Valentine’s Day is a time for connection, whether that’s a new relationship, an online match, or simply putting yourself out there. But during this season of romance, scammers are also working behind the scenes. Each year, romance scams increase around Valentine’s Day, taking advantage of trust, emotion, and the excitement of new relationships.

How Romance Scams Usually Start

Most romance scams begin online through dating apps or social media. Scammers create fake profiles and spend time building a connection. Conversations may feel genuine, supportive, and consistent. Over time, trust grows, and that’s when the financial request appears.

Common requests include help with:

• Travel expenses or medical emergencies
• Sudden financial hardships
• “Investment” opportunities involving cryptocurrency
• Gift cards, wire transfers, or peer-to-peer payment apps

Once money is sent, requests often continue and financial loss can add up quickly.

Signs Something May Not Be Right

Romance scams can be subtle, but there are common red flags to watch for:

• The person avoids video calls or meeting in person
• They claim to live or work overseas
• The relationship moves very fast emotionally
• They ask you to move conversations off the app
• Any request for money or financial information

It may be difficult when emotions are involved, but if something feels off, trust that instinct.

Protecting Yourself While Dating Online

Staying safe doesn’t mean avoiding online dating, it means being cautious with your information and finances. Keep personal and financial details private, use strong passwords, and be wary of anyone who pressures you financially. Talking through concerns with a trusted friend or family member can also help bring clarity.

A healthy relationship will never require you to send money.

If You’ve Been Targeted

Acting quickly can help limit losses and protect others. If you believe you’ve encountered a romance scam:

• Contact your bank or financial institution immediately
• Report the scam to the FBI’s Internet Crime Complaint Center (IC3)
• File a report with the Federal Trade Commission (FTC)
• Review resources from the American Bankers Association

A Reminder This Valentine’s Day

Romance should bring happiness not financial stress. During this season of love, a little awareness can go a long way in protecting both your heart and your financial security.

At Midwest Heritage, we’re committed to helping our community stay informed and financially safe now and throughout every season.