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Financial Fraud Prevention

Stearns Bank is committed to recognizing fraud schemes

Stearns Bank has extensive monitoring and reporting programs to recognize and prevent fraud. To protect customers, we have launched aggressive fraud detection and mitigation procedures.

At Stearns Bank, we look out for our customers' interests. Our staff is educated about emerging fraud schemes. If we notice suspicious or unusual transactions on your business account, we will intervene to help reduce or prevent financial loss.

See the notices below about current fraud scams. And watch our videos to stay ahead of fraud during the COVID-19 pandemic and tax season.

Do you suspect fraud on your account? Report your concerns with our online form.


Ignore Bogus COVID Vaccine Survey

People across the country are getting emails and texts, asking them to complete a survey about the Pfizer, Moderna or AstraZeneca vaccine. In exchange they are offered a "free reward," but asked to pay shipping fees. This is a scam to obtain your credit card or bank account information. No legitimate survey would ask for personal financial information to pay for a “free” reward.

Learn more from the Federal Trade Commission: Consumer Information

Home Warranties and Service Contracts

Homeowners should be aware of a scam in which home warranty companies try to sell service contracts through direct mail or email. Typically, the sales pitch warns that the current home warranty is expired, and renewal is required by their mortgage company. In some states, it is unlawful to sell service contracts without being registered with the state insurance department.

See Order to Cease and Desist the Solicitation and Sale of Service Contracts in Nevada (PDF)

Fake Unemployment Benefit Websites

Be alert to websites that mimick unemployment benefit websites, such as state workforce agency (SWA) websites, for the purpose of unlawfully capturing consumers’ personal information.

To lure consumers to these fake websites, fraudsters send spam text messages and emails purporting to be from an SWA and containing a link. The fake websites are designed to trick consumers into thinking they are applying for unemployment benefits and disclosing personally identifiable information and other sensitive data. That information can then be used by fraudsters to commit identity theft.

Learn more and see an official list of SWA websites (PDF)

Small Business Matters

How Electronic Funds Transfers Can Benefit Your Business

ACH payments are a secure way for small business owners to pay their employees and improve cash flow. Learn more about ACH for your business in this blog.

Read More
How Electronic Funds Transfers Can Benefit Your Business

Video: How to Stay Ahead of Tax Season Scams

Video: How to Stay Ahead of Covid-19 Scams

Video: Staying Ahead of Business Email Fraud

Report Fraud or Suspicious Activity

Online form and phone number

If you have witnessed fraudulent activity at Stearns Bank, or have reason to believe that fraudulent activity has occurred on your Stearns Bank account, please contact us.

Go to our fraud reporting page
Report fraud or suspicious activity


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