Scammers are hashtagging their posts with the same tags banks use in order to initiate a scam.

Who Is It Targeting: Instagram users

What Is It:  Scammers are targeting people who follow banks on Instagram by hashtagging their scams with the same tags a bank might use. The scammers use fake accounts to comment on the credibility of the “service” and emojis to spark interest. The scammers then send a direct message to the individuals about their “services.” The goal of the scammers is to convince victims  to give them generally between $50 and $1,000 with thepromise it will be returned 10 times as much.

What Are They After: Account information, money orders.

How Can You Avoid It:  Prioritize your social media privacy and update your account settings. If an offer is too good to be true, it usually is. Never send a stranger your account information or personally identifable information. Report a scam account to Instagram at

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For full details of this scam check out this article from NBC4i.