Fraud: Romance Scams
Romance scams are one of the most emotionally damaging types of fraud.
They don't start with suspicious emails or alarming phone calls; they start with a connection, a friendly message, a shared interest, and develop into a relationship that feels real. And that's exactly why these scams can be so effective.
Understanding how romance scams work and knowing the warning signs can help protect both your heart, and your finances.
What is a romance scam?
A romance scam happens when a scammer pretends to be genuinely interested in a romantic relationship, often through dating apps, social media, or online communities. Over time, they work to build emotional trust by chatting regularly, expressing affection, and even talking about a future together.
Once that trust is established, the scammer creates a reason to ask for money. Common requests include:
- An emergency medical expense
- Travel costs to "finally meet in person"
- Help with a business setback
- An "investment opportunity" that promises high returns
In reality, the person you're talking to isn't who they claim to be and the money you send is almost always impossible to recover.
Why Romance Scams Are So Convincing
Romance scammers are skilled and patient and often:
- Avoid meeting in person or video chatting to conceal their true identity
- Have elaborate stories explaining why they can't access their own money
- Encourage secrecy, asking you not to tell your friends or family about the relationship
How to Protect Yourself
While anyone can be targeted, there are steps you can take to reduce your risk:
- Research and Verify Online Profiles
- Do a reverse image search of profile photos and look for inconsistencies in names, locations, or stories
- Scammers often reuse photos or details across multiple platforms
- Take Your Time
- Be cautious if someone expresses strong feelings very quickly or pushes for an intense connection early on
- Never Send Money or Financial Information
- Never send money, gift cards, cryptocurrency, or personal banking information to anyone that you haven't met in real life, no matter how convincing their situation sounds
- Talk To Someone You Trust
- If an online relationship starts to involve money, pause and talk it through with a trusted friend, family member, or financial professional. An outside perspective can make a big difference
- Trust Your Instincts
- If something feels off, it probably is. Discomfort, pressure, or secrecy are signals worth listening to
- Report Suspicious Activity
- If you believe you've encountered a romance scam, report it to the platform where the contact occurred and to relevant authorities, such as the FTC
Staying Safe Starts with Awareness
Romance Scams succeed by playing on emotions, but knowledge is a powerful defense. Staying informed, slowing down, and asking questions can help you spot the warning signs early and protect yourself from financial and emotional harm.
If you ever have questions or concerns about suspicious activity, your financial institution is a great place to start. We're here to help you stay safe, confident, and informed both online and off.
