Isle of Man Bank is making customers aware of a 'Pyramid Scam' currently affecting those in the UK.
Although the organisation hasn't reported any cases on Island it's warning customers of it should it appear.
The bank has released an example of a text message on social media which some have received, and says these scam texts will often contain bad grammar and spelling.
It's added if you receive a message like this to ignore it, not reply to it and report it immediately.
Island website launches AI house valuation tool
No-pet homes separating people from companions, says charity
Villa makes Peter Kay ticket plea
Mountain Road reopens after snow
Silenced night? MHK queries Xmas carol lyrics ban
Hundreds of telegraph poles needed for fibre broadband, says regulator
Local authority to spend £15k on bumper boats
Around 140 government job vacancies