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You’ve been entering the Publishers Clearing House Sweepstakes for decades with high hopes. And then, one day, it happens. You get a phone call that you’ve won. But before you can claim your prize, there are a few things you’ll need to do, the phone representative says.
Read: How to Build A Financial Plan From Zero
Wait. Stop. Pause and breathe. There are a few things you should know about potential Publishers Clearing House scams before you start spending that money.
Is Publishers Clearing House Sweepstakes a Scam?
Publishers Clearing House is not a scam. PCH has been running its popular and beloved sweepstakes since 1967 and has awarded more than $315 million in prizes.
But while the company is legitimate, scammers have been posing as the long-running publishing house and preying on unsuspecting individuals. There are a few scenarios scammers might use to try to separate you from your hard-earned dollars without offering anything in return.
Publishers Clearing House Phone Scams
Seniors in Mississippi have received phone calls claiming that they won. The catch? Supposed “winners” have to pay money for taxes first.
Some scammers even ask people to provide their Social Security number and bank account information in order to claim the prize.
Publishers Clearing House Scam Letters
Scammers aren’t just reaching out via phone calls. People have reported receiving letters claiming they won the PCH sweepstakes. In Minnesota, one letter said that the recipient had to pay $15,000 in taxes to claim their multimillion-dollar prize, AARP reported.
In some cases, the letter will provide a phone number to call. Once the scammers have you on the phone, they might request payments in gift cards or cash. They could even request personal information, which they can use to steal your identity.
Scammers posing as PCH might also mail a large check and request that the “winner” cashes the check and sends a portion of the money back to cover fees. The check will bounce, and the recipient will be left without their expected prize winnings and may have to pay bank fees on top of that.
Signs You Didn’t Win the Publishers Clearing House Sweepstakes
Fortunately, it’s easy to spot a Publishers Clearing House scam if you know what to look for.
- If you get a phone call from someone claiming to be from PCH, hang up immediately. PCH never calls prize winners.
- If you receive a letter in the mail, don’t celebrate yet. PCH often mails prize winners before the PCH Prize Patrol comes to town. But they don’t send the check in the mail. That’s a sign that your letter may not be from PCH.
Here is a look at some other signs of Publishers Clearing House scams.
You Never Entered the Sweepstakes
As the saying for a popular lottery goes, “You’ve gotta be in it to win it.” If you haven’t entered the PCH sweepstakes, you didn’t win. Full stop. You must mail in your card or complete the registration form on the PCH website by the deadline for the next drawing.
You Received a Check Larger Than $10,000 in the Mail
For prizes larger than $10,000, the PCH Prize Patrol arrives unannounced at your home with a giant check, roses and celebrities like Steve Harvey. You may receive a letter in advance, but you won’t receive the check via mail. If you receive a check that looks like it’s from PCH and is worth more than $10,000, it’s fake. Don’t cash it.
You Are Asked To Send Money or Gift Cards
If anyone asks you to send money to cover fees or requests your bank account information or Social Security number to claim your prize, it’s a scam.
You will be responsible for paying taxes on your PCH winnings, but you don’t have to pay them upfront before you receive your prize. PCH will never ask you for money.
PCH official Christopher Irving told AARP, “At some point, a scam artist will ask you to send money, to pay some type of fees… to get your prize. We do not make such requests.”
How To Confirm That You Actually Won PCH
PCH may send a letter to winners prior to arriving at your doorstep with the PCH Prize Patrol. If you receive a letter that looks like it’s from PCH, you can call PCH customer service at 800-459-4724 to confirm your winnings.
Can You Really Win the Publishers Clearing House Sweepstakes?
Although PCH is a legitimate sweepstakes with winners every month, that doesn’t mean it’s easy to win. StatisticsHowTo.com says the odds of winning the lifelong $5,000 a week prize is 1 in 6.2 billion. Your odds of a one-time cash prize of just $2,500 is roughly 1 in 130 million.
PCH says the odds of winning the current sweepstakes, offering $300,000 per year for 29 years with an additional $6.3 million payment on the 30th year, are one in 7.2 billion. On the other hand, the odds of winning the Powerball jackpot are roughly 1 in 292 million, but you’ll need to pay to enter.
Final Note
With sweepstakes season in full swing, it’s important to protect your interests, your identity and your money. While winning the Publishers Clearing House sweepstakes may seem too good to be true, it can happen. Just make sure to confirm your prizes by calling PCH directly. Do not send money, gift cards or share personal information with anyone who may not be from PCH.
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