Watch Out for the “Accidental Deposit” Scam

Imagine this: you check your bank account and notice an unexpected deposit — maybe a few hundred dollars — from someone you don’t know. Before you can make sense of it, you get a message from the sender: “Oops! I sent that to the wrong account — can you please send it back?”

It might sound like an honest mistake. But it’s likely a scam.

Here’s how it works and what you need to know to protect yourself or a loved one.

🚨 How the Scam Works

1. The scammer sends money — usually using a payment app like Zelle, Venmo, or even direct deposit — into your bank account or app wallet.

2. They contact you urgently, saying it was a mistake and asking you to send it back to a different account than the one it came from.

3. You send the money back, thinking you’re doing the right thing.

4. Then the original transfer gets reversed, either because it came from a stolen account, a fake check, or a fraudulently linked payment method.

5. Now you’re out the money you “refunded”, and the scammer disappears.

🧠 Why It’s Dangerous

• The original payment was never legit. It often gets flagged as fraud later and pulled from your account.

• Once you send money back, it’s gone. Especially with apps like Zelle or Venmo, there’s no buyer protection or fraud insurance.

• It preys on your good nature. Most people want to help correct a mistake — scammers count on that.

🧭 What to Do If It Happens to You

• Don’t send anything back right away. Take a breath and investigate first.

• Call your bank and explain the situation. Let them track where the deposit came from and whether it’s legitimate.

• Don’t engage with the sender through text or app messages. If it was truly a mistake, they can resolve it through their bank — not by messaging strangers.

• Report it. Notify your bank, and if it came through an app like Venmo or Zelle, report the user immediately.

🛡️ How to Protect Yourself and Loved Ones

• Turn off auto-deposit on apps like Zelle so you have to manually approve incoming transfers.

• Talk to your loved ones, especially older family members, about this scam — they may be more likely to fall for it.

• Use strong privacy settings on payment apps and don’t accept money from people you don’t know.

At SeniorShield, we believe awareness is the first step toward protection. These scams are getting more creative by the day — but with the right info, we can outsmart them together.

💬 Have a story about this scam or something similar? We’d love to hear it — email us at john@seniorshield.ai