Phone Scams that May Sweep Your Bank Account Empty

According to a research done by the Investment Companies in Delhi, a call from a customer care executive out of the blue may not always be a blessing. In reality if you end up sharing your banking details with these callers you could end up losing everything that you had in your bank account.

Phoney Fraud Alerts are the most common and frequently occurring phone scams that have robbed many users of their hard-earned money. And, Investment Companies in Delhi which makes a covers a major section of the private financing sector are not surprised by the prevalence of these scams. Here a valuable insight that can save you from being a victim of Phoney Fraud Alerts. 

What is Phoney Fraud Alert:

This type of alerts can come in the form of a phone call or an email claiming to be from your bank or financial institution. The scammer will initiate the talk by telling you that your credit card or bank account has been cancelled because they suspect that your card details have been stolen and is used in some kind of criminal activity.

They will inform you that a large transaction took place on your account, or else they will tell you that if you do not authorize the transaction, your money is on stake and you need to take immediate steps as your credit card details have been stolen. Thereafter, the caller will ask you to confirm your credit or account details so that they can investigate. In case of an email they will ask you to visit a website to confirm your credit card details.

Protect Your Bank Details:

Phoney fraud investigations are used to steal your banking details so that the scammer can use your account for online shopping and other transactions. They work by making you nervous in the hope that you panic and let them know about your account/credit card details.

Hence, if you receive a phone call from someone who claims to be from your bank and inform you that your account has been defrauded you need not panic. You should rather ask them for their name and number and say them that you’ll call them back. Check the number they give you against the number you normally contact your bank with and enquire with them about the whole matter.