Home News Capitec Bank Releases An Urgent Warning To Its Banking Clients

Capitec Bank Releases An Urgent Warning To Its Banking Clients

It is almost the festive season, whilst many are looking forward to their bonuses, fraudsters are also ready to make a quick buck and are aiming to rob millions of people.

According to My SA Status, Capitec bank has alerted its customers, particularly the eldery regarding a new scam aimed to defraud its older banking clients.

The bank warns that fraudsters will contact banking clients claiming to be working for the bank’s fraud department and warning that there was an attempt to commit fraud on the client’s account and a stop order was loaded.

For them to block the activity, fraudsters will tell the client to approve a confirmation notification sent to their bank app from the bank, using their PIN.

“We are aware of a new tactic used by fraudsters to target South African banking clients, particularly the elderly. Fraudsters will call you claiming to be from your bank’s fraud department, warning that there was either an attempt to commit fraud on your account or that a stop order was loaded. In order for them to block this activity consumers are told to approve the confirmation messages sent to their banking app using their PIN. Don’t believe anything. The bank will never ask for your PIN. Go to your nearest branch if you have a problem.”- Capitec Bank

Be careful of fraudsters. If something sounds too good to be true, it probably is.