In an era where digital transactions are prevalent, safeguarding your financial assets is more crucial than ever.
Here are some essential tips provided by banking experts to ensure the security of your accounts and transactions:
1. Update Your Contact Information:
- Recent Phone Number Change? Act Now! If you’ve changed your phone number recently, it’s vital to update it with your bank. Outdated phone numbers may still be linked to your account, and the number or email associated with your bank is the primary means through which they communicate with you regarding any account issues. Visit your bank promptly to ensure your contact details are up-to-date.
2. Always Get a Receipt for Cash Transactions:
- Secure Your Transactions with TCR Receipts: For cash transactions conducted within the banking hall, always request a TCR (Transaction Credit Receipt) to confirm that the funds have been successfully sent to the intended beneficiary. Your receipt serves as a tangible proof of the transaction.
3. Be Wary of Callers Requesting Sensitive Information:
- Identity Verification Caution: No legitimate bank will call you to request your card details, OTP (One-Time Password), or PIN over the phone. If you receive such calls, exercise caution. When in doubt, reach out to your bank’s official customer service number to verify the authenticity of the call.
4. Stay Alert to Scam Attempts:
- Account Safety Assurance: Scammers often attempt to access your account by instilling fear, claiming issues with your BVN (Bank Verification Number) or accounts. Never click on suspicious links, call unfamiliar numbers, or release any personal information. When in doubt, contact your bank’s customer service center or visit the bank in person to clarify the situation.
5. Verify the Source of Funds:
- Guard Against Unverified Transactions: Exercise caution when asked to receive funds on behalf of strangers or friends. Your account could unwittingly become involved in fraudulent activities, leading to potential legal repercussions. This caution extends to deposits into your domiciliary accounts – only accept funds from verified and trusted sources.
6. Trust No One with Your Password:
- Password Protection is Key: Statistics show that those who do not share their passwords, PINs, OTPs, or personal information are less likely to fall victim to fraud. Regardless of how close someone may be, never share your password. Protecting your personal information is the first line of defense against fraudulent activities.
By adhering to these expert-recommended tips, you can significantly reduce the risk of falling victim to financial scams and unauthorized access to your accounts.
Stay vigilant, stay informed, and prioritize the security of your financial well-being.
