CHECK YOUR BANK ACCOUNT REGULARLY, CONSUMERS TOLD ABOUT DEBIT ORDER SCAM

CHECK YOUR BANK ACCOUNT REGULARLY, CONSUMERS TOLD ABOUT DEBIT ORDER SCAM

The Payments Association of South Africa (Pasa) says consumers should check their bank accounts regularly to avoid being scammed.

The Citizen reported on Saturday that a Johannesburg man closed his bank account because of the branch’s inability to deal with R99 debit order scam.

The scam involves rogue companies debiting from bank accounts because most banks only notify clients when an amount of R100 or more is taken, most of these companies fall under the radar.

CEO of Payments Association of South Africa Walter Volker says they have implemented measures to try and curb this phenomenon.

Volker also urged consumers to not report legitimate debit orders: “They [customers] must regularly check their bank accounts. If there are unauthorised debit orders, customers must contact their banks. At the same time, the consumers should not dispute legitimate debit orders because it creates problems for us. It becomes difficult to detect the real rogue users in the system.”

LISTEN: How to deal with the R99 debit order scam

 

Michael Pedro / EWN

Facebook Comments

About author

Nigerians in South Africa
Nigerians in South Africa 1682 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

You might also like

Business 0 Comments

THE 2018 AFRICAN ECONOMIC OUTLOOK WILL BE LAUNCHED TODAY

The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis ABIDJAN, Ivory Coast, January 17, 2018/ —

ADEKUNLE GOLD – IRE

Adekunle Gold, Urban Highlife act finally dishes out his new single/video entitled “Ire” which translates to goodness in English. On “Ire“, Adekunle Gold shares his personal story and journey so

Technology 0 Comments

THE WINNER OF THE 2017 NIGERIA ENERGY AWARDS ANNOUNCED

The Nigeria Energy Awards (NEA) is proud to announce the  winner of the 2017 Nigeria Energy Awards. Nigeria Energy Awards aims to promote, empower and recognize the achievements of Nigerians

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply