How To Detect and avoid fake bank alert transfer payment

Last Updated on April 21, 2024 by admin

In today’s digital age, online transactions have become increasingly popular and convenient. One common method of payment is through bank transfers, where funds are transferred from one bank account to another. However, with the rise of technology, scammers have found ways to exploit this system by sending fake bank alert transfer payments.

Ever received a bank alert for a payment only to find out it was faker than a promise .Welcome to the world of fake bank alert transfer scams, where scammers try to pull a fast one on unsuspecting victims.These scams involve fraudsters sending fake bank alerts to trick people into believing they have received a payment when, in reality, they haven’t

They often carry out this dubious attitude with the aid of application like Flash Fund App
Lofty Sms app,Money Prank Pro,Millionaire Fake Bank Account Pro and Fake Alert Maker for Android

In this article, we will discuss how to detect and avoid falling victim to these fraudulent schemes.

You can also read:How to Protect your ATM Cards & PIN and Bank Account from fraud

Most scammers will tell their victims that you want to use mobile transfers to pay for goods and services or send money in case of POS attendance. Then they request for the name of your bank and phone number. Once you send them the bank names they will go online and search for the SMS bank alert format that the bank uses. For example, if the store or POS uses zenith bank, the fake alert message will be:

Zenith Credit

NGN70,000.00 [your amount]

Acct No:5634****82 [your account number]

Desc.: NIP: [your (fake) name] NIP USSD Transfer from

30-11-2026 04:13 [the date and time of transaction]

They will send fake bank alerts instantly which would look exactly like your bank’s credit alert, then add the amount of money you both agreed .

Steps to detect Fake bank alerts

  1. Check your Email that is link to your bank account

If your bank account is not link to your email— please open one either from Gmail or yahoo mail and link it to your account to enable you verify and get update of any financial transaction that took place in your bank account also, you can get to know your bank account statement and account balance by checking your email.

Once you received the suspected bank alert, check your email source. The original alert from your financial institution cannot be found attached with any other email whatsoever before you believe the sender.

 

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2. Account Balance Will Not Be Credited

This can be done using your bank ussd code or Mobile banking app, you can also check your account balance through internet banking or ATM Machine.Fake sms alert will never reflect in your account balance or statement.

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3. Check the credit alert you received if it contains your ‘available bank balance

Fake SMS alert will not contain your available balance you can eaily detectthe fake SMS if your account balance does not reflect along with transfer payment done by your customers/buyers

4.Watch out for Spelling and Grammar Errors:

Fake alerts frequently have typos, poor grammar, or strange phrasing. Legitimate banks maintain a professional standard in their communications.

5. Look for Inconsistencies:

Check your actual account balance through official channels (mobile banking app, internet banking, or ATM). If the alert shows a discrepancy, it’s likely a scam.

Conclusion

Educate yourself on the common tactics used by scammers to lure individuals into making fraudulent transactions. Stay informed about the latest scams and always be cautious when receiving bank alert transfer payments from unknown sources. By being proactive and vigilant, you can protect yourself from falling victim to fake bank alert transfer payments and safeguard your finance

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

For Advertisement, Content marketing andsponsored post: contact : kokobest04@gmail.com
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Ogbeide Frank loves writing and research about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies For Advertisement, Content marketing and sponsored post: contact : kokobest04@gmail.com
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1 thought on “How To Detect and avoid fake bank alert transfer payment

  1. Please I need your help
    I need you to help me check if a federal mortgage bank account alert is real. Someone sent some money there. And I don’t know if it’s real

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