Recently the Ombudsman for Banking Services released the annual report, highlighting that banking fraud continues to be a big problem for South African consumers, with internet banking fraud being the most widespread complaint.
Have you been a victim? Here’s 4 things you need to do to try and minimise the damages that could lead to devastating debt for the future:
1. Report any suspicious activity
As soon as you pick up that suspicious activity on your account or if you receive notifications that money has been debited from your account, contact your bank immediately.
2. Contact the SAPS
It’s important to open a case with the South African Police Service. This is free of charge and they will help you with all the necessary paperwork.
3. Get hold of a credit bureau
If any of your accounts have been tampered with, you should ask your bank to help you contact a credit bureau to put a credit freeze on your name.
4. Go through all your accounts
Go through all your recent statements and check your accounts to work out the number of illegal transactions performed.
Been a victim of fraud and still struggling with debt? The team at Meerkat can help! Contact us and we’ll get you on the road to a debt-free life.