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How do I protect my closing money from wire fraud?

Verify payment instructions directly with a trusted closing contact using a phone number you obtained independently. Do this before sending money, especially if instructions change by email or text. Fraudulent messages can look familiar. If you suspect a transfer went to the wrong place, contact your bank immediately and report the incident.

By Eric Hamilton · Published September 17, 2026

Set the verification method early

Ask the closing team how legitimate instructions will be delivered and confirmed. Save a trusted phone number before the final rush. Do not use a new number supplied in the same message that changes the account details.

Pause when something changes

A request for secrecy, urgency or a different recipient deserves direct verification. A familiar logo or email signature does not establish authenticity. Calling a known contact is a practical part of closing, not an inconvenience.

Keep private information private

Avoid posting transaction dates, account information or documents in public tools. Use the approved secure systems. If an account appears compromised, secure it and tell the appropriate team members.

Act quickly after a suspected loss

Ask your bank about its immediate fraud and recall procedures. Notify the verified closing team and relevant authorities. Recovery is not guaranteed, so do not wait for an email response before contacting the bank.

Sources and scope

General U.S. education. Program, investor, company, servicer and state requirements vary. Agency references describe their own scope, not universal eligibility. Illustrations are hypothetical, not quotes or approvals.

  1. CFPB: Protecting mortgage closing funds Accessed September 17, 2026
  2. CFPB: Closing on your new home Accessed September 17, 2026

Approved for publication by Eric Hamilton on September 17, 2026.

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

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