E-Transfer Scams Are on the Rise. Here’s How to Protect Yourself

Got an e-transfer? Watch out—scammers are tricking sellers into approving withdrawals instead of payments. Some even lose account access. Here’s how to protect yourself.

Selling something online? There’s a scam going around where what looks like an e-transfer is actually a withdrawal from your account. Some victims even had their banking details changed without realizing it. My Mom read about it in the paper and asked me if e-transfers were still safe. The short answer is yes, but only if you’re careful.

It’s a reminder for anyone using e-transfers. If something feels off, take a moment and be careful. Losing money because of a scammer is a lesson no one wants to learn the hard way.