08/03/2026
Security Hints & Tips
Advance-Fee Scams
Advance-fee scams are very common, but they're often overlooked. Cybercriminals take advantage of payout opportunities, like loans or investments, to try and steal your money or financial information. Read below to learn more about advance-fee scams and how to protect yourself.
What Are Advance Fees?
An advance fee is a payment made to a person or an organization before receiving a loan or an investment. For example, some ATMs will charge you an advance fee before you can take money out of your account. Also, if you need a loan, some lending institutions will charge you an advance fee before you can receive the full loan amount.
What Are Advance-Fee Scams?
In an advance-fee scam, cybercriminals will send a phishing email offering you an opportunity to earn a large sum of money, usually in the form of a grant or loan. In this email, cybercriminals will tell you that you need to pay a small advance fee in order to get the money. To seem more legitimate, cybercriminals use trusted payment platforms like PayPal. If the cybercriminal receives a payment or your financial information, they usually stop all contact. The cybercriminal, your money, and the fake financial opportunity practically disappear.
What Can I Do to Stay Safe?
Follow the tips below to stay safe from advance-fee scams:
Be cautious of unexpected payout opportunities. Remember, if something seems too good to be true, it probably is!
If you're looking for a loan or investment opportunity, work with well-known financial institutions. Then, speak to a legitimate representative to find out if an advance fee is needed.
Always think before you click. Cyberattacks are designed to catch you off guard and trick you into clicking impulsively.