Etini
Valued Contributor
The World is going cashless and payments are being made today with bank transfers to the accounts of business people. The sad thing is that fraudsters have taken advantage of this innovation to defraud business people of their products. They would claim that they want to pay through a bank transfer and they would generate a fake credit alert to your phone and a fake debit alert on their phone. It can be really painful to be defrauded in such a way and manner.
How do you detect fake credit transfer alerts? The first piece of advice I would give is that everyone should link their bank accounts with their email and activate email alerts as well as SMS alerts. When you receive a credit alert, log in to your email address to confirm the transaction. If you are not notified by email too, it is likely to be a fake transfer.
Also if the SMS credit alert doesn't indicate your account balance, it is obviously a fake alert. We have to be vigilant as business people.
How do you detect fake credit transfer alerts? The first piece of advice I would give is that everyone should link their bank accounts with their email and activate email alerts as well as SMS alerts. When you receive a credit alert, log in to your email address to confirm the transaction. If you are not notified by email too, it is likely to be a fake transfer.
Also if the SMS credit alert doesn't indicate your account balance, it is obviously a fake alert. We have to be vigilant as business people.