I entered an online lottery three months ago. I got notification that I won 2 million dollars. Instead of geting the money, the company sent me a bank guarantee letter with my name and a maturity of four months from now. I need to know how can I make sure that this is not a scam, and if not, can I open a U.S account with that amount of money? I am not a resident. If I can open that account, do I need to prove where that money came from or something like insurance?
Often these are scams. It would appear they want your bank account information before you can get the funds. A thief who has your account information can clean out your account. Ask yourself which is more likely, that you win the lottery, or become a victim?
Contact your states Attorney General, search the web for that company name and similar scams. Start your search here. Look at a sample of scams here, and don't give up your account information unless you are absolutely certain whom you are giving it to and for what. You might even consider opening a new account just for this. Tell your bank you don't want to allow any overdrafts in it, but be prepared that you could still have that account abused if this is a scam.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Often these are scams. It would appear they want your bank account information before you can get the funds. A thief who has your account information can clean out your account. Ask yourself which is more likely, that you win the lottery, or become a victim?