When a Wire Request Triggers Alarm Bells

Welcome to the 4-Minute Money Ideas Podcast with certified financial planner and best-selling author Douglas Goldstein.

Doug helps people outside the United States handle their U.S. brokerage and retirement accounts.

Here he is now, Doug Goldstein.

Here's a scary thought.

What happens if a fraudster hacks your email and sends your bank a wire transfer request? You'd expect the bank to catch it, right? But what if they don't? And what if after you're the victim of fraud, the bank turns around and closes your account? That actually happens.

And if you're an American living in Israel, you are more vulnerable to it than you might think.

Welcome to the 4-Minute Money Ideas Podcast.

I'm Doug Goldstein, and today we're talking about why personal relationships with your financial firm still matter, especially when you're managing U.S. accounts from overseas.