Wells Fargo Warns Customers of Latest Scam

It seems like criminals are coming up with more and more creative ways to try and separate you from your hard-earned money.

Wells Fargo is now warning about the latest scam making the rounds.

In an email to customers Friday (March 14), the bank outlined the 'Card Collection Scam' and how it works:

It begins with someone calling, texting, or emailing you looking for your PIN due to 'fraudulent activity in your account.

I would hope by now most of us wouldn't fall for this one, but the scammers don't stop there.

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The next step is to claim that the bank needs you to hand over either your debit or credit card or the computer chip from it for a 'recycling initiative'. In the wrong hands, access to those items could compromise your account.

Bank officials are reminding customers that they would never ask for either your PIN or card and to contact them immediately if anyone asks you for either.

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