• The fraudster begins my contacting the customer purporting to be from their bank, the police or another familiar organisation.
• The fraudster uses compelling and urgent language to convince the customer that their bank account has been compromised, often claiming that there are fraudulent transactions pending and the customer needs to take immediate action to prevent these from being released.
• To gain their trust, the fraudster encourages the customer to verify the call by phoning the telephone number printed on the back of their debit or credit card, or another trusted number they have for the Bank.
• The fraudster then leaves their line open so that when the customer dials the genuine number, the fraudster can intercept and “answer” the call, claiming to be the bank.
• The fraudster will proceed to ask the customer to transfer money to a new bank account that has been opened for them, to protect them from the alleged account compromise and fraudulent transactions.
You should be alert to unusual requests and wary of anyone who asks you for your personal information, however official it seems.
• The Bank will never ask you to transfer funds to protect them from fraudulent activity on your account.
• We will never call or email you asking for your full PIN or Password, card details or card reader codes.