Credit Europe Bank scam email

I'm selling things online, and there is this guy called Jack Michael contacted me and wants to buy from me. My item is just RM100,but he sent me RM500. The email used is [email protected]. Is this a scam? Please help me identify. Thank you so much
This is the example of the email:
We've placed a temporary hold on the funds on this Transaction

As mentioned in the receipt of Payment sent to earlier and as per our New Bank Payment policy, we have fully debited the total amount RM 500.00MYR from the buyer's account which included the overcharge Charges.

Your payment of RM 500.00MYR is now ready to be activated into your bank account and the payment of RM 500.00MYR will be reflecting in your account in the next 1 hours which means you have less than 1 hours to refund the overcharge amount of RM 400.00MYR sent to you back to your buyer via Western Union so as to enable us onhold your payment from reflecting on your account or else Legal Action will be taking on you. We have also contacted the buyer to know his/her preferred way of getting his/her money back. The buyer has replied us and choose the best way of getting the overcharge payment back which is through Western Union Money Transfer. The buyer of your item hereby request that the payment is to be sent directly to his preferred address and the overcharge amount should be sent via Western Union Money

Note : The payment is on hold at the moment because of the overcharge amount from the buyer's account so you have to refund the RM 400.00MYR to the buyer address and send us the money transfer receipt so we can verify it and we can unlock the RM 500.00MYR to your account and you can as well get the item shipped. The payment cannot reflect until you refund the overcharge amount of RM 400.00MYR.

We are very sorry for any inconvenience this may cause.

If you have questions about this payment, please contact Credit Europe Bank directly by replying to this email. Your query will be answered promptly .

Thank you for using Credit Europe Bank© Online Transfer , Feel Free to contact us anytime if you have any question or comment about this transaction, all questions/correspondences should be forwarded to us at this email address:

[email protected]
© Credit Europe Bank© , 1995 -2016. All rights reserved.




Authorized Signature
© 1999 - 2016, Credit Europe Bank .

*** BE WARNED ***
FBI NOTE THAT ALL THE TRANSACTIONS INVOLVING CREDIT EUROPE BANK IS BEING MONITORED BY FBI IN ORDER TO PREVENT FRAUDULENT ACTIVITIES.

Hello lynnlimm,
It is a scam. The email address is a free web base email service that no legitimate bank would use. No legitimate bank will hold funds until you ship your item.
Sell locally to a person that will pay you in person with cash.

OH NO, I've sent him RM1000, is there anyway i can get my money back?

Contact Western Union to see if the money has been picked up. If the money has not been picked up cancel the transaction. If the money has already been picked up then there is no real hope of getting your money back.

you have less than 1 hours to refund the overcharge amount of RM 400.00MYR sent to you back to your buyer via Western Union

I just had a dumb question probably, but why would you send him RM1000 when he only asked for RM400?

Can you also post email headers with your information xed out along with the scam jargon from the email itself .

Thx

it wanted me to send another 600 together with 400 so total is rm 1000, it's in another email.
***CREDIT EUROPE TRANSFER BOUNCING BACK***
We have Detected on Our System that the Transfer sent to you by (Jack Micheal) is an International Transfer from Overseas to Malaysia, So Due to this we have seen that we are Unable to Transfer/Activate the Payment to your account because the Amount sent to you 400.00RM is Not Sufficient/Low for the System to Transfer/Activate it to your account, So we will like you to Contact the Buyer (Jack Micheal) to send you More 600.00RM for the total amount of (600.00RM+400.00RM+100RM= 1,100.00RM) for us to Check if the System can Activate it to the Account and once she make the additional payment to you , you will need to send it back to her through WESTERN UNION MONEY TRANSFER and scan us the receipt of Transfer that prove that you sent the money to him and once we got it, we will proceed with the remittance of the total amount of (1,000.00RM+100.00RM= 1,100.00RM) to your account immediately. So we will like you to Contact the Buyer (Jack Micheal) to go and make the additional payment of 600.00RM and once he has made the additional payment, we will be sending you a mail to confirm that he has made the additional payment and you are expected to go and make the transfer to him immediately you got the email from us that confirm that he has made the additional payment of 600.00RM so that we can be able to Transfer the Money to your Account Once we receive the receipt of Transfer from you. We shall also contact your buyer about it cause the additional transfer is needed urgently.

NOTE : Here is also the details of how it will be made

1.) Buyer made the additional payment of 650.00RM
2.) Once additional payment has been made,we will send you an email.
3.) Once we send you an email, you will need to go and send the 650.00RM back to your buyer first through Western Union Money Transfer
4.) You will scan us the receipt of Transfer that proves that you send the money to your buyer.
5.) Once we got the receipt, we will proceed with the remittance of your funds immediately..We have send a message to him to notify him about this.We Hope that you bear with us.

hey i got scammed RM545 exactly the same way. any update with your case?