Online Romance Scams: What You Need to Know to Stay Safe


Online romance scams, also known as “sweetheart scams,” are becoming increasingly common. These schemes are often emotional, convincing, and financially devastating, particularly for older adults who are more frequently targeted. 
At Liberty National Bank, we want to help you recognize the warning signs of these scams and protect yourself from falling into one of these harmful situations.
What Is an Online Romance Scam?
A romance scam happens when someone pretends to be romantically interested in another person, usually through online dating sites, messaging apps, or social media. Over time, they gain trust and then ask for money. These requests often come with elaborate stories, such as needing money for a sick family member, legal trouble, or travel expenses to finally meet in person.
The people behind these scams are professionals. They may spend weeks or even months developing a fake relationship before making their move.
Examples of Common Scenarios
In one instance, a person in their 60s sent thousands of dollars to someone they met online. The scammer claimed they were receiving a $1.5 million inheritance and asked for a joint account to be opened, despite never meeting in person. This was a clear attempt to access funds using a new tactic after wire transfers were blocked. 
In another case, an individual shared their online banking login with someone they believed was a romantic partner. The scammer quickly changed the account’s email address, attempted several fraudulent mobile deposits, and compromised the person’s identity. While action was taken to secure the account and guide them through recovery steps, significant damage had already been done.
Signs You May Be Involved in a Romance Scam
  • The person refuses to meet in person or keeps making excuses to delay meeting.
  • They ask you to send money, especially for emergencies, legal fees, or travel.
  • You’re asked to open new accounts, provide your bank information, or make wire transfers.
  • Communication is limited to texting or messaging apps, and things move very quickly.
  • You’re told to keep the relationship or financial dealings a secret.
How to Protect Yourself
  1. Be cautious with your personal and financial information.
  2. Be skeptical of emotional/dramatized stories.
  3. Don’t send money or gift cards to someone you’ve never met in person.
  4. Protect your devices and accounts by avoiding suspicious links and using strong, unique passwords.
  5. Talk to someone you trust, such as a friend, family member, or your bank, before making any major decisions.
We're Here to Help
If you think you may be involved in a romance scam, don’t wait — call Liberty National Bank at 855-351-2265. Our bankers are trained to spot red flags and will help you take the right steps to secure your finances and protect your identity.

Scammers prey on trust and loneliness, but with awareness and support, we can stop them in their tracks.