Welcome to Bankers' Bank Northeast!
We are one of 17 Bankers' Banks nationwide that collectively do business with more than 6,000 community banks and credit unions. We are the single-source, cost effective provider of a broad range of traditional and new correspondent banking and funding services. We are a resource partner and not a competitor. Helping to build your bottom line is our business.
Consumer Alert on Vacation Property Rental Scam
The BBN hands-on approach to customer support enabled us to identify an increasing occurrence of a fraudulent scenario impacting our clients. Customers/Members are requesting their bank or credit union to send a wire transfer for a deposit to secure a vacation rental property. Our research indicates the originating website is legitimate, the property is legitimate and the email is accurate. However, unbeknown to the true property owner the email had been hacked and the wire instructions were re-directing the funds to an illegal account in another country.
Thru BBN’s continual assessment of all wire activities we identified a pattern of suspicious transactions originating from a number of different clients. We were able to question a number of wires and subsequently prevented fraud thereby saving the customer or member the amount of the deposit. Click here to read more.
Bankers’ Bank Northeast offers two alternate solutions to the mandated FedLine Advantage and Fedline Command.
Click here to learn more.
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