Two Ways to Identify Fake Bank Transfers

In an article released by the Central Bank of Nigeria, it is stated that fake credit alerts are a scam used by con artists to defraud people of their money, goods, and services. As a result, many people have lost faith in the use of bank money transfers, which is actually one of the simplest and safest ways to pay for goods and services.

Source: Google

Fake credit scams are a way for thieves to defraud people of their money, goods, and services. As a result, many people have lost faith in using bank money transfers, which are one of the simplest and safest ways to pay for goods and services.

Despite the fact that this particular ploy has been around for a while, owing to ignorance, many people continue to be defrauded of their hard-earned cash and possessions.

In order to prevent you from falling for their scams, I’ll share with you two techniques to spot a bogus bank credit notice in this post.

1. See if there has been a change in your account balance.

There will be an increase in your account balance when money is put into it from another source. However, if there is no change in your balance and you notice an alert in your message inbox, it is a scam.

Check to determine if the allegedly transferred money was added to your starting balance because, as you should remember, the fraudster is unaware of the true balance in your bank.

2. If your available balance is displayed, make sure the alert is accurate.

Similar to what I previously stated, a genuine credit alert must show your available balance; otherwise, it is a phony. The police or any nearby security personnel should be contacted right away.