What is a Money Mule & How to Protect Yourself
May 22, 2025
It might sound harmless—letting someone transfer money through your account, especially if they say they trust you or need help. But if you’re moving money on someone else’s behalf, you could unknowingly be acting as a money mule—and that’s a serious crime.
What Is a Money Mule?
A money mule is someone who transfers illegally obtained money for a criminal. This can happen through bank transfers, wire services, checks, cryptocurrency, or even mobile payment apps. Sometimes the person knows the money is suspicious—other times, they’re completely unaware.
No matter the intent, acting as a money mule is illegal and can lead to frozen bank accounts, damaged credit, loss of funds, or even criminal charges.
How Criminals Recruit Money Mules
Scammers are smart and often use emotional or urgent appeals. They might approach you through:
- Fake job postings offering “easy money” or remote work
- Online romance scams, where a “partner” asks you to help move funds
- Investment opportunities that require you to receive or send payments
- Social media DMs or texts offering quick cash for using your bank account
How to Protect Yourself
- Be skeptical of quick-cash offers. If a job sounds too good to be true—or you’re asked to move money for someone you don’t know well—it’s likely a scam.
- Never share your bank account or debit card. Legitimate employers or businesses will never ask to use your personal accounts to receive or transfer money.
- Watch out for romance red flags. If someone you met online starts asking for favors involving money or cryptocurrency, stop communicating and report it immediately.
- Say no to crypto transfers for strangers. Scammers often ask for help transferring Bitcoin or other digital assets to hide stolen money. Don’t fall for it.
- Report suspicious activity. If you think you’ve been targeted or have unknowingly helped move funds, contact law enforcement and your financial institution right away.
Want to Learn More?
Check out these official resources:
Important Reminders: Don’t let anyone use your account—even if they sound trustworthy. What seems like a simple favor could get you involved in a scam. When in doubt, reach out. Rally is here to help.