat or email for help securing your account.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Note:<\/strong> Pouchers will never ask for your account login details. It will never ask for your BVN, password, PIN, or OTP, even in a call, email, or message that claims to be Pouchers support.<\/span><\/p>\n<h2><b>Frequently Asked Questions\u00a0<\/b><\/h2>\n<h3><b>1. Is Pouchers safe for receiving money from abroad?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes. Pouchers protects your account and funds with identity verification, 2FA, biometric login, a transaction PIN, encryption, and real-time fraud monitoring.<\/span><\/p>\n<h3><b>2. How do I know if someone is impersonating Pouchers support<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pouchers will never ask for your BVN, password, PIN, or OTP. If anyone does, don&#8217;t share them. Report it through the in-app chat or the official support email.<\/span><\/p>\n<h3><b>3. What should I do if I suspect fraud on my account?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">Disable your account from security settings. Change your password and PIN, and turn on 2FA or biometrics if they&#8217;re off. Then contact Pouchers support with your transaction evidence.<\/span><\/p>\n<h3><b>4. Do I need to complete all KYC verification on Poucher?<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, you need to complete identity verification and KYC (Know Your Customer) checks on the<\/span><span style=\"font-weight: 400;\"> Pouchers app<\/span><span style=\"font-weight: 400;\"> to help protect your account against fraud and impersonation.\u00a0<\/span><\/p>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Money transfer scams often work by making you panic and act quickly. Take your time, verify every request through official channels, and never share your password, PIN, BVN, or OTP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For extra safety, turn on 2FA and biometrics, keep your transaction PIN private, complete your highest KYC level, and double-check the recipient\u2019s wallet address and network before sending USDT or USDC. Pouchers offers a secure, stablecoin-powered multicurrency wallet with security features to help you manage international money with greater confidence.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">[<a href=\"https:\/\/pouchers.onelink.me\/GUbq\/m9mue1dl\" target=\"_blank\" rel=\"noopener\">Download the Pouchers app to get your secure foreign bank account<\/a>]\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">9<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> Cross-border payments have made it easier to send and receive money internationally, but scammers are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[96],"class_list":["post-837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guides","tag-money-transfer-scams"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>11 Common Money Transfer Scams and How to Avoid Them<\/title>\n<meta name=\"description\" content=\"Learn 11 common money transfer scams targeting foreign account users, plus how to spot them and how Pouchers keeps your account safe.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pouchers.io\/blog\/money-transfer-scams\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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