10/16/2026
Scams can look convincing. Knowing the warning signs can help you stay protected.
We’re sharing this important reminder from the Minnesota Department of Commerce. If something doesn’t seem right, pause and verify before sending money or sharing personal information.
Member FDIC, Equal Housing Lender
Scammers are using our name, address, and logo in letters demanding that Minnesotans pay upfront fees in exchange for a later payment or “release” of large amounts of money.
This is a scam. Commerce does not charge consumers fees and will never solicit money from individuals.
Fraudsters may also impersonate the FBI, fraud helplines, and other government agencies, sometimes demanding additional payments to investigate a scam or recover lost money.
How to protect yourself:
-Never pay an upfront fee to receive promised funds or recover lost money.
-Verify requests using contact information from an agency’s official website.
-Never provide personal or financial information through unverified websites or unsolicited messages.
Learn more about scams and how to report them here: https://mn.gov/commerce/money/consumer/financial-journey/avoid-fraud.jsp