February is a time to celebrate love and connection, but it is also a peak season for sweetheart scams. These scams, also known as romance scams, target people through online dating platforms, social media, and messaging apps, often leading to significant financial and emotional loss.

What Are Sweetheart Scams?

Sweetheart scams occur when someone pretends to form a romantic relationship with the goal of gaining money or personal information. Scammers often create fake profiles and build trust over time before asking for financial help, gifts, or sensitive details.

They may claim to be traveling, living overseas, or facing an emergency that requires immediate assistance.

Warning Signs to Watch For

Be cautious if someone you meet online:

  • Expresses strong emotions very quickly
     

  • Avoids video calls or in-person meetings
     

  • Asks for money, gift cards, or cryptocurrency
     

  • Encourages secrecy or urgency
     

  • Shares stories of sudden financial or personal crises
     

These are common tactics used to manipulate victims.

Why Awareness Matters

Romance scams can result in long-term financial strain and emotional distress. According to consumer protection agencies, they are among the costliest scams reported each year. Awareness and early action can prevent serious losses.

How to Protect Yourself

  • Never send money to someone you have not met in person
     

  • Do not share personal or financial information online
     

  • Verify identities and question inconsistencies
     

  • Talk to a trusted friend or family member if something feels off
     

  • Report suspicious activity to the platform and your bank
     

Stay Safe This February

Healthy relationships are built on trust, transparency, and mutual respect. This Valentine’s season, take steps to protect yourself and your finances. If something feels too good to be true, it probably is.

Peoples Bank is committed to helping you stay informed and financially secure all year long. If you have questions, received a suspicious email, feel you may have been contacted by a scammer, or believe you are a victim of fraud or identity theft relating to any of your Peoples Bank accounts, please call Customer Care immediately at 815-936-7600.

Stay cyber smart and avoid scams with Peoples Bank!